Pidilite Industries Limited (PIDILITIND) Q2 FY27 Financial Results: PAT ₹1,234 Cr & Revenue ₹4,237 Cr

Pidilite Industries reported strong Q1 FY27 results with standalone revenue at INR4,237 crores (22.2% YoY growth) and consolidated revenue at INR4,541 crores (21.3% YoY growth), driven by volume expansion in Consumer/Bazaar segments and new innovations like Fevicol X-PER and M-Seal Advanced. EBITDA margin improved by 80-120 bps to 26.4%, while gross margin declined 90 bps YoY to 52.5% due to raw material volatility, though pricing discipline and carry-over inventory supported profitability. Profit growth stood at 27.7% standalone and 30.3% consolidated. Management maintained gross margin guidance of 20-24% and EBITDA margin guidance of 20-24%, citing confidence in margin resilience despite input cost pressures. Proposed dividend is INR11.50 per share. Export growth turned negative at -8.4% due to geopolitical headwinds but is expected to recover as conditions normalize. Volume growth in Consumer/Bazaar segments reached 12.2%, outpacing B2B growth of 7.3%. The company emphasized reinvestment of margins into high-potential growth engines like electronics adhesives and UnoFin, targeting 2x-4x expansion in growth businesses. With tile adhesives penetration at 25-30% and waterproofing chemicals growing in mid-teens, Pidilite is positioning for long-term structural gains in underpenetrated construction segments.