iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Pidilite Industries Q3 net down -18.9% yoy at Rs358cr on 52% spike in raw material costs

25 Jan 2022 , 07:24 PM

Pidilite Industries
Pidilite Industries Ltd reported 34% yoy growth in total revenues for the Dec-21 quarter on consolidated basis at Rs2,851cr. On a sequential basis, the revenues were up by 8.54%.

During the December 2021 quarter, the company saw double digit volumes across adhesives, sealants and construction chemicals. It also saw staggered pricing action to partially offset higher material costs.

Growth in urban geographies outpaced the growth in rural geographies in the quarter. Growth in sales was seen in the Consumer & Bazaar (C&B) segment as also the B2B segments.

For the Dec-21 quarter, the operating profits were lower on a yoy basis by -17.4% at Rs489cr. The company reported overall EBITDA of Rs550cr, which was 14% lower on yoy basis.

EBITDA margins stayed robust at 19.3% in the quarter. The pressure on the operating profits came from the 53% spike in the raw material costs in the quarter on a yoy basis.

Operating margins contracted from 25.72% in Dec-20 quarter to 17.14% in the Dec-21 quarter. Operating margins were also lower on a sequential basis.

Net Profit after tax (PAT) for the Dec-21 quarter was down -18.86% yoy at Rs358cr on the back of pressure on operating profits. To an extent, the higher material costs and other expenses were partially offset by inventory efficiency gains in the quarter. 

PAT margins contracted from 19.22% in the Dec-20 quarter to 12.58% in the Dec-21 quarter. The PAT margins were lower on a sequential basis too.

Financial highlights for Dec-21 compared yoy and sequentially

Pidilite Industries
Rs in Crore Dec-21 Dec-20 YOY Sep-21 QOQ
Total Income (Rs cr) ₹ 2,851 ₹ 2,299 24.00% ₹ 2,626 8.54%
Operating Profit (Rs cr) ₹ 489 ₹ 591 -17.38% ₹ 489 -0.14%
Net Profit (Rs cr) ₹ 358 ₹ 442 -18.86% ₹ 375 -4.31%
Diluted EPS (Rs) ₹ 7.05 ₹ 8.69 ₹ 7.37
OPM Margin 17.14% 25.72% 18.63%
Net Margins 12.58% 19.22% 14.27%

Related Tags

  • FMCG Sector
  • Pidilite Industries Ltd management
  • Pidilite Industries Ltd news
  • Pidilite Industries Ltd Q3
  • Pidilite Industries Ltd Q3FY22 FMCG Business
  • Pidilite Industries Ltd Q3FY22 PAT
  • Pidilite Industries Ltd Q3FY22 Result
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.