Pidilite Industries posts 8.6% growth on consolidated sales, PAT up 15.8%

Mumbai, July 30, 2016: Pidilite Industries Limited, India’s leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter ended June 30, 2016.

FINANCIAL PERFORMANCE

Consolidated Performance

å Gross sales at Rs 1,684 Cr grew by 8.6% over the same quarter last year.

å EBITDA, before non-operating income & exceptional items, stood at Rs 394 Cr for the quarter and grew by 15.2%.

å Profit after tax in current quarter is Rs 271 Cr registering a growth of 15.8% over same quarter in the last year.

Standalone Performance

å Gross sales at Rs 1,482 Cr grew by 7.1% over same quarter last year with underlying volume & mix growth being 9.3%. This was driven by 7.6% growth in value sales of Consumer & Bazaar products and 4.2% growth in value sales of Industrial Products.

å EBITDA, before non-operating income & exceptional items, at Rs 387 Cr is higher by 18.6% over the same quarter last year.

å Profit after tax at Rs 272 Cr is higher than last year by 20.3%.

MD COMMENTS

Commenting on the quarter performance, Mr. Bharat Puri, Managing Director, Pidilite Industries Ltd, said:

“In the backdrop of a challenging demand environment, we have delivered steady sales volume growth during the quarter. Benign input costs and continued focus on efficiencies have enabled good profit growth”

Corporate Comm India(CCI Newswire)