Pidilite Industries ' Managing Director has expressed strong confidence in the company's growth prospects, indicating expectations for sustained double-digit growth in the upcoming period. The leadership's optimistic outlook reflects the company's robust business fundamentals and market positioning.

Growth Momentum Expected to Continue

The Managing Director's statement underscores the company's confidence in maintaining its strong performance trajectory. The expectation of sustained double-digit growth suggests that Pidilite Industries continues to see favorable market conditions and strong demand for its products across various segments.

Export Business Poised for Improvement

A significant development highlighted by the management is the anticipated positive impact of tariff cuts on the company's export operations. The reduction in tariffs is expected to enhance the competitiveness of Pidilite's products in international markets, potentially leading to improved export performance.

Strategic Positioning

The management's positive outlook indicates strong underlying business fundamentals and effective strategic positioning in the market. The combination of sustained domestic growth expectations and improved export prospects suggests a well-balanced approach to business expansion across both domestic and international markets.

Pidilite Industries Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating strong operational performance across both standalone and consolidated metrics. The adhesives and specialty chemicals manufacturer reported significant growth in revenue, profitability, and operational efficiency during the third quarter of FY26.

Consolidated Financial Performance

On a consolidated basis, the company reported revenue from operations of ₹37.1 billion rupees in Q3FY26, up from ₹33.69 billion rupees in Q3FY25, marking a 10.12% year-on-year growth. Consolidated net profit attributable to shareholders reached ₹6.2 billion rupees compared to ₹5.52 billion rupees in the previous year, representing a 12.32% increase. The consolidated net profit was marginally below analyst estimates of ₹6.25 billion rupees.

EBITDA Performance and Margin Expansion

The company demonstrated strong operational efficiency with EBITDA reaching ₹8.94 billion in Q3FY26, marking a significant 12.17% year-on-year growth from ₹7.97 billion in Q3FY25. More importantly, the EBITDA margin expanded to 24.10% compared to 23.66% in the corresponding quarter of the previous year, indicating improved operational leverage and cost management.

Standalone Financial Performance

The company's standalone operations showed robust growth during Q3FY26. Revenue from operations increased by 10.88% year-on-year to ₹3,436.18 crores compared to ₹3,099.08 crores in Q3FY25. Net profit for the quarter grew by 12.48% to ₹601.21 crores from ₹534.50 crores in the corresponding quarter of the previous year.

For the nine-month period ended December 31, 2025, revenue from operations reached ₹10,202.79 crores, representing a 10.64% increase from ₹9,221.84 crores in the same period last year. Net profit for the nine months stood at ₹1,836.91 crores, up 12.83% from ₹1,628.07 crores in the previous year.

Segment-wise Performance

The Consumer & Bazaar segment continued to be the primary growth driver, generating revenue of ₹2,802.31 crores in Q3FY26 compared to ₹2,493.50 crores in Q3FY25, marking a 12.39% year-on-year growth. The Business to Business segment reported revenue of ₹667.15 crores versus ₹648.49 crores in the previous year.

Exceptional Items and Corporate Developments

The company reported exceptional items of ₹7.55 crores in Q3FY26, primarily due to impairment loss on loan given to an associate of a wholly owned subsidiary and on investment in a subsidiary. During the nine-month period, the company implemented a 1:1 bonus share issue approved through postal ballot on September 11, 2025, with 50,88,57,016 equity shares allotted as bonus shares on September 24, 2025. The company recognized an estimated incremental impact due to the New Labour Codes notified by the Government of India on November 21, 2025, resulting in additional provisions of ₹37.06 crores towards gratuity and ₹10.53 crores towards compensated absences.