Pidilite Industries , a leading adhesives manufacturer, has announced significant changes in its Human Resources leadership. The company has appointed Mr. Ashish Prasad as the new Chief Human Resource Officer, following the resignation of Mr. Rahul Gama from the same position.

Leadership Transition Details

Mr. Gama, who submitted his resignation on November 11, 2025, will continue in his role until January 31, 2026, to ensure a smooth transition. He has decided to pursue new opportunities outside the organization.

New Appointment

Mr. Ashish Prasad, an IIM Ahmedabad graduate, brings over 28 years of experience in the building materials, consumer, and retail sectors to his new role at Pidilite Industries. His appointment, effective from November 14, 2025, was approved by the company's Nomination and Remuneration Committee.

Professional Background of Mr. Ashish Prasad

Mr. Prasad's extensive career includes notable positions at several prominent companies:

• Asian Paints
• Teamlease Services
• Holcim India-ACC
• Ashirvad Pipes
• Previous stint at Pidilite Industries
• Most recent role: Chief Executive Officer at Sintex BAPL (a Welspun group company)

This diverse experience in related industries positions Mr. Prasad well to contribute to Pidilite's human resource strategies and overall business growth.

The company expressed its gratitude to Mr. Gama for his contributions and wished him success in his future endeavors. Pidilite Industries looks forward to leveraging Mr. Prasad's expertise to further strengthen its human resource capabilities and support its strategic objectives.

These changes in the HR leadership are expected to bring fresh perspectives to Pidilite Industries' human resource management, potentially influencing the company's approach to talent acquisition, development, and retention strategies in the coming years.

Pidilite Industries , a leading adhesives manufacturer, has reported a strong performance for the second quarter of fiscal year 2026, with standalone revenue reaching INR 3,272.00 crores, marking a 10.4% value growth compared to the same period last year.

Consumer and Bazaar Segment Leads Growth

The Consumer and Bazaar segment, a key driver of Pidilite's performance, achieved an impressive 10.4% underlying volume growth (UVG), entering double-digit territory after five quarters. This segment's robust performance indicates a resurgence in consumer demand for Pidilite's products.

B2B Segment Shows Resilience

The Business-to-Business (B2B) segment also demonstrated strength, recording a 9.9% underlying volume growth. However, the export business faced challenges due to geopolitical uncertainties and tariffs in some markets, resulting in a decline.

Margin Improvement and Strategic Investments

Pidilite's gross margins improved by 0.5% in Q2 FY26, primarily due to benign input prices. The consumption rate of Vinyl Acetate Monomer (VAM), a key raw material, was $883.00 per ton compared to $980.00 in the same quarter last year. This margin expansion allowed the company to significantly increase its advertising and sales promotion expenditure, which rose by 80% in absolute terms.

Financial Highlights

Subsidiary Performance

Domestic subsidiaries reported a revenue growth of 10.7% with a significant 22.6% EBITDA growth. International subsidiaries saw a more modest 4.5% revenue growth.

Consolidated Performance

On a consolidated basis, Pidilite's revenues reached INR 3,540.00 crores, representing a 9.8% growth. EBITDA margins remained stable compared to the same period last year.

Market Dynamics

Rural markets continue to outperform urban markets for Pidilite, a trend observed over the past 16 to 20 quarters. However, urban performance has shown improvement in Q2 FY26, particularly in the construction sector growth brands.

Management Commentary

Sudhanshu Vats, Managing Director of Pidilite Industries, expressed confidence in maintaining double-digit underlying volume growth. He stated, "We are seeing clear traction when it comes to joinery. Our focus on demand generation is extremely high, and our go-to-market strategy is focused on generating demand."

Outlook

The management expects input costs to remain benign for the next 6 months. They are also optimistic about the construction sector growth, which could benefit from recent GST rate reductions on cement and certain construction materials.

Pidilite's strong performance in Q2 FY26, despite challenges in the export market, demonstrates the company's resilience and effective strategy in navigating market dynamics. The continued focus on demand generation and portfolio diversification positions Pidilite well for sustained growth in the coming quarters.