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India
Reported ownership for FY2027-Q1 as of 2026-06-30.
As of 06 Nov 2026, 03:30 pm
In Q2 FY27, VAM consumption rates rose to $1,630 from $800-$900 in FY26, pressuring gross margins. To maintain profitability within a 20-24% EBITDA corridor, the company implemented a 12-15% price hike on major brands like Fevicol and Dr. Fixit effective October 1, with an additional 3-5% increase planned for high-inflation areas.
Standalone revenue was under ₹4,000 crores, reflecting 21.7% nominal growth driven by 10.7% underlying volume growth. Despite margin headwinds, H1 EBITDA margin remained strong at 23.5%. Management expressed confidence in targeting the higher end of the 20-24% EBITDA margin range for H2 FY27.
As of November 6, 2026, the stock closed at ₹1,579.0. Immediate resistance is seen at ₹1,581.0 (0.13% above), while key support levels include ₹1,567.3 (0.74% below) and ₹1,553.0 (pivot). The daily trend is bullish, but the weekly and monthly trends remain bearish.
As of 06 Nov 2026, 03:30 pm
Showing 3 of 26 candles
Recent drawdown and price variability remain within the producer's contained-risk thresholds.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Revenue From Operations | ₹3,554 crore | PEAK₹4,552 crore | ₹4,298 crore |
| Profit Before Exceptional Items And Tax | ₹788 crore | PEAK₹1,175 crore | ₹829 crore |
| Tax Expense | ₹203 crore | PEAK₹308 crore | ₹208 crore |
| Profit Loss For Period | ₹585 crore | PEAK₹884 crore | ₹626 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | ₹5.69 per share | PEAK₹8.57 per share | ₹6.04 per share |
Pidilite Industries reported consolidated revenue from operations of ₹4,298 crore for Q2 FY2026-27, up 20.9% year on year but down 5.6% from Q1. Profit before tax was ₹829 crore, 5.3% higher year on year but 30.3% lower sequentially; profit for the period was ₹626 crore, down 29.1% from Q1.
Revenue from operations was ₹4,297.59 crore, compared with ₹4,551.55 crore in Q1 FY2026-27 and ₹3,554.44 crore in Q2 FY2025-26. It had risen from ₹3,583.38 crore in Q4 FY2025-26 to Q1. Other income was ₹64.59 crore in Q2.
Total expenses increased 1.9% from Q1 to ₹3,532.87 crore, while revenue from operations fell 5.6%. Q2 expenses included ₹1,896 crore for materials consumed, ₹333 crore for purchases of stock in trade, ₹511 crore in employee benefits and ₹698 crore in other expenses. Other expenses fell 3.6% sequentially, and finance costs eased to ₹12.70 crore from ₹13.34 crore. The opposing sequential movements in revenue and expenses coincided with lower pre-tax profit.
Segment revenue was ₹4,297.59 crore. Segment profit before tax was ₹834.23 crore, down 29.2% from ₹1,177.58 crore in Q1 FY2026-27. Segment finance costs declined to ₹7.24 crore from ₹8.10 crore, while other unallocable expenditure, net of unallocable income, narrowed to ₹171.33 crore from ₹176.37 crore.
Management reported underlying volume growth (UVG) of 10.7% in Q2 FY2026-27, with Consumer & Bazaar at 11.1% and Business to Business at 9.2%. It also said the company faced very high material inflation and input-cost headwinds, while reporting a standalone EBITDA margin of 20.4% for the quarter. Management’s half-year commentary said timely pricing actions and disciplined cost management helped absorb input-cost inflation.
Total assets were ₹16,228.89 crore and total equity was ₹11,428.87 crore at 30 September 2026, compared with ₹15,432.89 crore and ₹11,048.65 crore, respectively, at 31 March 2026. Cash and cash equivalents stood at ₹193.38 crore at quarter-end, versus ₹232.49 crore at 31 March. Property, plant and equipment was ₹3,057.68 crore and goodwill was ₹1,287.97 crore at 30 September.
Pidilite’s revenue and profit remained above their year-earlier levels, but sequential revenue softness alongside higher total expenses coincided with a sharp decline in pre-tax profit from Q1. Management reported double-digit underlying volume growth and cited pricing actions and cost discipline in addressing input-cost inflation; the extent to which earnings momentum improves from Q2 is the key operating consideration.
