Profit before tax stood at Rs 751.76 crore in Q3 FY25, registering a growth of 9.36% from Rs 687.42 crore recorded in Q3 FY24.
During the quarter, EBITDA before non-operating income stood at Rs 798 crore, up 8% over the same quarter last year.
The current quarter’s revenue growth of 9.3% is aided by underlying volume growth (UVG) of 9.7% across categories and geographies. Consumer and bazaar (C&B) UVG was 7.3%, while business-to-business (B2B) maintained growth momentum with UVG of 21.7%.
Gross margins improved by 100 bps year on year, primarily due to benign input prices. With stepped-up A&SP spends, EBITDA margins were 24.3% as compared to 25.1% in Q3 FY24.
Domestic subsidiaries achieved double-digit revenue growth, along with an improvement in EBITDA margins. However, due to global economic uncertainty, inflation, and political instability in certain regions, international subsidiaries (excluding Pidilite USA and Pulvitec Brazil) reported modest sales growth.
Bharat Puri, managing director, pidilite industries, said, “Despite subdued demand across urban and rural geographies, we continued to make steady progress, with robust revenue and underlying volume growth and healthy levels of profitability. Looking ahead, we remain cautiously optimistic on improved demand conditions as a result of the good monsoon and increased construction activities. We remain committed to our strategic agenda of delivering consistent, profitable volume-led growth through investment in our brands, supply chain, and people.”
Pidilite Industry is a leading manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY (do-it-yourself) products, and polymer emulsions in India.