Pidilite Industries , a leading manufacturer of adhesives and sealants, has reported a mixed set of financial results for the second quarter. The company's performance showed growth in revenue and profit, but fell short of analyst expectations in some key areas.

Revenue Growth Exceeds Expectations

Pidilite Industries reported a consolidated revenue of ₹3,554.44 crore for Q2, representing a solid growth of 9.88% compared to ₹3,234.91 crore in the same quarter last year. This figure surpassed analyst estimates of ₹3,525 crore, indicating strong market demand for the company's products.

Profit Growth Falls Short of Estimates

The company's consolidated net profit for Q2 stood at ₹579.23 crore, showing an increase of 8.35% from ₹534.56 crore in the corresponding quarter of the previous year. However, this fell short of analyst expectations of ₹608 crore, suggesting some pressure on the company's bottom line.

EBITDA and Margin Performance

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter increased to ₹851.00 crore from ₹770.00 crore year-on-year, representing a growth of 10.52%. However, this figure was slightly below the estimated ₹853.00 crore.

The EBITDA margin showed a marginal improvement, rising to 23.93% from 23.77% in the same quarter last year. Despite the improvement, it remained below the anticipated 24.20%, indicating some challenges in maintaining profitability amid rising costs.

Segment Performance

The company's financial results reveal strong performance across its main business segments:

The Consumer & Bazaar segment, which includes products for retail users such as adhesives and sealants, showed robust growth in both revenue and results. The Business to Business segment, catering to large business users, also demonstrated strong performance, indicating healthy demand across various customer segments.

Looking Ahead

As Pidilite Industries continues to navigate the dynamic market environment, investors and analysts will be keenly watching how the company manages its costs and maintains profitability in the coming quarters. The company's strong revenue growth provides a solid foundation, but managing margins will be crucial for future performance.

Pidilite's diverse product portfolio and strong presence in both consumer and business segments position it well to capitalize on various growth opportunities in the adhesives and sealants market. However, the company may need to focus on operational efficiencies to bridge the gap between its revenue growth and profit expectations in the future quarters.

Pidilite Industries , a leading manufacturer of adhesives and sealants, has received a penalty order of Rs 13,41,276 from the State Tax Officer, Mobile Squad Bhilad Division 8 Vapi, under the Central Goods and Services Tax Act. The company disclosed this information in a regulatory filing to the stock exchanges on October 27, 2025.

Key Details of the Penalty Order

Company's Response

Pidilite Industries has stated that it is currently reviewing the order and evaluating the next steps. The company is considering exercising its right to appeal to the highest authority as permitted by law. In its disclosure, Pidilite Industries emphasized that there is no material impact on the company's financials, operations, or other activities as a result of this penalty order.

Regulatory Compliance

The company made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pidilite Industries assured stakeholders that upon examining the order and ascertaining full facts, the intimation is being filed at the earliest opportunity.

As the situation develops, stakeholders will be keen to see how Pidilite Industries addresses this regulatory challenge.