Income from operations for the third quarter stood at Rs 3,368.91 crore, up about 8% from Rs 3129.99 crore in the identical interval 12 months in the past.
“Regardless of subdued demand throughout city and rural geographies, we continued to make regular progress, with strong income and underlying quantity development and wholesome ranges of profitability,” mentioned Bharat Puri, Managing Director, Pidilite.
“Trying forward, we stay cautiously optimistic on improved demand situations because of the nice monsoon and elevated development actions. We stay dedicated to our strategic agenda of delivering constant, worthwhile volume-led development via funding in our manufacturers, provide chain and folks,” Puri mentioned in a press assertion.
Gross margins improved by 100 bps 12 months on 12 months, primarily on account of benign enter costs, the corporate mentioned in a press release. EBITDA margins have been 24.3% as in comparison with 25.1% in Q3 FY24.
Internet gross sales grew 9% to Rs 3,357 crore (excluding Pidilite USA and Pulvitec Brazil) over the identical quarter final 12 months. Internet gross sales for the 9 months stood at Rs 9,964 crore, up by 7% (excluding Pidilite USA and Pulvitec Brazil) over the identical interval final 12 months.EBITDA earlier than non-operating revenue stood at Rs 798 crore, up 8% over the identical quarter final 12 months. EBITDA for the 9 months stood at Rs 2,380 crore, up 12% over the identical interval final 12 months.The present quarter’s income development was aided by underlying quantity development of 9.7% throughout classes and geographies. Client and Bazaar (‘C&B’) UVG was 7.3%, whereas Enterprise to Enterprise (‘B2B’) maintained development momentum with UVG of 21.7%.
The corporate’s inventory closed virtually unchanged at Rs 2,754.20 on Wednesday.