Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q3 FY26 Earnings Presentation
40 slides from Pidilite Industries's earnings presentation, Feb 3, 2026
Slide 1: Earnings Call Presentation intimation letter to exchanges
3rd February, 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 Stock
Slide 2: Pidilite
Pidilite
Slide 3: Pioneers of imagination who create better possibilities
Slide 4: Q3 FY26 Earnings Presentation
Q3’ FY 26 EARNINGS PRESENTATION 3
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 Innovation • Marketing Initiatives • Awards 2 Detailed Financial Performance • Standalone & Consolidated • Segment • Subsidiaries 3 Sustainability Journey 4 Performance Outlook 5 Company Information
Slide 8: Performance Overview
Performance Overview
Slide 9: Financial Performance – Q3 FY26
FINANCIAL PERFORMANCE – Q3 FY26 • Current quarter`s revenue growth of 11.0% is aided by UVG of 9.3%. • Consumer and Bazaar (‘C&B’) recorded UVG of 9.7%. • Business to Business (‘B2B’) recorded UVG of 7.4%. Domestic B2B continues double digit growth with UVG of 15.6% however, exports UVG declined by
Slide 10: Earnings Summary – Q3 FY26
EARNINGS SUMMARY – Q3 FY26 Standalone Consolidated Net Sales # Rs. 3,425 Cr 11.0% Rs. 3,699 Cr 10.2% EBITDA * Rs. 840 Cr 12.1% Rs. 894 Cr 12.0% PBT * Rs. 811 Cr 12.8% Rs. 846 Cr 12.4% PAT Rs. 601 Cr 12.5% Rs. 624 Cr 12.0% #Net Sales excludes Other Operating Revenue. 9 *EBITDA is before non-operating
Slide 11: Financial Performance – YTD Dec'25
FINANCIAL PERFORMANCE – YTD Dec’25 • YTD Dec’25 revenue growth of 10.7% is aided by UVG of 9.8%. • Consumer and Bazaar (‘C&B’) recorded UVG of 9.8% and Business to Business (‘B2B’) recorded UVG of 10.0%. • Gross Margin expanded by 83 bps (12.4% absolute growth) on account of benign input costs. • EB
Slide 12: Earnings Summary – YTD Dec'25
EARNINGS SUMMARY – YTD Dec’25 Standalone Consolidated Net Sales # Rs. 10,165 Cr 10.7% Rs. 10,982 Cr 10.2% EBITDA * Rs. 2,535 Cr 12.6% Rs. 2,686 Cr 12.9% PBT * Rs. 2,470 Cr 13.3% Rs. 2,550 Cr 13.4% PAT Rs. 1,837 Cr 12.8% Rs. 1,887 Cr 13.1% #Net Sales excludes Other Operating Revenue. 11 *EBITDA is be
Slide 13: New Product Introduction: Clean, Safe & Smarter Art Essentials for Kids
NEW PRODUCT INTRODUCTION Clean, Safe & Smarter Art Essentials for Kids From colouring to modelling, YUDU delivers versatile, break-resistant, washable and trend-forward art solutions for all school and hobby needs. 12
Slide 14: New Product Introduction: Liquid Additive for Floor Leveling Screed
NEW PRODUCT INTRODUCTION Liquid Additive for Floor Leveling Screed A liquid screed additive designed to deliver a smooth, level surface for tile or stone installation. 13
Slide 15: Marketing Initiatives
MARKETING INITIATIVES Pidilite Reinforces Its Core While Innovating for the New-Age Consumer Shoefix ki blessings ke saath, aapke favorite footwear ki jodi salamat rahe. 14
Slide 16: Marketing Initiatives
MARKETING INITIATIVES Roff X Fevikwik X Fevikwik X Big Boss Two Much Bihar Poll Telugu 15
Slide 17: Marketing Initiatives: Events & Exhibitions
MARKETING INITIATIVES Events & exhibitions ADDS ZAK Expo Acetech 2025 2025 2025 Showcased our latest and most innovative Pidilite Professional Solutions (PPS) showcased its innovative portfolio of integrated building solutions at range of sealant solutions at the ZAK Expo leading industry trade expo
Slide 18: Awards & Recognition
AWARDS & RECOGNITION Fevicol CPW 50 Kg packaging recognized by CII for Fevicol Jugalbandi campaign bagges 3 silver Innovative Practice Award by the CII at the 7th Digital excellence in incorporating recycled plastic into awards, 2 at E4M Maverick Awards 2025 & Transformation (DX) Awards & DX Summit
Slide 19: Awards & Recognition: Best CEO 2025
AWARDS & RECOGNITION Fortune India Names Our Chairman BEST CEO 2025 The award was presented at a ceremony graced by Union Minister Shri Piyush Goyal. 18
Slide 20: Detailed Financial Performance
Detailed Financial Performance
Slide 21: Earnings Summary – Standalone
EARNINGS SUMMARY – STANDALONE QUARTER YTD PARTICULARS Q3’ FY25 Q3’ FY26 Growth (%) YTD Dec’24 YTD Dec’25 Growth (%) Net Sales 3,085 3,425 11.0% 9,184 10,165 10.7% Material Costs 1,429 1,518 6.2% 4,261 4,631 8.7% A&SP 122 162 33.5% 319 415 30.1% Staff Costs * 384 467 21.6% 1,140 1,291 13.2% Other Exp
