Pidilite Industries Q4FY22 PAT down -16.93% at Rs254.35 crore on 30% spike in raw material costs

22 May 2022 , 06:16 PM

Pidilite Industries Ltd reported 12.15% increase in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs2,507.10 crore. On a sequential basis, revenues were down for the quarter by -12.05%.

Full year FY22 revenues were up 36.03% at Rs9,921 crore. For Q4FY22, Pidilite Industries saw strong growth across both verticals. The consumer and bazaar business saw sales growth of 10.6% at Rs1,913 crore.

The B2B institutional sales also saw growth of 20.6% at Rs645 crore. Net cash from operations for FY22 fell -31.4% at Rs955 crore on a sharp spike in inventories and trade receivables amid supply constraints.

The consolidated net profit for Q4FY22 was down -16.93% at Rs254.35 crore. The net profits was lower by -29.05% on a sequential basis.

The reason was the sharp 30% spike in raw material costs. Operating profits fell yoy across the consumer bazaar vertical and the B2B institutional vertical. 

Net margins were 10.15% in Q4FY22 quarter compared to 13.70% in Q4FY21. NPM was lower compared to 12.58% in Q3FY22. Board has approved final dividend of Rs.10 per share for the year, subject to the approval of the shareholders of the company.

Financial highlights for Mar-22 compared yoy and sequentially

	Pidilite Industries
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 2,507.10	₹ 2,235.52	12.15%	₹ 2,850.72	-12.05%
Net Profit (Rs cr)	₹ 254.35	₹ 306.19	-16.93%	₹ 358.49	-29.05%
Diluted EPS (Rs)	₹ 5.00	₹ 6.02		₹ 7.05
Net Margins	10.15%	13.70%		12.58%