Fevicol-maker Pidilite Industries has revealed its second quarter result for fiscal year 2025 on October 23, 2024.
The adhesives, sealants, and construction chemicals manufacturer reported a 17.8 per cent increase in profit year-on-year. Pidilite Industries registered a consolidated profit of Rs 540.30 crore in Q2 FY25 compared to Rs 458.53 crore in the same period last year.
In the first six months of FY25, Pidilite Industries' profit soared to Rs 1,111.57 crore compared to Rs 932.22 crore in April and September FY2024.
The revenue from operations of the company stood at Rs 3,234 crore for the second quarter of FY25 while the total income stood at Rs 3,292.03 crore.
According to Pidilite, the current quarter's revenue growth of 7 per cent was aided by underlying volume growth (UVG) of 8 per cent. The Consumer and Bazaar UVG stood at 6 percent with rural markets continuing to outpace urban markets, the company comments.
Pidilite Industries' gross margin increased by 376 bps over H1 FY24 on account of lower input costs. EBITDA Margins for the period are 24.6 per cent as compared to 23 per cent last year.
The company said that the working capital situation remained healthy resulting in strong cash lows.
"We continued to invest in upgrading and building new manufacturing facilities and our distribution network," it adds.
"We continue to remain optimistic for the second half as a result of the healthy monsoon, increased government spending, and growing new construction activity. While we remain watchful of the geo-political situation, we continue to significantly invest in growth-facing initiatives as well as building the supply chain of the future," Bharat Puri, managing director, Pidilite Industries shares.
