# Pidilite Industries (PIDILITIND) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/pidilitind

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,579
- Change: +1.63%
- As of: 2026-11-06
- 1D return: +1.63%
- 5D return: +8.03%
- 1M return: +8.14%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

PIDILITIND (₹1,579.00) is exhibiting a strong daily uptrend, trading above all key moving averages and the Supertrend indicator. The ADX of 27.62 confirms an established trend with decent conviction on the daily chart. This daily strength contrasts with weaker momentum on weekly (ADX 18.87) and monthly (ADX 12.58) timeframes, where the Supertrend remains bearish, suggesting the current rally may be a corrective bounce within a longer-term consolidation or downtrend. Price is positioned at the upper end of its 20-day range (+100%) and upper-middle of its 252-day range (+71.3%). Recent activity includes an extreme upward gap on 2026-11-05 (+2.9%) and a wide intraday range on 2026-10-30 (+10.0% range). Immediate resistance lies near ₹1,581.00 (0.13% above), while support is found at ₹1,567.30 (0.74% below). Volatility is elevated at 21.2% annualized, with a current drawdown of -7.2% from recent highs.

- Daily trend is bullish and established (ADX 27.62), with price above all major MAs and Supertrend; however, weekly and monthly Supertrends remain bearish, indicating mixed long-term structure.
- Price is at the top of its 20-day range (+100%) and upper-middle of its yearly range (+71.3%), facing immediate resistance at ₹1,581.00 and support at ₹1,567.30.
- Recent anomalies include an extreme upward gap on 2026-11-05 (+2.9%) and a wide intraday range on 2026-10-30, signaling heightened short-term participation.
- Annualized volatility stands at +21.2% with a current drawdown of -7.2%; a sustained break above ₹1,581.00 would strengthen the daily setup, while a close below ₹1,567.30 could invalidate the near-term bullish bias.

- Doji
- Evening Star
- Inside Bar

### News Context

Pidilite Industries is managing margin pressures through active pricing strategies. As of November 1, the company implemented a 4-5% price increase to offset rising input costs and aims to sustain profitability between 20% and 24%. Management indicated that further hikes may be necessary in the March quarter due to volatile raw material prices, specifically vinyl acetate monomer. This operational move aligns with broader market sentiment; on November 3, Nuvama Institutional Equities cited Pidilite as a stock expected to benefit from both price hikes and crude oil corrections over the next 12 months.

- Pidilite implemented a 4-5% price hike earlier in November to cushion against rising input costs.
- Management targets maintaining profitability at 20-24%, with potential for further increases in the March quarter driven by volatile vinyl acetate monomer prices.
- Nuvama Institutional Equities identified Pidilite as a top pick for the next 12 months, citing benefits from price hikes and crude oil corrections.

- [ITC, United Breweries and Asian Paints among top picks for next 12 months: Nuvama’s Abneesh Roy](https://www.cnbctv18.com/market/itc-united-breweries-asian-paints-pidilite-hul-trent-radico-khaitan-fmcg-nuvama-alpha-article-20025617.htm)
- [Price hikes to help Pidilite meet profitability guidance](https://economictimes.indiatimes.com/industry/cons-products/fmcg/price-hikes-to-help-pidilite-meet-profitability-guidance/articleshow/135432000.cms)

### What Changed

Pidilite Industries reported Q2 FY27 results on October 29, with the transcript filed on November 5, 2026. Standalone revenue under ₹4,000 crores reflected a 21.7% nominal growth driven by 10.7% underlying volume growth. Gross margins faced pressure from elevated raw material costs, specifically VAM consumption rates rising to $1,630 in Q2 from $800-$900 in FY26. Despite this, H1 EBITDA margin remained strong at 23.5%. Management 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. The company targets maintaining an EBITDA margin corridor of 20%-24% in H2 FY27, aiming for the higher end. As of November 6, 2026, the stock traded at ₹1,579.00, up from ₹1,553.60.

- Q2 FY27 standalone revenue was under ₹4,000 crores, showing 21.7% nominal growth fueled by 10.7% underlying volume growth.
- VAM raw material costs surged to $1,630 in Q2 from $800-$900 in FY26, pressuring gross margins despite a robust H1 EBITDA margin of 23.5%.
- Management implemented a 12-15% price hike on key brands effective October 1, plus an extra 3-5% in high-inflation regions, targeting H2 EBITDA margins of 20%-24%.
- The stock closed at ₹1,579.00 on November 6, 2026, compared to ₹1,553.60 previously.

