Pidilite Industries , a leading manufacturer of adhesives and sealants, has reported robust financial results for the second quarter, showcasing strong growth in revenue and volume.

Revenue and Volume Growth

Pidilite Industries reported net sales growth of 10.4% to ₹3,272.00 crores for the quarter. The company achieved an impressive underlying volume growth of 10.3% for the same period. For the half-year, net sales grew by 10.5% to ₹6,740.00 crores.

Segment Performance

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

• Consumer and Bazaar segment: Revenue grew by 10.8% with volume growth of 10.4%
• Business to Business segment: Grew by 8.7%, although it was impacted by lower exports of industrial products due to higher tariffs

Profitability and Margins

Pidilite Industries reported improved profitability and stable margins:

• Gross margins improved by 47 basis points due to lower input costs
• EBITDA margins remained stable at 24.7% for the quarter
• Profit after tax increased to ₹586.00 crores for the quarter and ₹1,236.00 crores for the half-year

Management Commentary

Sudhanshu Vats, Managing Director of Pidilite Industries, noted that the company delivered growth despite challenging macro-economic conditions. He expressed optimism about domestic market improvement, citing favorable monsoons and growth in the construction sector as positive factors.

Looking Ahead

As Pidilite Industries continues to navigate the dynamic market environment, the company's strong revenue and volume growth provide a solid foundation for future performance. The improved gross margins and stable EBITDA margins indicate effective cost management despite challenging conditions.

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. The company's ability to deliver growth in challenging macro-economic conditions demonstrates its resilience and market strength.

Investors and analysts will be keenly watching how the company leverages the anticipated improvement in the domestic market, particularly with favorable monsoons and growth in the construction sector, to drive further growth in the coming 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.