Highlights

• Volume Growth Continues: Pidilite reported Q4FY26 UVG of 15.3% with higher sales growth.
• Margins Improve Further: EBITDA margin expanded due to lower input costs during the quarter.
• Dividend Proposal Announced: Company proposed final dividend of ₹11.5 per share for FY26.

Pidilite Industries Limited (NSE:PIDILITIND) reported standalone net sales of ₹3,272 crore for Q4FY26, rising 15.3% compared to ₹2,839 crore in Q4FY25. The company reported underlying volume growth (UVG) of 15.3% during the quarter.

Earnings before interest, tax and depreciation (EBITDA) increased 31.1% to ₹766 crore from ₹584 crore last year. EBITDA margin improved to 23.4% from 20.6% in the corresponding quarter previous year. Profit after tax increased 22.8% to ₹547 crore from ₹446 crore.

For FY26, standalone net sales rose 11.8% to ₹13,437 crore, while profit after tax increased 15% to ₹2,384 crore. EBITDA margin for the full year improved to 24.6% from 23.6% in FY25.

Consolidated Business Performance

On a consolidated basis, net sales for Q4FY26 stood at ₹3,572 crore compared to ₹3,130 crore in Q4FY25, reflecting growth of 14.1%. Consolidated EBITDA increased 31.6% to ₹833 crore, while profit after tax rose 36.6% to ₹584 crore. EBITDA margin improved to 23.3% from 20.2% in the same quarter previous year.

The company said gross margins improved due to lower input costs during the quarter. Consolidated full-year revenue increased 11.1% to ₹14,553 crore, while annual profit after tax rose 17.9% to ₹2,471 crore.

Segment-Wise Update

The Consumer and Bazaar (C&B) segment reported revenue growth of 15.9% in Q4FY26 with UVG of 15.4%. Segment revenue stood at ₹2,561 crore compared to ₹2,208 crore in Q4FY25. EBIT margin for the segment improved to 30.6% from 26.4%.

The Business-to-Business (B2B) segment reported revenue growth of 9.3% during the quarter. Revenue stood at ₹752 crore against ₹688 crore last year. The company stated that project business maintained growth momentum, while industrial product exports were impacted due to the Middle East conflict.

Source: Company Filing

Management Commentary

Managing Director Sudhanshu Vats said the company delivered mid-teens UVG and revenue growth with margin expansion during the quarter. He added that the Consumer & Bazaar segment continued to accelerate, while the B2B segment showed steady progress despite external challenges. The company said it remains focused on volume-led growth, innovation, brand investments and supply chain strengthening.

Share Performance

Pidilite Industries Limited (NSE:PIDILITIND) shares traded around ₹1,480 during the session, rising 2.07% from the previous close of ₹1,450.40. The stock touched an intraday high of ₹1,515 and a low of ₹1,472.10. The company continues to trade at a premium valuation with trailing PE above 50 quarters based on exchange data.

Source: tradingView

Risks

Input cost increase may affect future margin expansion.
Global supply disruptions may impact raw material availability.
Export business may remain affected by geopolitical tensions.
Higher valuation multiples may increase stock price volatility.

Summary

Pidilite Industries reported Q4FY26 standalone revenue growth of 15.3% with underlying volume growth at the same level. EBITDA margins improved due to lower input costs, while profit after tax increased 22.8%. Consumer and Bazaar business led segment growth, while B2B operations reported steady expansion. The company also proposed a final dividend of ₹11.5 per share for FY26.

FAQs

Q: What was Pidilite Industries’ revenue growth in Q4FY26?
A: The company reported standalone revenue growth of 15.3% during Q4FY26 compared to the previous year.

Q: What dividend has Pidilite proposed for FY26?
A: Pidilite Industries proposed a final dividend of ₹11.5 per share subject to shareholder approval at AGM.

Q: Which segment reported higher growth for Pidilite in Q4FY26?
A: The Consumer and Bazaar segment reported 15.9% revenue growth during the fourth quarter of FY26.