Disclosed bulk and block transactions involving Pidilite Industries, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for Pidilite Industries.
Pidilite Industries Limited filed the transcript of its Q2 FY27 earnings conference call with the NSE and BSE. The filing discloses that standalone revenue for Q2 FY27 was under INR4,000 crores, reflecting a 21.7% nominal growth driven by 10.7% underlying volume growth (UVG). Management reported that gross margins declined due to elevated raw material costs, specifically citing VAM consumption rates rising to $1,630 in Q2 from $800-$900 in FY26. Despite margin pressure, H1 EBITDA margin remained strong at 23.5%. The company announced a pricing round effective October 1, increasing prices by 12-15% on major brands like Fevicol and Dr. Fixit, with an additional 3-5% increase planned for high-inflation areas. Management expressed confidence in maintaining an EBITDA margin corridor of 20%-24% in H2 FY27, targeting the higher end of this range.
Pidilite Industries Limited uploaded the transcript of an earnings or quarterly call to its website on 2026-11-05 at 17:50:00. The call was held on 2026-10-29 and concluded at 16:35:00. The company’s prior intimation to the Exchange was disclosed on 2026-10-13.
Pidilite Industries Limited submitted a copy of its newspaper publication to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on October 30, 2026. The filing confirms that the company published the 'Extract of Financial Results for the quarter and six months ended 30th September, 2026' in Business Standard (all editions) and Sakal (Mumbai Edition) on the same date.
Pidilite Industries Limited has notified the National Stock Exchange and BSE that the audio recording of its Q2 FY27 Earnings Call, held on October 29, 2026, has been uploaded to the company's website in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Pidilite Industries Limited uploaded the audio recording of its call held on 2026-10-29 to its website that day. The call concluded at 16:35:00, and the recording was uploaded at 18:35:00. The filing identifies the prior intimation of the earnings call as disclosed to the Exchange on 2026-10-13.
Pidilite Industries Limited’s Board approved unaudited standalone and consolidated financial results for the quarter and six months ended 30 September 2026 at its meeting on 28 October 2026. Consolidated revenue from operations was Rs 4,297.59 crore and profit for the quarter was Rs 626.46 crore; for the six months, revenue was Rs 8,849.14 crore and profit was Rs 1,509.97 crore. The limited-review reports state that nothing came to the auditors’ attention indicating required disclosures were missing or that the results contained a material misstatement; the standalone and consolidated reviews were unmodified. The consolidated results include a Rs 14.41 crore exceptional gain after wholly owned subsidiary Pidilite Ventures Private Limited transferred its entire investment in associate BuildNext Construction Technologies Private Limited to JSW One Platforms Limited under a share swap agreement. The filing also reports routine ESOP allotments and grants.
Pidilite Industries Limited announced financial results for the quarter and half year ended September 30, 2026. On a standalone basis, net sales grew 21.7% to Rs 3,982 Cr in Q2 FY27 with underlying volume growth (UVG) of 10.7%, while EBITDA margin contracted to 20.4% from 24.7% due to input cost headwinds; Profit After Tax (PAT) increased 10.4%. For the six-month period, standalone net sales rose 22.0% to Rs 8,219 Cr, EBITDA margin was 23.5%, and PAT grew 19.5%. Consolidated Q2 FY27 net sales reached Rs 4,285 Cr (up 21.1%), with EBITDA margin at 20.5% and PAT up 7.1%. The Consumer & Bazaar segment drove growth with 20.7% revenue increase, whereas Business to Business (B2B) saw lower EBIT margins despite 21.8% revenue growth.
Pidilite Industries Limited submitted its earnings presentation for the quarter ended 30 September 2026. It reported standalone Q2 FY27 net sales of Rs 3,982 crore, up 21.7%, underlying volume growth (UVG) of 10.7%, EBITDA margin of 20.4% and PAT growth of 10.4%. Consolidated Q2 FY27 net sales were Rs 4,285 crore, up 21.1%; EBITDA grew 3.1%, with a 20.5% margin, and PAT grew 7.1%.
Recent market and company developments associated with Pidilite Industries.