- [Pidilite Industries Limited has informed the Exchange regarding 'Transcript of Earnings Call'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/Nisha_05112026172520_SEintimationTranscriptQ2.pdf)
- [Pidilite Industries Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_719_WebXMLFile_20261105_175922886.xml)

### Official Filings

Pidilite Industries reported Q2 FY27 results on October 28, 2026, showing strong revenue growth offset by margin pressure. Standalone net sales rose 21.7% to ₹3,982 crore, driven by 10.7% underlying volume growth (UVG). However, EBITDA margin contracted to 20.4% from 24.7% due to elevated raw material costs, specifically VAM prices rising to $1,630 per tonne in Q2 from the $800–$900 range in FY26. Consequently, standalone PAT grew only 10.4%. Management has initiated a pricing round effective October 1, increasing prices by 12-15% on major brands like Fevicol and Dr. Fixit, with an additional 3-5% hike planned for high-inflation areas. The company targets maintaining an EBITDA margin corridor of 20%-24% in H2 FY27, aiming for the higher end. Consolidated results showed similar trends, with net sales at ₹4,285 crore (+21.1%) and EBITDA margin at 20.5%. An exceptional gain of ₹14.41 crore was recorded from a share swap involving subsidiary Pidilite Ventures and JSW One Platforms.

- Revenue Growth vs. Margin Pressure: Standalone sales grew 21.7% to ₹3,982 crore on 10.7% UVG, but EBITDA margin fell to 20.4% (from 24.7%) due to VAM input costs rising to $1,630/tonne.
- Pricing Action: A price increase of 12-15% took effect on October 1 for major brands, with an additional 3-5% hike planned for specific regions to address cost headwinds.
- H2 Margin Outlook: Management targets an EBITDA margin corridor of 20%-24% for H2 FY27, expressing confidence in reaching the upper end of this range.
- Consolidated Performance: Consolidated net sales reached ₹4,285 crore (+21.1%) with a 20.5% EBITDA margin; standalone PAT grew 10.4% while consolidated PAT grew 7.1%.

- [Pidilite Industries Limited has informed the Exchange regarding 'Transcript of Earnings Call'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/Nisha_05112026172520_SEintimationTranscriptQ2.pdf)
- [Pidilite Industries Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_719_WebXMLFile_20261105_175922886.xml)
- [Pidilite Industries Limited has informed the Exchange about Copy of Newspaper Publication - Financial Results |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/Nisha_30102026141126_SEIntimationUFRSep2026finalsigned.pdf)
- [Pidilite Industries Limited has informed the Exchange regarding 'Audio Recording Q2FY27 Earnings Call'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/Nisha_29102026184904_SEintimationaudiorecordingQ2FY27signed.pdf)
- [Pidilite Industries Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_719_WebXMLFile_20261029_185551234.xml)
- [Pidilite Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/Nisha_28102026185331_SEIntimationUFRfinalsigned.pdf)
- [Pidilite Industries Limited has informed the Exchange regarding a press release dated October 28, 2026, titled "Press Release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/Nisha_28102026190724_SEintimationPressreleaseuploadfinalsigned.pdf)
- [Pidilite Industries Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/Nisha_28102026192919_SEIntimationinvestorpresentationuploadsigned.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748241_28102026081451_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748238_28102026081417_WEB.xml)

### Fundamentals

Pidilite Industries reported a sequential decline in Q2 FY2026-27, with revenue from operations falling to ₹4,298 crore from ₹4,552 crore in Q1. Net profit also decreased sequentially to ₹626 crore (EPS: ₹6.04) from ₹884 crore (EPS: ₹8.57). Despite this quarterly dip, the company maintains strong long-term fundamentals, evidenced by a 15% compounded sales growth and 17% compounded profit growth over five years. Return on Equity remains robust at 24% for the last year, and ROCE improved slightly to 31% in Mar 2026.

The balance sheet shows continued asset expansion, with total assets rising to ₹16,229 crore as of Sep 2026, supported by an increase in equity to ₹11,429 crore. However, working capital efficiency requires monitoring; debtor days increased to 55 days in Mar 2026 from 50 days previously, and trade receivables rose significantly to ₹2,794 crore as of Sep 2026. Cash from operating activities remained healthy at ₹2,828 crore for Mar 2026, while borrowings declined steadily to ₹351 crore by Sep 2026. The most critical next checkpoint is whether the sequential revenue and profit contraction reverses in subsequent quarters, particularly given the rise in receivables and expenses.

