Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q3 FY2025 Earnings Presentation
25 slides from Pidilite Industries's earnings presentation, Jan 22, 2025
Slide 1: Exchange intimation letter for Earnings Presentation
22nd January, 2025 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 Stock
Slide 2: Q3 FY25 Earnings Presentation
Q3’ FY 25 Earnings Presentation 1
Slide 3: Our Brands
OUR BRANDS Fete reviii® weseal RoffAs rn a ee > | Araldite EET wo el LITOKOL @eupy Jowats ICA | Pidilite|
Slide 4: 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 5: Performance Overview
PERFORMANCE OVERVIEW ➢ Current quarter’s revenue growth of 9.3% was aided by 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, p
Slide 6: Performance Overview
PERFORMANCE OVERVIEW ➢ Domestic subsidiaries delivered double digit revenue growth with improvement in EBITDA margins. ➢ Owing to global economic uncertainty, inflation and political instability in some countries, International subsidiaries (excluding Pidilite USA and Pulvitec Brazil) reported modes
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS 6
Slide 8: Earnings Summary Q3 FY25
EARNINGS SUMMARY Q3’ FY25 NET SALES# EBITDA* PBT* PAT CONSOLIDATED Rs. 3,357 Cr Rs. 798 Cr Rs. 752 Cr Rs. 557 Cr YOY GROWTH 7.6% 7.5% 9.4% 9.0% STANDALONE Rs. 3,085 Cr Rs. 749 Cr Rs. 718 Cr Rs. 535 Cr YOY GROWTH 9.3% 5.7% 3.5% 2.2% #Comparable Consolidated Net Sales growth (excluding Pidilite USA an
Slide 9: Earnings Summary 9M FY25
EARNINGS SUMMARY 9M’ FY25 NET SALES# EBITDA* PBT* PAT CONSOLIDATED Rs. 9,964 Cr Rs. 2,380 Cr Rs. 2,247 Cr Rs. 1,669 Cr YOY GROWTH 5.5% 11.8% 15.0% 15.6% STANDALONE Rs. 9,184 Cr Rs. 2,251 Cr Rs. 2,180 Cr Rs. 1,628 Cr YOY GROWTH 7.5% 11.3% 12.8% 12.7% #Comparable Consolidated Net Sales growth (excludi
Slide 10: Segment Summary - Standalone
SEGMENT SUMMARY - STANDALONE (in INR Crores) Sr. Quarter Ended 9M Ended PARTICULARS No. Dec'23 Dec'24 Growth (%) Dec'23 Dec'24 Growth (%) 1 Segment Sales a) C&B 2,324 2,486 6.9% 7,017 7,428 5.9% b) B2B 532 642 20.8% 1,639 1,884 15.0% c) Others 10 13 37.5% 49 41 -16.7% Total 2,866 3,141 9.6% 8,705 9,
Slide 11: Overseas Subsidiaries Performance Q3 FY25
OVERSEAS SUBSIDIARIES PERFORMANCE Q3 FY’25 (in INR Crores) Asia 5% Sales 76.3 80.3 EBITDA 15.3 15.3 Middle East and Africa 7% EBITDA 4% Sales 7.7 74.0 79.2 7.4 i) The above numbers are at constant currency, excluding translation and consolidation adjustments. ii) Amounts in ‘bold ‘denotes CY 10 iiii
Slide 12: Overseas Subsidiaries Performance 9M FY25
OVERSEAS SUBSIDIARIES PERFORMANCE 9M FY’25 (in INR Crores) Asia Sales 3% 230.2 236.8 7% EBITDA 44.3 41.5 Middle East and Africa 16% 19% Sales EBITDA 234.2 202.2 22.1 18.7 i) The above numbers are at constant currency, excluding translation and consolidation adjustments. ii) Amounts in ‘bold ‘denotes
Slide 13: Domestic Subsidiaries Performance Q3 FY25
DOMESTIC SUBSIDIARIES PERFORMANCE Q3 FY’25 (in INR Crores) NET SALES EBITDA 200 20% 13% 133% 327% 30 160 129.6 120 108.3 103.1 17.2 91.0 15 13.1 80 7.4 40 3.1 0 0 C&B B2B C&B B2B Q3 FY 24 Q3 FY 25 Q3 FY 24 Q3 FY 25 EBITDA is before exceptional items. Figures are reported excluding consolidation adju
