Pidilite Industries Limited, India’s leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter and half year ended September 30, 2021.
This quarter recorded very strong sales volume and value growth. The business witnessed much improved consumer demand environment due to accelerated vaccinations, reduced COVID infections and increased mobility.
Growth was broad based across Consumer and Bazaar (‘C&B’) and Business to Business (‘B2B’) segments as well as Urban and Rural geographies. C&B reported growth across all categories such as adhesives, construction chemicals and DIY portfolio. B2B growth led by continued momentum in industrial activities.
Gross Margins have contracted on account of sharp escalation and volatility in input costs. Calibrated pricing actions and a focus on costs and operational efficiencies have led us to have maintained EBITDA margins in our historic range.
While Domestic subsidiaries in C&B business returned to double digit growth led by higher sales in premium products, subsidiaries in B2B business have improved sequentially on account of recovery in real estate and construction related activities.
