Its profit after tax (PAT) increased 37% ₹584.2 crore from the previous year’s ₹427.5 crore. It was also above CNBC-TV18’s poll of ₹535 crore.
The company’s revenue of 14% higher at ₹3,585 crore compared to ₹3,141.1 crore last year and above Street estimates of ₹3,487 crore.
Pidilite Industries’ earnings before interest, tax, depreciation and amortisation (EBITDA) increased 32% to ₹833 crore from ₹633 crore last year and also surpassed Street estimates of ₹763 crore.
Its margins expanded to 23.2% from 20.1% in the year-ago period. The CNBC-TV18 poll had estimated margins to come in at 22%.
Pidilite Industries’ consumer business grew by 15.4% compared to expectations of 9.5%-11.5%. Volumes n the B2B business grew by 14.8% from last year despite the external challenges.
The company said it expects domestic demand momentum to continue even as it manages the potential impact on input costs in the year-ahead.
Shares of Pidilite Industries ended the previous session 2.8% higher at ₹1,461.1 apiece. The stock has risen 7.8% in the past month.
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