- Q2 FY2026-27 revenue fell sequentially to ₹4,298 crore, with net profit declining to ₹626 crore.
- Long-term growth remains strong: 5-year CAGR of 15% for sales and 17% for profits.
- ROE stands at 24%, and ROCE improved to 31% in Mar 2026.
- Trade receivables increased to ₹2,794 crore (Sep 2026), and debtor days rose to 55 days.

### Bull Case

Pidilite Industries presents a conditional upside case anchored in its ability to protect margins through pricing power. The company has implemented a 4-5% price increase and anticipates further hikes in the March quarter to offset volatile raw material costs, specifically vinyl acetate monomer. This strategy supports management’s guidance to maintain profitability between 20% and 24%. Additionally, institutional analysts at Nuvama highlight Pidilite as a beneficiary of crude oil corrections and price hikes, aligning with the company's defensive margin strategy. While technical indicators show mixed signals—with a daily Supertrend bullish but monthly and weekly trends bearish—the stock has delivered positive returns over the past month (+3.8%) and year-to-date (+7.5%), suggesting underlying resilience despite recent volatility.

- Management targets 20-24% profitability via price hikes, including a recent 4-5% increase and potential further adjustments in the March quarter to manage input cost volatility.
- Nuvama Institutional Equities identifies Pidilite as a top pick for the next 12 months, citing benefits from crude oil corrections and pricing power.
- The stock has posted a +7.5% return year-to-date and +3.8% over the last month, contrasting with a -6.3% decline over the past three months.
- Daily technicals show a bullish Supertrend direction (ADX 27.62), while monthly and weekly trends remain bearish, indicating short-term trend divergence.

- [ITC, United Breweries and Asian Paints among top picks for next 12 months: Nuvama’s Abneesh Roy](https://www.cnbctv18.com/market/itc-united-breweries-asian-paints-pidilite-hul-trent-radico-khaitan-fmcg-nuvama-alpha-article-20025617.htm)
- [Price hikes to help Pidilite meet profitability guidance](https://economictimes.indiatimes.com/industry/cons-products/fmcg/price-hikes-to-help-pidilite-meet-profitability-guidance/articleshow/135432000.cms)
- [Pidilite Industries Limited has informed the Exchange regarding 'Transcript of Earnings Call'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/Nisha_05112026172520_SEintimationTranscriptQ2.pdf)
- [Pidilite Industries Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_719_WebXMLFile_20261105_175922886.xml)
- [Pidilite Industries Limited has informed the Exchange about Copy of Newspaper Publication - Financial Results |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/Nisha_30102026141126_SEIntimationUFRSep2026finalsigned.pdf)
- [Pidilite Industries Limited has informed the Exchange regarding 'Audio Recording Q2FY27 Earnings Call'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/Nisha_29102026184904_SEintimationaudiorecordingQ2FY27signed.pdf)
- [Pidilite Industries Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_719_WebXMLFile_20261029_185551234.xml)
- [Pidilite Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/Nisha_28102026185331_SEIntimationUFRfinalsigned.pdf)
- [Pidilite Industries Limited has informed the Exchange regarding a press release dated October 28, 2026, titled "Press Release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/Nisha_28102026190724_SEintimationPressreleaseuploadfinalsigned.pdf)
- [Pidilite Industries Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/Nisha_28102026192919_SEIntimationinvestorpresentationuploadsigned.pdf)

### Bear Case

Pidilite Industries faces near-term operational and technical headwinds that warrant caution. Operationally, the company is relying on price hikes of 4-5% to maintain profitability between 20-24%, citing volatile raw material costs such as vinyl acetate monomer; this indicates margin pressure rather than organic volume-led growth. Technically, the stock is in a corrective phase, with the monthly trend signaling bearish conditions and the weekly trend also bearish. The share has declined -6.3% over the last three months and is currently -7.2% below its recent peak, approaching immediate support at ₹1,567.30. While the daily trend remains bullish, the broader medium-term setup shows weakness, with the 50-day moving average slope negative (-12.57) and annualized volatility elevated at +21.2%.

- Margin reliance: Management targets 20-24% profitability via 4-5% price hikes to offset rising input costs like vinyl acetate monomer.
- Technical breakdown: Monthly and weekly trends are bearish; the stock is down -6.3% over three months and -7.2% from highs.
- Support proximity: Immediate support lies at ₹1,567.30 (0.74% below current price), with further support at ₹1,553.00.
- Volatility risk: Annualized volatility stands at +21.2%, with downside deviation of +14.1%, indicating heightened price sensitivity.

