Pidilite Industries' net profit up y-o-y by 64% in June quarter

11 Aug 2022 , 09:39 AM

Pidilite Industries Limited, has announced its financial results for the quarter ended June 30, 2022.

The current quarter recorded strong revenue growth. Consumer & Bazaar (“C&B”) delivered growth across all geographies and categories of adhesives, construction chemicals and DIY portfolio. Business to Business (“B2B”) growth was healthy across all verticals.

While input costs remained high, cost efficiency measures strong PAT growth in line with revenue growth.

Further, International subsidiaries maintained healthy momentum and registered high double-digit constant currency revenue growth largely led by judicious pricing actions. Domestic subsidiaries reported good sales growth.

Consolidated Performance

• Net sales at Rs3,091 crore grew by 60% over the same quarter last year.
• EBITDA before non-operating income at Rs529 crore grew by 52% over the same quarter last year.
• Profit before Tax and Exceptional items (PBT) at Rs473 crore grew by 63% over the same quarter last year. 
• Profit after tax (PAT) at Rs358 crore grew by 64% over the same quarter last year.

Standalone Performance

• Net sales at Rs2,778 crore grew by 62% over the same quarter last year with underlying sales volume and mix growth of 44%. In this quarter, C&B sales rose by 67% with underlying volume and mix growth of 49% and 51% sales growth in B2B respectively with underlying volume and mix growth of 29%.
• EBITDA before non-operating income at Rs487 crore grew by 50% over the same quarter last year.
• Profit before Tax and Exceptional Items (PBT) at Rs443 crore grew by 59% over the same quarter last year. 
• Profit after Tax (PAT) at Rs333 crore grew by 61% over the same quarter last year.

On Thursday early morning trade, Pidilite Industries was trading at Rs2,660.55 per share up by Rs23.1 or 0.88% from its previous closing of Rs2,637.45 per share on the BSE.