Log In

 
Company : Pidilite Industries Ltd 
Thursday, February 2, 2017 5:51PM IST (12:21PM GMT)
 
(NSE:PIDILITIND)
Pidilite Industries Posts 0.7% Quarterly Growth on Consolidated Sales, PAT Up 1.7% (YoY)
Mumbai, Maharashtra, India

Pidilite Industries Limited, India’s leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter ended December 31, 2016.
 
FINANCIAL PERFORMANCE
 
Consolidated Performance
 

  • Gross sales at Rs 1,431 Cr grew by 0.7% over the same quarter last year.
  • EBITDA, before non-operating income & exceptional items, stood at Rs 291 Cr for the quarter and declined by 0.8% over the same quarter last year.
  • Profit after tax in current quarter is Rs 203 Cr registering a growth of 1.7% over same quarter in the last year.
 
Standalone Performance
 
  • Gross sales at Rs 1,236 Cr declined by 1.6% over same quarter last year with underlying volume & mix declining 0.7%.
  • EBITDA, before non-operating income & exceptional items, at Rs 279 Cr is lower by 2.6% over the same quarter last year.
  • Profit after tax at Rs 204 Cr is higher than last year by 3.1%.
 
MD COMMENTS
 
Commenting on the quarter performance, Mr. Bharat Puri, Managing Director, Pidilite Industries Ltd, said:
 
Q3 2016-17:
 
“In a challenging demand environment, we have demonstrated resilience in our Q-3 performance. We supported our channel partners while making efforts to enhance our direct distribution coverage. We remain committed to grow our core categories and drive operational efficiencies.”
 
About Pidilite:
  
Pidilite Industries Limited is a leading manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY (Do-It-Yourself) products and polymer emulsions in India. Our products range also includes paint chemicals, automotive chemicals, art materials and stationery, fabric care, maintenance chemicals, industrial adhesives, industrial, textile resins and organic pigments & preparations. Most of the products have been developed through strong in-house R&D. Our brand name Fevicol has become synonymous with adhesives to millions in India and is ranked amongst the most trusted brands in the country. Some of our other major brands are MSeal, Fevikwik, Fevistik, Roff, Dr. Fixit, Fevicryl, Motomax and Hobby Ideas.

 
For News Release background on Pidilite Industries Ltd click here
 
Media Contact Details
Kapil Kulkarni, Adfactors PR, kapil.kulkarni@adfactorspr.com
 
 
Submit your press release
More News from Pidilite Industries Ltd

26/07/2017 11:45AM

Pidilite Industries Posts 1 percent Decline on Consolidated Sales, Operating Profit Declined by 19 percent for Q1 QoQ

Pidilite Industries Limited, India's leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter ended June 30, 2017.

19/05/2017 12:14PM

Pidilite Industries Posts 6.8 Percent Growth on Consolidated Sales, Operating Profit Grew by 7.7 Percent (Q4 YoY)

Pidilite Industries Limited, India's leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter and year ended March 31, 2017.

03/10/2016 6:20PM Image

Roff Opens 20 Experience Centres in Kerala

Roff from the house of Pidilite, the industry leader in construction chemicals, has opened 20 Roff Experience Centres (REC) in Kerala. The REC is a unique experience centre aimed at spreading awareness of the latest ...

Similar News

21/09/2017 8:26PM

Encanto Potash Corp Secures CAD $100 Million Capital Commitment from GEM Global

Encanto Potash Corp. ("Encanto" or the "Company") the TSX-V listed Potash development; Mining and Operating company (TSX-V: EPO) is pleased to announce that it has secured a commitment for a CAD $100 ...

No Image

21/09/2017 8:08PM

Corporate Social Responsibility Related News Releases and Story Ideas for Reporters, Bloggers and Media Outlets

Following are the latest Corporate Social Responsibility news releases and story ideas available from Business Wire. These recaps, curated by Business Wire, provide reporters and bloggers around the globe instant access ...