- [ITC, United Breweries and Asian Paints among top picks for next 12 months: Nuvama’s Abneesh Roy](https://www.cnbctv18.com/market/itc-united-breweries-asian-paints-pidilite-hul-trent-radico-khaitan-fmcg-nuvama-alpha-article-20025617.htm)
- [Price hikes to help Pidilite meet profitability guidance](https://economictimes.indiatimes.com/industry/cons-products/fmcg/price-hikes-to-help-pidilite-meet-profitability-guidance/articleshow/135432000.cms)
- [Pidilite Industries Limited has informed the Exchange regarding 'Transcript of Earnings Call'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/Nisha_05112026172520_SEintimationTranscriptQ2.pdf)
- [Pidilite Industries Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_719_WebXMLFile_20261105_175922886.xml)
- [Pidilite Industries Limited has informed the Exchange about Copy of Newspaper Publication - Financial Results |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/Nisha_30102026141126_SEIntimationUFRSep2026finalsigned.pdf)
- [Pidilite Industries Limited has informed the Exchange regarding 'Audio Recording Q2FY27 Earnings Call'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/Nisha_29102026184904_SEintimationaudiorecordingQ2FY27signed.pdf)
- [Pidilite Industries Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_719_WebXMLFile_20261029_185551234.xml)
- [Pidilite Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/Nisha_28102026185331_SEIntimationUFRfinalsigned.pdf)
- [Pidilite Industries Limited has informed the Exchange regarding a press release dated October 28, 2026, titled "Press Release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/Nisha_28102026190724_SEintimationPressreleaseuploadfinalsigned.pdf)
- [Pidilite Industries Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/Nisha_28102026192919_SEIntimationinvestorpresentationuploadsigned.pdf)

### FAQs

**How is Pidilite managing margin pressure from rising raw material costs?**

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.

**What were the key financial results for Q2 FY27?**

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.

**What are the current technical support and resistance levels for PIDILITIND?**

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.

- [ITC, United Breweries and Asian Paints among top picks for next 12 months: Nuvama’s Abneesh Roy](https://www.cnbctv18.com/market/itc-united-breweries-asian-paints-pidilite-hul-trent-radico-khaitan-fmcg-nuvama-alpha-article-20025617.htm)
- [Price hikes to help Pidilite meet profitability guidance](https://economictimes.indiatimes.com/industry/cons-products/fmcg/price-hikes-to-help-pidilite-meet-profitability-guidance/articleshow/135432000.cms)
- [Pidilite Industries Limited has informed the Exchange regarding 'Transcript of Earnings Call'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/Nisha_05112026172520_SEintimationTranscriptQ2.pdf)
- [Pidilite Industries Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_719_WebXMLFile_20261105_175922886.xml)
- [Pidilite Industries Limited has informed the Exchange about Copy of Newspaper Publication - Financial Results |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/Nisha_30102026141126_SEIntimationUFRSep2026finalsigned.pdf)
- [Pidilite Industries Limited has informed the Exchange regarding 'Audio Recording Q2FY27 Earnings Call'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/Nisha_29102026184904_SEintimationaudiorecordingQ2FY27signed.pdf)
- [Pidilite Industries Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_719_WebXMLFile_20261029_185551234.xml)
- [Pidilite Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/Nisha_28102026185331_SEIntimationUFRfinalsigned.pdf)
- [Pidilite Industries Limited has informed the Exchange regarding a press release dated October 28, 2026, titled "Press Release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/Nisha_28102026190724_SEintimationPressreleaseuploadfinalsigned.pdf)
- [Pidilite Industries Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/Nisha_28102026192919_SEIntimationinvestorpresentationuploadsigned.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹1,553
- Risk regime: Price Risk Currently Contained

### Support levels
- 1430
- 1348.3515625
- 1308.25

### Resistance levels
- 1605.6375
- 1692.325
- 1595.3

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.63% |
| return_10 | +6.14% |
| return_1m | +3.85% |
| return_1y | +9.44% |
| return_20 | +8.14% |
| return_3m | -6.35% |
| return_5 | +8.03% |
| return_6m | +11.08% |
| return_since_start | +10.28% |
| return_ytd | +7.47% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -18.54% |
| annualized_volatility | +21.25% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Pidilite Industries Limited FY2026-27 Q2: Revenue grows year on year, profit falls sequentially

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 grew year on year but eased 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.

## Expenses rose as revenue declined sequentially

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.

