Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q2 FY27 Earnings Presentation
42 slides from Pidilite Industries's earnings presentation, Oct 28, 2026
Slide 1: Stock exchange intimation letter
Date: 28th October, 2026 The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code – 500331
Slide 2: Pidilite
Pidilite
Slide 3: Pioneers of imagination who create better possibilities
Slide 4: Q2 FY27 Earnings Presentation
Q2 FY 27 EARNINGS PRESENTATION
Slide 5: Our Brands
OUR BRANDS CORE GROWTH Joineries PIONEER
Slide 6: Disclaimer
DISCLAIMER This presentation may contain statements which reflect the management’s current views and estimates and could be construed as forward-looking statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from the current views being e
Slide 7: Index
INDEX 1 Performance Overview • Financial Performance • New Product Introduction • Marketing Initiatives • Awards & Recognition 2 Detailed Financial Performance • Standalone • Segment • Subsidiaries • Consolidated 3 Sustainability Journey 4 Performance Outlook 5 Company Information
Slide 8: Performance Overview
Performance Overview
Slide 9: Financial Performance – Q2 and H1 FY27 Standalone
FINANCIAL PERFORMANCE – Q2 and H1 FY27 STANDALONE Q2 FY27 Performance: • Net Sales at Rs 3,982 Cr grew by 21.7% with Underlying Volume Growth (UVG) of 10.7%. • Consumer and Bazaar (‘C&B’) revenue grew by 20.7% with UVG of 11.1%. • Business to Business (‘B2B’) revenue grew by 21.8% with UVG of 9.2%.
Slide 10: Earnings Summary – Standalone
EARNINGS SUMMARY – STANDALONE Q2 FY27 H1 FY27 Net Sales # Rs 3,982 Cr 21.7% Rs 8,219 Cr 22.0% EBITDA */ Rs 811 Cr Rs 1,932 Cr 0.5% 14% (20.4%) (23.5%) ( Margin %) PBT * Rs 842 Cr 8.0% Rs 1,962 Cr 18.2% PAT Rs 647 Cr 10.4% Rs 1,477 Cr 19.5% #Net Sales excludes Other Operating Revenue. 9 *EBITDA is be
Slide 11: Financial Performance – Q2 and H1 FY27 Consolidated
FINANCIAL PERFORMANCE – Q2 and H1 FY27 CONSOLIDATED Q2 FY27 Performance: • Net Sales at Rs 4,285 Cr grew by 21.1%. • Domestic subsidiaries grew by 22.2%. • International subsidiaries grew by 21.8%. • EBITDA grew by 3.1% over Q2 FY26, with EBITDA Margin at 20.5%. • PAT grew by 7.1% H1 FY27 Performanc
Slide 12: Earnings Summary – Consolidated
EARNINGS SUMMARY – CONSOLIDATED Q2 FY27 H1 FY27 Net Sales # Rs 4,285 Cr 21.1% Rs 8,826 Cr 21.2% EBITDA */ Rs 878 Cr 3.1% Rs 2,071 Cr 15.6% (Margin %) (20.5%) (23.5%) PBT * Rs 829 Cr 5.3% Rs 2,005 Cr 17.6% PAT Rs 626 Cr 7.1% Rs 1,510 Cr 19.6% #Net Sales excludes Other Operating Revenue. 11 *EBITDA is
Slide 13: New Product Introduction: Araldite
NEW PRODUCT INTRODUCTION Araldite Together, these products address specialized, high-value segments— woodworking and premium stone installations—where performance, aesthetics, and ease of use drive buying decisions. They offer clear differentiation through color matching, faster application cycles,
Slide 14: New Product Introduction: Dr. Fixit
NEW PRODUCT INTRODUCTION Dr. Fixit Kwik N Ezee is a transparent patch repair waterproof PU Based Coating for DIY Roof and Exterior Crack Repair. Easy to use without any breakage and can be applied easily with the brush present inside the pack across multiple types of surfaces. It is quick drying and
Slide 15: Marketing Initiatives: Roff campaign
MARKETING INITIATIVES Roff rolled out a campaign, 'Jailer', to highlight the importance of choosing the right tile installation system for long-lasting performance. 14
Slide 16: Marketing Initiatives: Dr. Fixit campaign
