Mumbai : Pidilite Industries Limited, India’s leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter and year ended March 31, 2021.
The Consumer and Bazaar (C&B) segment registered volume and value growth in excess of forty five percent during this quarter. Robust growth was registered across all major categories like adhesives, construction chemicals and DIY segment driven by continued demand momentum in both rural and urban geographies. The Business to Business (B2B) segment posted sequential strong volume and value growth in excess of twenty six percent aided by gradual and consistent pick-up in economic activities.
Overseas subsidiaries have reported high double-digit constant currency revenue growth as well as strong earnings growth.
FINANCIAL PERFORMANCE
Consolidated Performance
The Company acquired 100% stake in Pidilite Adhesives Pvt Ltd (PAPL) [Formerly known as Huntsman Advanced Materials Solutions Private Limited (HAMSPL)] on 3rd November 2020.
Standalone Performance
Commenting on the quarter performance, Mr. Bharat Puri, Managing Director, Pidilite Industries Ltd, said:
Q4 2020-21:
“This quarter witnessed robust broad-based growth across all businesses and geographies. Despite significant challenges in FY 21, we have displayed adaptability and resilience while building capacity and capability. Gross margins continue to be impacted due to unprecedented inflation in input costs. Despite pricing and cost actions, we expect margins to remain under pressure in the coming quarters. The current second wave of the pandemic poses challenges and Pidilite remains committed to working with our partners to overcome this crisis.”
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