## Profit and EPS declined from Q1

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.

## Segment results

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 commentary

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.

## Balance sheet at 30 September 2026

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.

## Key Takeaway

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.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +69.24%
- FII holding: +11.69%
- DII holding: +9.81%
- Mutual fund holding: +4.33%
- Retail holding: +7.18%
- Promoter pledged: +0.00%

### Major reported shareholders

- Madhukar Balvantray Parekh partner representing Triveni Corporations — +9.42% (Partnership Firms)
- Narendrakumar Kalyanji Parekh partner representing J. Ben & Co. — +8.53% (Partnership Firms)
- Ajay Balvantray Parekh partner representing PBS Business Corporation — +7.43% (Partnership Firms)
- Mrudula Sushilkumar Parekh  partner representing Kalva Commercial Company — +7.17% (Partnership Firms)
- Devkalyan Sales Private Ltd — +5.15% (Bodies Corporate)
- Ishijas Chemicals Private Limited — +4.96% (Bodies Corporate)
- Life Insurance Corporation Of India — +3.85%
- The Vacuum Forming Company Pvt Ltd — +2.43% (Bodies Corporate)
- Harton Private Limited — +2.43% (Bodies Corporate)
- Pidichem Pvt Ltd — +1.75% (Bodies Corporate)

## Official filings

- 2026-11-05 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_05112026172520_SEintimationTranscriptQ2.pdf)
- 2026-11-05 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_719_WebXMLFile_20261105_175922886.xml)
- 2026-10-30 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_30102026141126_SEIntimationUFRSep2026finalsigned.pdf)
- 2026-10-29 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_29102026184904_SEintimationaudiorecordingQ2FY27signed.pdf)
- 2026-10-29 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_719_WebXMLFile_20261029_185551234.xml)
- 2026-10-28 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_28102026185331_SEIntimationUFRfinalsigned.pdf)
- 2026-10-28 — Press Release: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_28102026190724_SEintimationPressreleaseuploadfinalsigned.pdf)
- 2026-10-28 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_28102026192919_SEIntimationinvestorpresentationuploadsigned.pdf)
- 2026-10-28 — Financial Results Filing: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748241_28102026081451_WEB.xml)
- 2026-10-28 — Financial Results Filing: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748238_28102026081417_WEB.xml)
- 2026-10-27 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_27102026144547_SEIntimationgrantofstockoptionsESOP2026OPsigned.pdf)
- 2026-10-27 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_27102026145342_SEIntimationSMPsignedupload.pdf)
- 2026-10-27 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_719_WebXMLFile_20261027_161412118.xml)
- 2026-10-27 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_719_WebXMLFile_20261027_161811797.xml)
- 2026-10-16 — Shareholding Disclosure: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1740164_16102026052814_WEB.xml)
- 2026-10-13 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_13102026165035_SEintimationearningscallQ2FY27signed.pdf)
- 2026-10-09 — Management Change: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_09102026112953_SEIntimationAppointmentofSMPsigned.pdf)
- 2026-10-09 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_719_WebXMLFile_20261009_154950088.xml)
- 2026-10-09 — Board Meeting Notice: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_09102026171811_SEBMIntimationOctober2026signed.pdf)
- 2026-10-09 — Board Meeting Notice: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_719_WebXMLFile_20261009_172134079.xml)
- 2026-10-09 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_719_WebXMLFile_20261009_172134079.xml)
- 2026-10-08 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_08102026170506_SEintimationcertunder745Sep2026signed.pdf)
- 2026-09-29 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_719_WebXMLFile_20260929_155603112.xml)
- 2026-09-29 — Generic Announcement: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_29092026155331_SEIntimationFinemakeTransferofSharestoFounderssigned.pdf)
- 2026-09-28 — Press Release: Pidilite Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Nisha_28092026154411_SEintimationPressreleaseHwaseungcollabsigned.pdf)