Slide 22: Segment Overview – Standalone
SEGMENT OVERVIEW – STANDALONE Q3 FY’26 YTD Dec’25 Consumer & Bazaar (C&B) Revenue from Rs. 2,802 Cr 12.4% Rs. 8,276 Cr 11.1% operation # PBIT^ Rs. 873 Cr 14.4% Rs. 2,597 Cr 13.5 % Business to Business (B2B) Revenue from Rs. 667 Cr 2.9% Rs. 2,048 Cr 7.7% operation # PBIT^ Rs. 116 Cr -1.5% Rs. 366 Cr
Slide 23: Segment Overview – Standalone
SEGMENT OVERVIEW – STANDALONE Consumer and Bazaar (C&B) Business to Business (B2B) • C&B segment revenue grew by 12.4% with • B2B segment witnessed growth of 2.9% for UVG at 9.7%. the quarter and 7.7% for YTD Dec’25. The project business maintained its growth • Material costs as percentage to sales
Slide 24: Domestic Subsidiaries Performance
DOMESTIC SUBSIDIARIES PERFORMANCE Q3 FY’26 YTD Dec’25 Consumer and Bazaar (C&B) Net Sales Rs. 147 Cr 13.3% Rs. 426 Cr 15.6% EBITDA * Rs. 22 Cr 27.0% Rs. 69 Cr 33.6% Business to Business (B2B) Net Sales Rs. 94 Cr -8.1% Rs. 260 Cr -1.1% EBITDA * Rs. 6 Cr -52.2% Rs. 5 Cr -67.4% *EBITDA is before except
Slide 25: Overseas Subsidiaries Performance
OVERSEAS SUBSIDIARIES PERFORMANCE Q3 FY’26 YTD Dec’25 Middle MiddleEast Eastand Africa & Africa Net Sales Rs. 85 Cr 3.2% Rs. 253 Cr 3.7% EBITDA * Rs. 8 Cr 1.5% Rs. 21 Cr 10.2% Asia Net Sales Rs. 90 Cr 8.7% Rs. 262 Cr 7.3% EBITDA * Rs. 20 Cr 25.8% Rs. 55 Cr 19.3% *EBITDA is before exceptional items.
Slide 26: Earnings Summary – Consolidated
EARNINGS SUMMARY – CONSOLIDATED QUARTER YTD PARTICULARS Q3’ FY25 Q3’ FY26 Growth (%) YTD Dec’24 YTD Dec’25 Growth (%) Net Sales 3,357 3,699 10.2% 9,964 10,982 10.2% Material Costs 1,539 1,614 4.9% 4,584 4,934 7.6% A&SP 131 171 31.3% 342 440 28.7% Staff Costs 434 526 21.2% 1,287 1,461 13.5% Other Exp
Slide 27: Sustainability Journey
SUSTAINABILITY JOURNEY
Slide 28: 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 29: 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 30: Performance Outlook
PERFORMANCE OUTLOOK
Slide 31: Performance Outlook
PERFORMANCE OUTLOOK • As we look ahead, we remain optimistic. The domestic operating environment will further improve, aided by favourable monsoons and the continued indirect impact of GST 2.0 on our demand. This coupled with the impetus given on infrastructure and urbanization in the union budget a
Slide 32: Company Information
COMPANY INFORMATION
Slide 33: 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 34: 5-Year Performance by Business Segments (Standalone)
5-YEAR PERFORMANCE BY BUSINESS SEGMENTS (STANDALONE) 84% 22% 82% 20% 82% 81% 81% 81% 20% 19% 19% 19% 80% 80% 18% 18% 78% 16% 76% 14% 74% 72% 12% 70% 10% 2020-21 2021-22 2022-23 2023-24 2024-25 2020-21 2021-22 2022-23 2023-24 2024-25 Consumer and Bazaar (C&B) Business to Business (B2B) Percentage of
Slide 35: Industry Segment Composition
INDUSTRY SEGMENT COMPOSITION 4.1% 81.2% Consumer & Pigment & Bazaar products 9.2% Preparations Industrial Resins, 18.4% Construction chemicals 0.4% Business to (Project) etc. Others Business products 5.1% 0.4% Industrial Others Adhesive 53.2% s Adhesives & Sealants 22.2% Construction & Paint Chemica
Slide 36: 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 37: Company at a Glance
COMPANY AT A GLANCE We operate in Manufacturing set ups R&D Centers 20 33 Countries Plants 8 Regional 31 4 Offices Co-Makers India 1 4 6 Singapore Regional Distribution International Centers Set-up (Thailand, Dubai, Egypt, Bangladesh, Sri Lanka & Kenya) 48 Warehouses 36 Revenue Figures are excluding
Slide 38: Company at a Glance: Revenue and Subsidiaries Details
COMPANY AT A GLANCE Revenue and Subsidiaries details DOMESTIC INTERNATIONAL 14 19 Subsidiaries Subsidiaries (Incl 1 partnership , (5 Direct, 6 associates) 14 Step down) Standalone Joint venture Rs.11,079 Cr Total Export Subsidiaries Rs.993 Cr Rs.887 Cr Subsidiaries Rs.647 Cr Revenue FY 25 8800+ 5100
Slide 39: Shareholders' Update
SHAREHOLDERS’ UPDATE Sales 14.11% 12.00% 4.56% Rebased to 100 Share Price Movement 69.33% 45% 45% 49% 43% Promoters Mutual Funds 33% FPIs Others Shareholding Pattern – 31st December 2025 FY21 FY22 FY23 FY24 FY25 Consistent Dividend Payouts 38
Slide 40: 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