Pidilite Industries delivered exceptional fourth quarter results that significantly exceeded market expectations. According to reports from CNBC TV18, the company's profit after tax (PAT) increased 37% to ₹584.2 crore from the previous year's ₹427.5 crore, surpassing the CNBC-TV18 poll estimate of ₹535 crore. The company's revenue grew 14% to ₹3,585 crore compared to ₹3,141.1 crore last year, also beating Street estimates of ₹3,487 crore. EBITDA increased 32% to ₹833 crore from ₹633 crore last year, surpassing Street estimates of ₹763 crore. The company's margins expanded to 23.2% from 20.1% in the year-ago period, exceeding the CNBC-TV18 poll estimate of 22%.
The company demonstrated strong operational efficiency with margins expanding to 23.2% from 20.1% in the year-ago period, exceeding the CNBC-TV18 poll estimate of 22%. As reported by CNBC TV18, Pidilite's consumer business grew 15.4% compared to expectations of 9.5%-11.5%, while B2B business volumes grew 14.8% from last year despite external challenges. The company expects domestic demand momentum to continue even as it manages 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 and have risen 7.8% in the past month, according to CNBC TV18 reports. The strong market performance reflects investor confidence in the company's robust quarterly results and positive outlook for continued domestic demand momentum.