## News and market events

- 2026-11-03 — CNBC-TV18: **ITC, United Breweries and Asian Paints among top picks for next 12 months: Nuvama’s Abneesh Roy** — 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 — [Source](https://www.cnbctv18.com/market/itc-united-breweries-asian-paints-pidilite-hul-trent-radico-khaitan-fmcg-nuvama-alpha-article-20025617.htm)
- 2026-11-01 — Economic Times: **Price hikes to help Pidilite meet profitability guidance** — 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. — [Source](https://economictimes.indiatimes.com/industry/cons-products/fmcg/price-hikes-to-help-pidilite-meet-profitability-guidance/articleshow/135432000.cms)
- 2026-10-30 — MONEYCONTROL: **Accumulate Pidilite Industries; target of Rs 1600: Prabhudas Lilladher** — 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. — [Source](https://www.moneycontrol.com/news/business/stocks/accumulate-pidilite-industries-target-of-rs-1600-prabhudas-lilladher-14064700.html)
- 2026-10-30 — MONEYCONTROL: **Pidilite Industries Q2: Strong volume growth, but margins face an inflation test** — Pidilite Industries reported strong volume growth for its Q2 results, although the company is facing an inflation test that impacts its margins. — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/pidilite-industries-q2-strong-volume-growth-but-margins-face-an-inflation-test-14064136.html)
- 2026-10-29 — The Hindu: **Pidilite Industries Q2 up 7.16% to ₹626.46cr, revenue up 20.9% to ₹4297.6 cr** — 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. — [Source](https://www.thehindubusinessline.com/companies/pidilite-industries-q2-profit-up-716-to-62646-cr/article71638811.ece)
- 2026-10-29 — CNBC-TV18: **Pidilite shares in focus after Q2 earnings miss; gross margin contracts 640 bps** — 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. — [Source](https://www.cnbctv18.com/market/pidilite-industries-share-price-q2-earnings-miss-gross-margin-contracts-640-bps-revenue-profit-cost-management-comments-20021953.htm)
- 2026-10-28 — The Hindu: **Q2 Results Today Live: Adani Enterprises, Adani Ports, TVS Motor, Hyundai, Pidilite, Cholamandalam, Hero MotoCorp, Meesho, United Spirits, Vedanta, JSW Energy share to announce Q2 results, Bajaj Auto, L&T, Maruti, Cipla, ACC, Mazagon, Waaree Energies shares in focus** — Q2 Results Today, 28th October 2026 Live Updates: businessline brings to you latest Q2 annoucements, earnings updates and more. — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-adani-enterprises-adani-ports-tvs-motor-hyundai-pidilite-cholamandalam-hero-motocorp-meesho-united-spirits-vedanta-jsw-energy-results-28-october-2026/article71630853.ece)
- 2026-10-27 — CNBC-TV18: **Nifty Outlook for October 28: New series begins with Jio Platform listing, US Fed decision** — 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. — [Source](https://www.cnbctv18.com/market/nifty-outlook-wednesday-october-28-new-series-begins-with-jio-platform-listing-us-fed-decision-20020683.htm)
- 2026-09-29 — MONEYCONTROL: **Taking Stock: Nifty ends below 22,750 amid expiry day volatility; Sensex sheds 242 pts** — Stock Market Today,Taking Stock,Sensex,Nifty,Market Today,Sensex Today, Nifty Today,Stock Market Today,India Stock Market Today,Share Market Today — [Source](https://www.moneycontrol.com/news/business/markets/taking-stock-nifty-ends-below-22-750-amid-expiry-day-volatility-sensex-sheds-242-pts-14041016.html)
- 2026-09-29 — MONEYCONTROL: **Price Action: Allcargo Logistics sheds 2% on MD, CEO resignation; Ola Electric down 4% as HSBC maintains 'reduce'** — Buzzing Stocks — [Source](https://www.moneycontrol.com/news/business/price-action-allcargo-logistics-sheds-2-on-md-ceo-resignation-ola-electric-down-4-as-hsbc-maintains-reduce-14040499.html)
- 2026-09-29 — MONEYCONTROL: **Trade Spotlight: How should you trade LIC Housing Finance, IREDA, Mahindra and Mahindra, Swiggy, Zydus Lifesciences, SAIL, and others on September 29?** — Trade Spotlight, Buy Ideas,Top Buy Ideas,Top Picks,Stock Picks,Top Stock Picks,Share Tips,Share Market Tips,Stock Tips,Stock Market Tips,LIC Housing Finance,Indian Renewable Energy Development Agency,Mahindra and Mahindra,Swiggy,Central Depository Services,Pidilite Industries,Zydus Lifesciences,Steel Authority of India, — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-lic-housing-finance-ireda-mahindra-and-mahindra-swiggy-zydus-lifesciences-sail-and-others-on-september-29-14040474.html)