MARKETING INITIATIVES Dr. Fixit prescribes a dose of waterproofing in its latest humour-led campaign 15
Slide 17: Marketing Initiatives: Fevicol MR Spider-Man collection
MARKETING INITIATIVES Fevicol MR launched a limited-edition Spider-Man collection in collaboration with Marvel 16
Slide 18: Marketing Initiatives: Cultural Integrations
MARKETING INITIATIVES Cultural Integrations Dr. Fixit supports Warkaris at Pandharpur Wari with on-ground monsoon initiative 17
Slide 19: Marketing Initiatives: Cultural Integrations
MARKETING INITIATIVES Cultural Integrations Faith Meets Ingenuity: M-Seal Became Kawad Yatra 2026’s Unsung Hero 18
Slide 20: Marketing Initiatives: Events & Exhibitions
MARKETING INITIATIVES Our impactful events & exhibitions PIL IP X PIL IP PPS PPS X X ITPO X Productronica Design Footwear Design Directories Dialogues 19
Slide 21: Awards & Recognition
AWARDS & RECOGNITION Fevicol Kursi Pe Nazar Fevikwik Anniversary Fevicol IPL 2026 Pidilite & Jiostar Tribute to X X X Piyush Pandey IAA IAA DG+ X DG+ Won the INDIAA Awards 2026 Won in the Home Care Won Gold under the Won Gold under the in the category of Home Décor, Essentials, Miscellaneous “Excell
Slide 22: Detailed Financial Performance
Detailed Financial Performance
Slide 23: Earnings Summary – Standalone
EARNINGS SUMMARY – STANDALONE In Crs Q2 H1 PARTICULARS FY26 FY27 Growth (%) FY26 FY27 Growth (%) Net Sales 3,272 3,982 21.7% 6,740 8,219 22.0% Material Costs 1,497 2,106 40.7% 3,113 4,118 32.3% A&SP 141 123 -12.6% 253 276 9.1% Staff Costs 414 449 8.5% 824 903 9.6% Other Expenses 429 505 17.8% 882 1,
Slide 24: Segment Overview – Standalone
SEGMENT OVERVIEW – STANDALONE Q2 FY 27 H1 FY27 Consumer & Bazaar (C&B) Revenue from Rs 3,198 Cr 20.7% Rs 6,656 Cr 21.6% operation # PBIT^ Rs 841 Cr 2.5% Rs 1,968 Cr 14.1% Business to Business (B2B) Revenue from Rs 820 Cr 21.8% Rs 1,641 Cr 18.8% operation # PBIT^ Rs 115 Cr -3.4% Rs 285 Cr 13.7% #Reve
Slide 25: Segment Overview – Standalone
SEGMENT OVERVIEW – STANDALONE Consumer and Bazaar (C&B) Business to Business (B2B) • C&B segment revenue grew by 20.7% for the • B2B segment grew by 21.8% for the quarter. quarter • PBIT declined by 3.4%. • PBIT grew by 2.5%. 24
Slide 26: Domestic Subsidiaries Performance
DOMESTIC SUBSIDIARIES PERFORMANCE Q2 FY27 H1 FY27 Consumer and Bazaar (C&B) Net Sales Rs 178 Cr 22.1% Rs 333 Cr 19.5% EBITDA */ Rs 30 Cr Rs 56 Cr 18.5% 19.0% (16.7%) (16.8%) (Margin %) Business to Business (B2B) Net Sales Rs 94 Cr 22.4% Rs 186 Cr 12.2% Rs 1 Cr Rs 7 Cr EBITDA * (0.8%) 112.9% (3.6%) 7
Slide 27: Overseas Subsidiaries Performance
OVERSEAS SUBSIDIARIES PERFORMANCE Q2 FY27 H1 FY27 Middle MiddleEast Eastand Africa & Africa Net Sales Rs 119 Cr 25.3% Rs 212 Cr 16.8% EBITDA */ Rs 16 Cr Rs 31 Cr 120.2% (13.8%) 131.7% (14.4%) (Margin %) Asia Net Sales Rs 107 Cr 18.1% Rs 211 Cr 17.1% Rs 23 Cr Rs 48 Cr EBITDA * (21.4%) 19.9% (22.9%) 2
Slide 28: Earnings Summary – Consolidated
EARNINGS SUMMARY – CONSOLIDATED In Crs Q2 H1 PARTICULARS FY26 FY27 Growth (%) FY26 FY27 Growth (%) Net Sales 3,540 4,285 21.1% 7,283 8,826 21.2% Material Costs 1,598 2,211 38.3% 3,320 4,329 30.4% A&SP 150 132 -11.8% 268 292 8.9% Staff Costs 471 511 8.6% 935 1,026 9.8% Other Expenses 485 566 16.7% 99
Slide 29: Sustainability Journey
SUSTAINABILITY JOURNEY
Slide 30: Sustainability Journey – Approach
SUSTAINABILITY JOURNEY - APPROACH Proactive approach to integrate sustainability into business strategy Environment Social Governance Our Core Combatting Climate Change & Servicing People and Responsible Value Pillars Sustainable Innovation Communities Creation 2025 - 2027 2027 - 2029 2030 Future Ac
