Home
>
Articles
>
Pidilite Results: Pidilite Quarterly Results- Q2, FY(2021-22) News & Review

Pidilite Results: Pidilite Quarterly Results- Q2, FY(2021-22) News & Review

Last updated: 11 Nov, 2021 | 09:59 am

Pidilite Results: Pidilite Quarterly Results- Q2, FY(2021-22) News & Review

Net Profit beats estimates: Pidilite Industries reported a consolidated net profit of Rs 374.6 crore for the quarter ended September. The net profit was up 5.1% on-year basis beating estimates. Analysts had estimated net profit around Rs 330 crore. Sequentially profits rose by 70% from Rs 220 crore in the last quarter.

Revenue rises: Pidilite Industries' revenue rose 39.7% on year to Rs 2,626.3 crore beating estimates. Analysts had predicted the company's revenue of Rs 2,355 crore for the quarter ended Sept. Sequentially revenue rose by 35.6% from Rs 1,937 crore in the last quarter.

Operating performance: The company's EBITDA stood at Rs 549.6 crore in the July-September period, up by 7% over Rs 512.6 crore in the same quarter last year. The EBITDA margin came in at 20.9% as against 27.3% in the last year period. Analysts had estimated Pidilite Industries' EBITDA at Rs 475 crore and EBITDA margin at 20.2%. Gross Margins have contracted on account of sharp escalation and volatility in input costs. 

Pidilite Q2 results highlights: 

Segment Revenue: Revenue from Pidilite Industries' Consumer and Bazaar business increased 39.5% on year and B2B segment saw growth of 41.2%. Growth was broad based across both segments as well as urban and rural geographies. C&B reported growth across all categories such as adhesives, construction chemicals and DIY portfolio while B2B growth led by continued momentum in industrial activities. 

Pidilite Q2 results review: 

Pidilite has reported stellar results beating street estimates. The quarter recorded very strong sales volume and value growth across categories, businesses, and geographies. The business witnessed a much improved consumer demand environment due to accelerated vaccinations, reduced COVID infections and increased mobility. However,  commodity inflation and supply availability remains a significant challenge. Going forward the company remains cautiously optimistic on continuing robust demand conditions. 

The company informed that Pradip Menon CFO has given notice of resignation from the services of the company. He will continue in his current position as CFO until the close of business hours of 20 December 2021. 

We are a SEBI registered investement advisor
Mutual Funds watchlist
aditya birla sun life flexi cap fund growth direct plan|ABSL low duration fund direct growth|axis bluechip fund direct growth|axis capital builder fund series 4|axis balanced advantage fund direct growth|axis equity saver fund direct growth|axis multicap fund direct growth|axis global innovation fund of fund direct growth|axis long term equity fund growth NAV|axis quant fund direct growth|axis small cap fund direct growth|axis value fund direct growth|baroda dynamic equity fund direct growth|BOI AXA bluechip fund|canara robeco flexi cap fund direct growth|canara robeco small cap fund direct growth|canara robeco value fund direct growth|DSP quant fund direct|franklin india smaller companies fund direct growth|HDFC arbitrage fund direct growth|HDFC balanced advantage fund direct growth|HDFC developed world index fund NAV|HDFC flexi cap fund direct growth|HDFC housing opportunities fund direct growth|HDFC hybrid equity fund direct growth|HDFC nifty 50 index fund|HDFC index fund sensex plan|HDFC mid cap opportunities direct plan growth|HDFC multi asset fund direct growth|HDFC small cap fund direct growth|HDFC top 100 fund direct growth|HSBC midcap fund direct growth|ICICI prudential balanced advantage fund|ICICI bluechip fund direct growth NAV|ICICI prudential commodities fund direct plan growth|ICICI nasdaq 100 fund direct growth|ICICI nifty next 50 index fund direct growth|ICICI small cap fund direct growth|ICICI prudential technology direct plan growth calculator|ICICI ultra short term fund direct growth|IDBI india top 100 equity fund direct growth|IDBI small cap fund direct growth|idfc us equity fund of fund direct growth|kotak short term fund direct growth|kotak emerging equity fund direct growth|kotak multicap fund direct growth|kotak global innovation fund of fund NAV|kotak gold fund direct growth|kotak savings fund direct growth|kotak small cap fund direct growth|L&T emerging businesses fund direct growth|mirae asset large cap fund direct growth|mirae asset midcap fund|motilal oswal nasdaq 100 fund of fund|navi nifty 50 index fund direct growth|nippon india banking and financial services fund direct growth|nippon banking fund direct|nippon india flexi cap fund NAV|nippon india large cap fund direct growth|nippon india pharma fund direct growth|nippon india small cap fund direct growth|PGIM small cap fund direct growth|quant flexi cap fund direct growth|quant infrastructure fund direct growth|quant tax plan direct plan growth|SBI bluechip fund direct growth|SBI corporate bond fund direct growth|SBI equity minimum variance fund direct growth|SBI flexi cap fund|SBI magnum children's benefit fund investment direct plan|SBI nifty index fund direct growth|SBI small cap fund direct growth|SBI technology opportunities fund direct growth|tata banking and financial services fund direct plan growth|tata business cycle fund|tata technology fund direct growth|tata equity pe fund direct growth|tata ethical fund direct growth NAV|tata focused fund direct growth|tata index fund nifty direct plan|tata india tax savings fund direct plan growth|UTI focused equity fund direct growth|UTI nifty index fund direct growth NAV|UTI nifty 50 index fund direct growth