Pidilite Industries Q4 Results 2022: reported 36% sales growth for FY2022

On 18th May 2022,  Pidilite Industries announced its quarterly results for the last quarter of FY2022.

Key Highlights:

Q4FY22: (Consolidated)

- Pidilite Industries reported a consolidated net profit at Rs.254 crore for Q4FY22 from Rs.306 crore in Q4FY21, with a drop of 16.99%

- The company's revenue from operations rose 12.12% to Rs.2507 crore in the quarter under review from Rs.2236 crore in the same quarter last fiscal.

- EBITDA stood at Rs.401 Crore from Rs.461 crore in Q4FY21, saw a decline of 13.01%

FY2022: (Consolidated)

- The company reported a net profit at Rs.1208 crore for FY2022 from Rs.1131 crore in FY2021, with a growth of 6.80%

- The company's revenue from operations rose by 36.03% to Rs.9921 crore for the year from Rs.7293 crore in FY2022.

- EBITDA stood at Rs.1847 Crore from Rs.1686 crore in FY2021, seeing a drop of 2.31%

Segment Revenue:

- Consumer Bazar Products: The Consumer Bazar Products segment reported revenue at Rs.1599.2 Crore with a growth of 10.21% YoY for Q4FY22 and reported revenue at Rs.6579.16 Crores for FY2022 with a growth of 31.63% YoY.

- B2B: The B2B segment reported revenue at Rs.523.43 Crore with a growth of 24.4% YoY for Q4FY22 and reported revenue at Rs.1870.73 Crores for FY2022 with a growth of 45.83% YoY.

- Others: The other business segments reported revenue at Rs.18.77 Crore with a growth of 7.87% YoY for Q4FY22 and reported revenue at Rs.63.70 Crores for FY2022 with a growth of 65.32% YoY.

Commenting on the year-end and quarter performance, Mr. Bharat Puri, Managing Director, Pidilite Industries Ltd, said: “Over the year, we have been able to deliver consistent and robust value and volume growth across our businesses as well as geographies. Despite significant input cost volatility and supply challenges, we have managed our profitability reasonably well assisted by a combination of calibrated pricing and effective cost management actions. This quarter registered price-led growth with volumes being subdued on account of a significantly enhanced base (45% growth in the same quarter last year) along with the pandemic closures in January. Input prices were the highest in this quarter over the last few years. While there are near-term concerns around significant inflation and the impact of this on market growth, we are confident of the medium to long-term prospects of the home improvement sector and remain focused on delivering consistent and profitable volume-led growth.” 

The Board of Directors has proposed a final dividend of Rs.10 Per share, subject to the approval of shareholders at the AGM.