Nuvama Institutional Equities named United Breweries, ITC, and Asian Paints as top stock picks for the next 12 months, upgrading ITC to a buy rating based on anticipated favorable tax conditions ahead of the Union Budget. The brokerage highlighted Marico’s diversification and growth triggers, Trent’s recovery from a tough cycle, and United Breweries’ superior volume growth compared to peers in the alcoholic beverage sector. Additionally, Asian Paints and Pidilite Industries are expected to benefit from price hikes and crude oil corrections, while Hindustan Unilever is noted for gaining market
Pidilite Industries anticipates maintaining profitability between 20-24% through price hikes, having implemented a 4-5% increase earlier this month to cushion rising input costs. The company's management indicated potential for further increases in the March quarter amid volatile raw material prices, particularly for vinyl acetate monomer.
Prabhudas Lilladher recommended accumulating Pidilite Industries and set a target price of Rs 1600. The evidence provides no rationale or further details for the call.
Pidilite Industries reported strong volume growth for its Q2 results, although the company is facing an inflation test that impacts its margins.
Pidilite Industries Ltd on Wednesday reported an increase of 7.16 per cent in consolidated net profit at Rs 626.46 crore for the September quarter of FY'27, on a year-on-year basis.
Material cost inflation was a key pressure point for Pidilite Industries during the quarter. Cost of goods sold rose to ₹2,210.88 crore from ₹1,598.15 crore, pulling gross margin down to 48.6% from 55% a year ago, a contraction of around 640 basis points.
Q2 Results Today, 28th October 2026 Live Updates: businessline brings to you latest Q2 annoucements, earnings updates and more.
Nifty many eventually break above 22,800 in the short term. Analysts believe that a decisive move beyond this level could pave the way for an advance towards 23,100, while declines may find support near 22,600.
Comprehensive Section Breakdown for Pidilite Industries
Strategic Vision: Manufactures construction chemicals, adhesives, sealants, and art materials.
• Extensive distribution network reaching rural and urban markets.
• Strong brand portfolio across multiple product categories.
• Global footprint with presence in the Middle East & Africa.
Profit before tax was ₹829.31 crore, down from ₹1,189.67 crore in Q1 FY2026-27 and up from ₹787.66 crore in Q2 FY2025-26. Tax expense was ₹207.77 crore, compared with ₹308.48 crore in Q1. Deferred tax was a credit of ₹18.82 crore in Q2, versus an expense of ₹7.75 crore in Q1.
Profit for the period was ₹626.46 crore, compared with ₹883.51 crore in Q1 and ₹584.60 crore a year earlier. Of Q2 profit, ₹614.53 crore was attributable to owners of the parent and ₹11.93 crore to non-controlling interests.
Basic EPS from continuing operations was ₹6.04, versus ₹8.57 in Q1 and ₹5.69 in Q2 FY2025-26. Diluted EPS from continuing operations was ₹6.03, compared with ₹8.55 and ₹5.68, respectively.
Category: Manufacturing
This segment includes a core range of products for various bonding needs, featuring brands like Fevicol, Fevikwik, M-Seal, and Araldite, alongside industrial adhesives for sectors like electronics and automotive.
Key Products & Services: Fevicol • Fevikwik • M-Seal • Araldite
Category: Manufacturing
Offers a comprehensive suite of solutions for the construction sector, including waterproofing products under the Dr. Fixit brand and tiling solutions from Roff, alongside specialized chemicals for car parks and facade coatings.
Key Products & Services: Dr. Fixit • Roff
Category: Consumer Goods
Provides materials for creative applications, including hobby colors and art supplies under the Fevicryl brand, and glue sticks from Fevistik.
Key Products & Services: Fevicryl • Fevistik
Category: B2B Services
Includes brands like Acron, offering adhesives, synthetic resins, pigments, and surfactants for industries such as packaging, textiles, and printing inks, as well as specialty acetates and textile chemicals.
Key Products & Services: Acron
Category: Manufacturing
The portfolio extends to decorative paints, wood finishes, and maintenance and repair products, including brands like Steelgrip and WD-40.
Key Products & Services: Steelgrip • WD-40
Core Thesis: The company's business units reinforce each other through a broad product portfolio serving diverse market needs.
• Market Penetration: Enhances market penetration and product availability through ongoing expansion of its dealer network. • Strategic Acquisitions: Contributes to synergy benefits, fostering overall growth and efficiency through strategic acquisitions. • Demand Generation: Sustained progress is supported by robust demand across diverse geographical and demographic segments, coupled with a revitalized industrial, manufacturing, and real estate environment.