- 2026-09-28 — CNBC-TV18: **Stocks to watch for September 29: IRFC, NCC, Clean Max and more** — From IRFC signing a ₹4,200 crore term loan agreement with Damodar Valley Corporation to Pidilite Industries partnering with South Korea-based Hwaseung Chemical to bring its footwear adhesive technology to Indian manufacturers; these are stocks to track ahead of Tuesday trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-29-irfc-ncc-clean-max-and-more-20000211.htm)
- 2026-09-28 — CNBC-TV18: **Pidilite partners with South Korea's Hwaseung Chemical to bring footwear adhesives to India** — Pidilite will provide local technical support while Hwaseung Chemical brings its adhesive technology used in global footwear manufacturing to India. — [Source](https://www.cnbctv18.com/market/pidilite-partners-with-south-koreas-hwaseung-chemical-to-bring-footwear-adhesives-to-india-20000136.htm)
- 2026-09-28 — FREEPRESSJOURNAL.IN: **Pidilite Partners With Hwaseung Chemical To Introduce Advanced Footwear Adhesives In India** — Pidilite Industries has announced a partnership with Hwaseung Chemical to bring advanced footwear adhesive technologies to the Indian market. — [Source](https://www.freepressjournal.in/business/pidilite-partners-with-hwaseung-chemical-to-introduce-advanced-footwear-adhesives-in-india)
- 2026-09-25 — The Hindu: **ICAR agri-biz arm ties up with Pidilite Ind, Venkateshwara Hatcheries, Everest Instruments to leverage CSR support** — ICAR’s Agrinnovate partners with Pidilite, Venkateshwara Hatcheries, and Everest Instruments to mobilize CSR for sustainable, inclusive agricultural initiatives. — [Source](https://www.thehindubusinessline.com/economy/agri-business/icar-agri-biz-arm-ties-up-with-pidilite-ind-venkateshwara-hatcheries-everest-instruments-to-leverage-csr-support/article71508435.ece)
- 2026-09-24 — CNBC-TV18: **Demand holding strong, but $100 crude oil a key risk to watch, says Pidilite MD** — Pidilite Industries MD Sudhanshu Vats says domestic demand remains strong across categories, but sustained crude oil above $100 a barrel poses the key risk to watch. The company has already raised prices by mid-to-high single digits in H1 and expects Q2 margins near the lower end of its 20–24% guidance band. Vats also addressed the monsoon's impact on the waterproofing business and named geopolitical turbulence as the biggest external risk. — [Source](https://www.cnbctv18.com/business/companies/demand-strong-100-bbl-crude-oil-prices-key-risk-watch-pidilite-md-sudhanshu-vats-geopolitical-tensions-19997387.htm)
- 2026-09-18 — CNBC-TV18: **FMCG price hikes to continue as input costs rise; big players may gain market share: Nuvama** — Abneesh Roy, Executive Director at Nuvama Institutional Equities, expects Hindustan Unilever (HUL) to maintain its near-term EBITDA margin guidance of 22.5-23.5%, although he sees the company operating towards the lower end of the range in Q2. HUL's longer-term EBITDA margin guidance stands at 22-24%. — [Source](https://www.cnbctv18.com/market/fmcg-companies-to-post-double-digit-q2-sales-growth-amid-inflation-says-nuvamas-abneesh-roy-alpha-article-19993373.htm)
- 2026-09-06 — Economic Times: **Paint makers expect healthy FY27 demand amid price hikes; competition intensity remains high** — Leading paint firms foresee sustained double-digit growth through the festive season. Companies are implementing price increases to manage rising input costs effectively. Demand remains robust from housing and infrastructure sectors, supporting industry projections. Fierce competition persists across all paint market segments. — [Source](https://economictimes.indiatimes.com/industry/cons-products/paints/paint-makers-expect-healthy-fy27-demand-amid-price-hikes-competition-intensity-remains-high/articleshow/133837223.cms)
- 2026-09-01 — BUSINESSTODAY: **Mazagon, Maruti Suzuki, Pidilite: Top stocks to buy | Check targets, stop loss, risk-reward & more** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Maruti Suzuki India, Pidilite Industries, Mazagon Dock Shipbuilders, Maruti Suzuki shares, Pidilite Industries shares, Mazagon Dock shares, Maruti Suzuki share price, Pidilite Industries share price, Mazagon Dock share price, Maruti Suzuki stock price, Pidilite Industries stock price, Mazagon Dock stock price, Maruti Suzuki target price, Pidilite Industries target price, Mazagon Dock target price — [Source](https://www.businesstoday.in/markets/stocks/story/mazagon-maruti-suzuki-pidilite-top-stocks-to-buy-check-targets-stop-loss-risk-reward-more-552524-2026-09-01)
