Q4 2025 Pidilite Industries Ltd Earnings Call Transcript

May 09, 2025 / 10:30AM GMT

Release Date Price: ₹1488.4 (+0.71%)

Transcript

Key Points

Positve

Pidilite Industries Ltd (BOM:500331) achieved a stand-alone revenue growth of 10.2% in Q4, supported by a volume growth of 9.8% across categories and geographies.
The Consumer and Bazaar segment showed an underlying volume growth of 8%, with the B2B segment reporting a strong growth of 16.4%.
Gross margins improved both sequentially and year-over-year, driven by lower input prices.
The company declared a dividend of INR20 per share, subject to shareholder approval.
Pidilite's domestic subsidiaries reported double-digit sales and EBITDA growth, indicating strong performance in the local market.

Negative

International subsidiaries experienced flat sales growth due to festive holidays impacting revenue, particularly during the Eid festival.
There was an exceptional loss of INR20 crores due to impairment of a loan to an associate entity.
Staff costs increased by 21% year-over-year, partly due to a one-time charge of INR17 crores.
The geopolitical and global economic uncertainties pose a risk to the company's growth outlook for FY26.
The company is cautious about the potential impact of prolonged geopolitical uncertainties on consumer demand.

Operator

Ladies and gentlemen, good day, and welcome to the Q4 and FY25 earnings conference call of Pidilite Industries Limited, hosted by ICICI Securities. (Operator Instructions)

I now hand the conference over to Mr. Arun Baid from ICICI Securities. Thank you, and over to you, sir.

We don't have the line for Arun, sir. We just connect him back. Mr. Arun, sir, you are connected, you may proceed.

Arun Baid;Sandeep Batra

ICICI Securities Limited - Analyst;Pidilite Industries Ltd - Chief Financial Officer, Additional

Good afternoon, ladies and gentlemen. On behalf of ICICI Securities, I welcome you all to the Q4 FY25 -- and FY25 conference call of Pidilite Industries.

From the management side, we have Mr. Sudhanshu Vats, Managing Director; Mr. Kavinder Singh, Joint Managing Director; Mr. Sandeep Batra, ED and CFO; and Mr. Dharmendra Lodha, Senior Vice President.

Now I hand over the call to Mr. Batra for his opening remarks. Then we have to follow open for question and answers. Over to you, Mr. Batra.

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