Pidilite stock faces margin pressure after strong Q2 sales
Published on 11/04/2026 at 01:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSStrong Growth Meets Margin Pressure
- Pidilite reported robust second-quarter revenue growth for the September 2026 quarter.
- Higher input costs and pricing actions put pressure on operating profitability.
- The company operates across consumer adhesives, construction chemicals and industrial solutions in India and international markets.
Pidilite Industries reported strong sales growth for the quarter ended September 30, 2026, while profitability came under pressure from higher input costs. NDTV Profit reported on October 28 that consolidated revenue rose 20.9 percent year on year to 4,298 crore INR and net profit increased 6.2 percent to 615 crore INR.
Revenue Growth Outpaces Earnings
EBITDA increased 3.2 percent to 878 crore INR, but the EBITDA margin contracted to 20.4 percent from 23.9 percent a year earlier. The result points to a widening gap between top-line momentum and operating leverage as raw-material costs rise.
Pidilite raised prices on several Fevicol products by 5 INR per kilogram in October, according to the NDTV Profit report. The increase followed two earlier price changes during the year and was aimed at offsetting higher material costs.
What Investors Will Watch
The earnings profile leaves volume growth, pricing discipline and margin recovery as the main issues for investors. Pidilite's ability to pass through input inflation without weakening demand will shape the next results discussion.
Investors can follow the real-time quote of Pidilite stock on the company's market page.
Business And Competitive Position
Pidilite develops adhesives, pigments, waterproofing products, construction chemicals, paints, wood finishes and industrial bonding solutions. The company is headquartered in Mumbai, India, serves customers in more than 80 countries and operates across consumer, construction and industrial categories.
Its retail and India-focused profile differs from the broader global or more industrial positioning of competitors such as Sika, Henkel and H.B. Fuller. Pidilite's portfolio includes established brands such as Fevicol, Dr. Fixit and Roff, giving it a strong presence across household, construction and manufacturing applications.
Pidilite At A Glance
- Company: Pidilite Industries Limited
- ISIN: INE318A01026
- Reporting period: Second quarter of fiscal 2027, ended September 30, 2026
- Consolidated revenue: 4,298 crore INR, up 20.9 percent year on year
- Consolidated net profit: 615 crore INR, up 6.2 percent year on year
- EBITDA: 878 crore INR, up 3.2 percent year on year
- EBITDA margin: 20.4 percent, compared with 23.9 percent a year earlier
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