Pidilite shares rally 5% on reporting 9% YoY increase in Q3 PAT

Shares of Pidilite Industries, a leading manufacturer of adhesives and sealants, surged 5% to an intraday high of Rs 2,934.30 on January 23, following the company’s Q3 results announced on Wednesday.

The company reported a 9% year-on-year (YoY) increase in profit after tax (PAT), which stood at Rs 557.08 crore, compared to Rs 510.92 crore in the same quarter of the previous year.

Pidilite’s revenue for Q3 FY25 reached Rs 3,369 crore, reflecting a 7.6% YoY increase from Rs 3,130 crore in the same period last year. Net sales, at Rs 3,357 crore, grew by 9% YoY (excluding Pidilite USA and Pulvitec Brazil).


The company noted that the current quarter’s revenue growth was supported by a 9.7% UVG (underlying volume growth) across categories and geographies. The Consumer and Bazaar (C&B) segment saw a UVG of 7.3%, while the Business to Business (B2B) segment maintained strong momentum with a UVG of 21.7%.

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Meanwhile, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 7.5% YoY, reaching Rs 798 crore, compared to Rs 742 crore in Q3 FY24. The EBITDA margin remained largely stable at 23.7%, with a slight decline of 2 basis points from 23.9% in the same period last year.

“Despite subdued demand across urban and rural markets, we continued to make steady progress, achieving robust revenue and volume growth alongside healthy profitability. Looking ahead, we remain cautiously optimistic about improved demand conditions driven by favorable monsoons and increased construction activity,” said Bharat Puri, Managing Director of Pidilite Industries, commenting on the company’s Q3 performance.

Pidilite Industries' shares closed flat at Rs 2,754.2 on the BSE on Wednesday.

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