Mumbai, August 10, 2022: Pidilite Industries Limited, India’s leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter ended June 30, 2022.
The current quarter recorded robust revenue growth, a combination of higher volumes and measured price increases. Consumer & Bazaar (“C&B”) reported growth across all geographies and categories of adhesives, construction chemicals and DIY portfolio. Business to Business (“B2B”) growth was strong across all verticals.
While input costs remained elevated, cost efficiency measures ensured PAT growth in line with revenue growth.
International subsidiaries maintained positive momentum and reported high double-digit constant currency revenue growth largely led by judicious pricing actions. Domestic subsidiaries registered good sales growth.
FINANCIAL PERFORMANCE
Consolidated Performance
Standalone Performance
Q1 2022-23:
Commenting on the quarter performance, Mr. Bharat Puri, Managing Director, Pidilite Industries Ltd, said:
“In this quarter, we have recorded robust value and volume growths which have been broad-based across businesses, categories and geographies. While input costs have continued to be high during this quarter, EBITDA margins remained constant sequentially on account of calibrated pricing, increased sales and effective cost management actions.
While the near term remains challenging, we remain cautiously optimistic on the medium term given the recent softening of input prices led by lower oil prices, a good monsoon and continued good demand conditions in the housing and home improvement sector. Our focus continues to be to deliver broad based profitable volume growth.”
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