Earnings Call/Transcript
Pidilite Industries Q2 FY27 Earnings Call Transcript
Pidilite Industries filed the transcript of its Q2 FY27 earnings call held on 29 October 2026; the recording is available on its website.
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Chemicals & Petrochemicals
Specialty Chemicals
1,53,494 Cr
Moderate Risk
57.2
34.8
2.8
13.7
1,707.95
1,259.45
Sales CAGR
Profit CAGR
ROE
ROCE
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Earnings Call/Transcript
Pidilite Industries filed the transcript of its Q2 FY27 earnings call held on 29 October 2026; the recording is available on its website.
Financial Results
Pidilite Industries published newspaper clippings of its unaudited financial results for the quarter and six months ended September 30, 2026.
Pidilite Industries Ltd (PIDILITIND) is currently trading at 1,545.10 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Pidilite Industries Limited manufactures branded adhesives, sealants, construction chemicals, paints, industrial adhesives, resins, pigments, and related specialty chemical products. Its business spans Consumer and Bazaar markets serving households and skilled users, alongside B2B applications across packaging, furniture, construction, textiles, paints, printing inks, paper, and leather industries. The company delivered unusually strong demand despite severe input inflation: standalone revenue grew 21.7% in Q2 FY27, with underlying volume growth of 10.7%. Consumer and Bazaar volumes rose 11.1%, B2B volumes increased 9.2%, and first-half underlying volume growth reached 11%, demonstrating broad-based resilience rather than dependence on one category. Margin pressure was substantial but deliberately managed. VAM prices reached approximately $1,630 in Q2 FY27 versus $1,370 in Q1 and roughly $800–$900 during FY26, causing a 720-basis-point gross-margin decline. Operating leverage limited the EBITDA-margin reduction to 430 basis points, while management retained confidence in the 20%–24% H2 corridor. Pidilite Industries Limited is moving beyond legacy brands through fundamental innovation, premiumization, construction chemicals, and technology partnerships. New products such as Araldite Wud X, Araldite Stone X, Fevicol Multi Lock, Fevicol X-Per, Dr. Fixit Wonderproof, M-Seal Advance, and NioPro are intended to create new growth pools. International subsidiaries grew 21.8% and domestic subsidiaries rose 22.2%, although Nina faced monsoon-related workfront constraints. Urban demand improved to slightly exceed rural demand in Q2, while projects, tile adhesives, waterproofing, floor coatings, exterior renders, and specialized industrial applications showed encouraging momentum.
Over the past 52 weeks, Pidilite Industries Ltd has traded between a low of ₹1,259.45 and a high of ₹1,707.95. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Pidilite Industries Ltd has a market capitalization of approximately 1,53,494.00. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Pidilite Industries Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 57.19 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 1,53,494.00 Cr, Pidilite Industries Ltd is classified as a Large Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Pidilite Industries Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Pidilite Industries Ltd is 57.19. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Pidilite moved from a project-size classification to a customer-segment approach in Q2. The revised structure covers medium and large builders, institutions and EPC contractors, and management said it had started to aid project conversions.
Pidilite said elevated raw-material costs were the main reason for the Q2 FY27 margin decline. VAM consumption was $1,630 in Q2 FY27, compared with $1,370 in Q1 FY27, while gross-margin pressure was partly offset by 21.7% revenue growth. Management said EBITDA declined by 430 basis points against a 720-basis-point gross-margin movement.
Pidilite is developing AI use cases across sales, marketing, human resources, finance, manufacturing and supply chain. Its top 30 leaders completed a one-day hands-on workshop, and the company has held one AI hackathon with another planned.
Pidilite Industries reported standalone revenue of ₹3,982 crore in Q2 FY27. This represented year-on-year nominal growth of 21.7%.