Slide 31: Sustainability Journey – KPIs
SUSTAINABILITY JOURNEY – KPI’s The execu on of iden fied ac ons delivering measurable outcomes Environment Social Governance Our Core Combatting Climate Change & Servicing People and Responsible Value Pillars Sustainable Innovation Communities Creation Water Use Intensity Renewable Energy Mix Compari
Slide 32: Performance Outlook
PERFORMANCE OUTLOOK
Slide 33: Performance Outlook
PERFORMANCE OUTLOOK We sustained the growth momentum in Q2 FY 27 with broad-based, double-digit UVG leading to 20% plus revenue growth. Despite very high material inflation, amidst unprecedented volatility and uncertainty we delivered steady margins in H1 FY27 . We remain confident to continue t
Slide 34: Company Information
COMPANY INFORMATION
Slide 35: Creating Values by Creating Categories
CREATING VALUES BY CREATING CATEGORIES CORE GROWTH PIONEER Established Brands Emerging categories with Nascent Categories with high market significant potential for with huge market maturity and strong market growth or share gain creation opportunity share position 100 Crores revenue 1-2X GDP 2-4X G
Slide 36: 5-Year Performance by Business Segments (Standalone)
5-YEAR PERFORMANCE BY BUSINESS SEGMENTS (STANDALONE) 22% 84% 20% 82% 20% 82% 82% 19% 19% 80% 81% 81% 18% 80% 18% 18% 78% 16% 76% 14% 74% 12% 72% 70% 10% 2021-22 2022-23 2023-24 2024-25 2025-26 2021-22 2022-23 2023-24 2024-25 2025-26 Consumer and Bazaar (C&B) Business to Business (B2B) Percentage of
Slide 37: Industry Segment Composition
INDUSTRY SEGMENT COMPOSITION 3.4% 81.6% Consumer & Pigment & Bazaar products 9.7% Preparations Industrial Resins, 18.0% Construction chemicals 0.4% Business to (Project) etc. Others 4.9% Business Industrial Adhesives products 0.4% 5.6% Others Art & Craft materials and 53.4% Others Adhesives & Sealan
Slide 38: Company at a Glance: Our Journey
COMPANY AT A GLANCE Our Journey Brand established in 1959 Pioneer in Consumer & Specialty Chemicals Adhesives & sealants, construction chemicals, art & craft products & polymer emulsions Among the most trusted brands in the country. Other big brands include M-Seal, Fevikwik, Fevistik, Roff, Dr. Fixi
Slide 39: Company at a Glance
COMPANY AT A GLANCE We operate in Manufacturing set ups R&D Centers 80+ 32 Countries Plants 8 Regional 29 5 Offices Co-Makers India 1 3 6 Singapore Regional Distribution International Centers Set-up (Thailand, Dubai, Egypt, Bangladesh, Sri Lanka & Kenya) 45 Warehouses 38
Slide 40: Company at a Glance: Revenue (FY26) details
COMPANY AT A GLANCE Revenue (FY 26) details DOMESTIC INTERNATIONAL Subsidiaries Subsidiaries 15 (Incl 1 partnership) 19 (5 Direct, 14 Step down) 6 Associates 1 Joint Venture Standalone Export (Standalone) Rs 12,570 Cr Rs 918 Cr Subsidiaries Subsidiaries Rs 952 Cr Rs 715 Cr Revenue Figures are exclud
Slide 41: Shareholders' Update
SHAREHOLDERS’ UPDATE 14.48% 12.42% 3.92% Rebased to 100 Share Price Movement 69.18% 70% Promoters Mutual Funds 49% 43% 45% 45% FPIs Others Shareholding Pattern – 30th September 2026 FY22 FY23 FY24 FY25 FY26 FY 26: This includes a special interim dividend of Rs 5 (post bonus) making total dividend pa
Slide 42: Investor Contact
INVESTOR CONTACT CIN : L24100MH1969PLC014336 investor.relations@pidilite.co.in Manisha Shetty [Company Secretary] Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Disclaimer: This presentation may contain statements which reflect the management’s current views and