Slide 14: Domestic Subsidiaries Performance 9M FY25
DOMESTIC SUBSIDIARIES PERFORMANCE 9M FY’25 (in INR Crores) NET SALES EBITDA 600 3% 5% 100 6% 92% 80 450 357.8 368.9 60 54.5 51.4 300 250.2 263.3 40 150 16.6 20 8.7 0 0 C&B B2B C&B B2B 9M FY 24 9M FY 25 9M FY 24 9M FY 25 EBITDA is before exceptional items. Figures are reported excluding consolidation
Slide 15: Industry Segment Composition
INDUSTRY SEGMENT COMPOSITION 3.4% 82.5% 8.4% Consumer & Pigment & Bazaar products Industrial Resins, Preparations Construction chemicals (Project) etc. 17.0% Business to Business 0.5% products Others 5.2% 0.5% Industrial Others Adhesives 6.0% Art & Craft Materials etc. 55.5% Adhesives & 21.0% Sealan
Slide 16: 5-Year Performance by Business Segments (Standalone)
5-Year Performance by Business Segments (Standalone) Numbers represent Percentage of Total Sales Consumer and Bazaar (C&B) Business to Business (B2B) B2B includes Others also 84% 22% 82% 20% 20% 82% 81% 81% 20% 19% 19% 80% 80% 80% 18% 18% 78% 16% 76% 14% 74% 72% 12% 70% 10% 2019-20 2020-21 2021-22 2
Slide 17: Company at a Glance
COMPANY AT A GLANCE Brand established in 1959 Adhesives & sealants, History of creating Among the most trusted brands Pioneer in Consumer & construction chemicals, strong brands in the country. Other big brands Specialty Chemicals art & craft products & include M-Seal, Fevikwik, Fevistik, polymer em
Slide 18: Creating Value by Creating Categories
Creating Value by Creating Categories 0 CORE GROWTH PIONEER Established Brands Emerging categories Nascent Categories with high market with significant potential with huge market maturity and strong for market growth or creation opportunity share position share gain 1-2X GDP 2-4X GDR__ 100 Crores re
Slide 19: Marketing & Advertising
MARKETING & ADVERTISING Consistent and effective brand building activities across various categories a. Consumer Adhesives & Sealants b. Craftsmen Adhesives c. Waterproofing Chemicals d. Hobby & Craft Colours Several of the brands are well-known in respective categories (Fevicol, Fevikwik , M-Seal,
Slide 20: Connecting Digitally
CONNECTING DIGITALLY Mumbai Coastal Road Surat Diamond Bourse 19
Slide 21: Celebrating Occasions - Digital Way
CELEBRATING OCCASSIONS- DIGITAL WAY 20
Slide 22: Share Holding Pattern - 31st December 2024
SHARE HOLDING PATTERN- 31st December 2024 14.56% Promoters Mutual Funds 11.79% FPIs 4.05% 69.60% Others 21
Slide 23: Share Price Movement
SHARE PRICE MOVEMENT 130 125 120 115 110 105 100 95 90 85 80 Pidilite Sensex Rebased to 100 22
Slide 24: Consistent Dividend Payouts
CONSISTENT DIVIDEND PAYOUTS 50% 44.5% 45.4% 42.7% 39.9% 40% 36.9% 30% 20% 10% 0% FY20 FY21 FY22 FY23 FY24 Note: The Net Profit considered for above calculation is excluding exceptional items 23
Slide 25: Investor Relations
CIN : L24100MH1969PLC014336 Investor Relations Investor.relations@pidilite.co.in Manisha Shetty [Company Secretary] Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 28357949 Fax : +91 22 28216007 24
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