- 2026-08-21 — BUSINESS: **Pidilite Industries allots 89,340 equity shares under ESOP** — After  allotment of aforesaid equity shares, the share capital of the company stands increased from 1,017,790,348 to 1,017,879,688. — [Source](https://www.business-standard.com/markets/capital-market-news/pidilite-industries-allots-89-340-equity-shares-under-esop-126082100910_1.html)
- 2026-08-08 — CNBC-TV18: **Mumbai-based Pidilite retains 20-24% margin band, sees robust demand despite price hikes: MD Sudhanshu Vats** — Pidilite Industries expects to sustain double-digit volume growth but remains cautious on profitability guidance as volatile raw material costs, particularly VAM and crude, keep the margin outlook uncertain. — [Source](https://www.cnbctv18.com/market/earnings/pidilite-retains-20-24-percent-margin-band-robust-demand-price-hikes-sudhanshu-vats-19964827.htm)
- 2026-08-06 — Economic Times: **Pidilite sees double-digit volume growth in FY27 despite volatile commodity prices: MD Sudhanshu Vats** — Pidilite Industries expects double-digit volume growth in FY27 and stable earnings. The company implemented price increases to offset rising raw material costs. Demand remains robust across urban and rural markets, according to the managing director. Pidilite is diversifying its supply chain to mitigate geopolitical disruptions effectively. The company maintains its EBITDA margin guidance band of twenty to twenty-four percent. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/pidilite-sees-double-digit-volume-growth-in-fy27-despite-volatile-commodity-prices-md-sudhanshu-vats/articleshow/133001307.cms)
- 2026-08-06 — BUSINESSTODAY: **Pidilite Industries Q1: MD Sudhanshu Vats decodes stellar earnings show** — Pidilite Industries, Pidilite Industries shares rise,  Pidilite Industries stock gains, Pidilite Industries stock falls, Pidilite Industries Q1 earnings, Pidilite Industries net profit, Pidilite Industries Q1 revenue, Pidilite Industries stock — [Source](https://www.businesstoday.in/markets/stocks/story/pidilite-industries-q1-md-sudhanshu-vats-decodes-stellar-earnings-show-547714-2026-08-06)
- 2026-08-06 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty below 24,650; Firstsource falls 7% after results** — Sensex Today | Stock Market LIVE Updates: We are the halfway mark, and the market contiue to remain largely flat. The markets are once again moving on a cautious note, with the Nifty trading flat around the 24,600 mark. The Nifty Bank is also in the same state, trying to scale the 58,000 mark. Titan, Reliance and Eternal are the top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-hdfc-bank-aurobindo-cummins-biocon-pb-fintech-lic-trent-share-price-liveblog-19962846.htm)
- 2026-08-06 — CNBC-TV18: **Q1 Results LIVE Updates: Aegis Logistics pares initial gains; Firstsource profit down 19%** — Q1 Results LIVE Updates; Trent, Britannia, Lupin, Samvardhana Motherson, Apollo Tyres, Blue Star, Premier Energies, HCC, NCC, PG Electroplast, Emcure Pharma, Firstsource Solutions are some of the many companies that will be reporting their results during the course of Thursday's trading session on Dalal Street. Result reactions today come from PB Fintech, Aurobindo Pharma, Cummins India, GE Vernova T&D, ION Exchange and many others. Watch this space for all the LIVE Q1 result updates, management and brokerage commentary along with stock moves. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-cummins-ge-vernova-td-pb-fintech-trent-britannia-hero-lupin-samil-pgel-apollo-tyres-sci-ncc-hcc-premier-energies-share-price-liveblog-19962840.htm)

## Business profile

**Strategic vision:** Manufactures construction chemicals, adhesives, sealants, and art materials.

### Business segments
- **Adhesives and Sealants:** 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.
- **Construction Chemicals:** 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.
- **Art and Craft Materials:** Provides materials for creative applications, including hobby colors and art supplies under the Fevicryl brand, and glue sticks from Fevistik.
- **Industrial Products:** 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.
- **Other Categories:** The portfolio extends to decorative paints, wood finishes, and maintenance and repair products, including brands like Steelgrip and WD-40.

### Competitive strengths
- Extensive distribution network reaching rural and urban markets.
- Strong brand portfolio across multiple product categories.
- Global footprint with presence in the Middle East & Africa.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/pidilitind
Markdown representation: https://faxioms.com/stocks/pidilitind?render=md