Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q1 FY2025 Earnings Presentation
23 slides from Pidilite Industries's earnings presentation, Aug 7, 2024
Slide 1: Cover letter to stock exchanges
7th August, 2024 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 C
Slide 2: Q1 FY25 Earnings Presentation
Q1’ FY 25 Earnings Presentation 1
Slide 3: Our Brands
OUR BRANDS FAVICDL revikwi® meseal’ off an a a > Araldite BET wo el LITOKOL
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 ➢ Delivered double digit UVG despite election related impact as well as severe heat wave conditions in most parts of the country. Value growth lagged UVG due to pricing actions taken as a result of softer input prices. ➢ B2B businesses reported UVG of 18% driven by both Domestic
Slide 6: Performance Overview
PERFORMANCE OVERVIEW ➢ We continued to invest in our brands, upgrading and building new manufacturing facilities and expanding our distribution network. ➢ The Working Capital situation remained healthy and in absolute terms lower than March 24 resulting in strong cash flows. ➢ Given a healthy monsoo
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS 6
Slide 8: Earnings Summary Q1 FY25
EARNINGS SUMMARY Q1’ FY25 NET SALES# EBITDA* PBT* PAT CONSOLIDATED Rs. 3,384 Cr Rs. 813 Cr Rs. 770 Cr Rs. 571 Cr YOY GROWTH 3.7% 15.0% 19.5% 20.6% STANDALONE Rs. 3,134 Cr Rs. 771 Cr Rs. 742 Cr Rs. 552 Cr YOY GROWTH 6.2% 14.9% 17.8% 18.0% #Comparable Consolidated Net Sales growth (excluding Pidilite
Slide 9: Segment Summary - Standalone
SEGMENT SUMMARY - STANDALONE (in INR Crores) Sr. No. PARTICULARS Q1 24 Q1 25 Growth (%) 1 Segment Sales a) C&B 2,424 2,557 5.5% b) B2B 576 629 9.1% c) Others 22 13 -40.1% Total 3,021 3,198 5.8% Less : Inter Segment Sales 70 64 -8.2% Net Sales 2,952 3,134 6.2% 2 Segment Results (PBIT)^ a) C&B 687 779
Slide 10: Overseas Subsidiaries Performance Q1 FY25
OVERSEAS SUBSIDIARIES PERFORMANCE Q1 FY’25 (in INR Crores) Asia Sales 78.4 78.3 EBITDA 6% 13.6 12.8 Middle East and Africa Sales 20% EBITDA 80% 72.8 60.7 7.8 4.3 i) The above numbers are at constant currency, excluding translation and consolidation adjustments. ii) Amounts in ‘bold ‘denotes CY 9 iii
Slide 11: Domestic Subsidiaries Performance Q1 FY25
DOMESTIC SUBSIDIARIES PERFORMANCE Q1 FY’25 (in INR Crores) NET SALES EBITDA 150 2% 4% 40 19% 7% 112.1 114.6 30 100 88.3 84.4 19.1 20 15.4 50 10 4.7 4.4 0 0 C&B B2B C&B B2B Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 EBITDA is before exceptional items. Figures are reported excluding consolidation adjustments
Slide 12: 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 13: 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 14: Company at a Glance
COMPANY AT A GLANCE Brand established in Adhesives & sealants, History of creating Among the most trusted brands 1959 construction chemicals, strong brands in the country. Other big brands Pioneer in Consumer & art & craft products & include M-Seal, Fevikwik, Fevistik, Specialty Chemicals polymer em
Slide 15: Domestic Presence
DOMESTIC PRESENCE INDIA OPERATIONS 6,100+ SKUs of 850+ products Domestic Revenue of Rs. 10,342 Cr for FY24 33 plants, 32 Co-makers 5,350+ distributors 45 warehouses 7 regional offices & 5 RDCs 13 domestic subsidiaries (including 1 partnership firm) and 6 associates 14
Slide 16: Creating Value by Creating Categories
Creating Value by Creating Categories © 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 GDP... 100 Crores revenue in 3
Slide 17: 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 18: Connecting Digitally
CONNECTING DIGITALLY Mumbai Coastal Road Surat Diamond Bourse 17
Slide 19: Celebrating Occasions - Digital Way
CELEBRATING OCCASSIONS- DIGITAL WAY 18
Slide 20: Share Holding Pattern - 30th June 2024
SHARE HOLDING PATTERN- 30th June 2024 15.12% Promoters Mutual Funds 11.58% FPIs Others 3.55% 69.75% 19
Slide 21: Share Price Movement
SHARE PRICE MOVEMENT 130 125 120 115 110 105 100 95 90 85 80 Pidilite Sensex Rebased to 100 20
Slide 22: 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 FY 24: Final dividend of Rs. 16.0 per share (Dividend Payout - 45.4%), subject to approval of shareholders at the AGM. Note: The Net Profit considered for above calculation is excluding exceptio
Slide 23: 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 22
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