Standalone Q3 Ebitda margins of Pidlite Industries at 24.3%

Mumbai, Jan 24: Pidilite Industries Limited, India’s leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter and nine months ended December 31, 2024.

The current quarter’s revenue growth of 9.3% was aided by UVG of 9.7% across categories and geographies. Consumer and Bazaar (‘C&B’) UVG was 7.3%, while Business to Business (‘B2B’) maintained growth momentum with UVG of 21.7%.

Gross Margins improved by 100 bps year on year, primarily due to benign input prices. With stepped up A&SP spends, EBITDA Margins were 24.3% as compared to 25.1% in Q3 FY24.

For nine months of the current financial year, UVG was 9.2% with C&B UVG of 7.0% and B2B UVG of 20.2%. Gross Margins improved by 284 bps over previous year, on account of lower input costs. EBITDA Margins were 24.5%, compared to 23.7% in previous year.

We continued to invest in our brands, upgrading and building new manufacturing facilities and expanding our distribution network. Innovation across C&B and B2B segment continued to be a significant contributor to the overall revenues of the company.

Domestic subsidiaries delivered double digit revenue growth with improvement in EBITDA margins.

Owing to global economic uncertainty, inflation and political instability in some countries, International subsidiaries (excluding Pidilite USA and Pulvitec Brazil) reported modest sales growth.