Q4 FY 2022 Review

Pidilite Industries Limited reported net revenue of ₹2,507.10 crores for the quarter ended March 31, 2022, compared to ₹2,235.52 crores for March 31, 2021. EBIT and Profit After Tax were ₹350 crores and ₹254.35 crores for the quarter ended March 31, 2022, as compared to ₹429.93 crores and ₹307.44 crores, during the corresponding quarter of the previous year.

Pidilite Industries Limited - Investment Summary

Pidilite Industries Limited - Overview

• Pidilite Industries is India’s leading manufacturer of adhesives, construction chemicals, specialty chemicals, consumer, and maintenance products.

• The company has a portfolio of over 1,000 products developed through strong-in-house R&D.

• It has 6,000 distributors and 6,00,000 dealers/retailers across India.

• It has manufacturing facilities in India, Bangladesh, Thailand, Singapore, Dubai, Brazil, U.S., and Egypt.

• It has State-of-art R&D centers in India and Singapore.

Pidilite Industries Limited - Quarterly Summary

Business

• Pidilite Industries Limited was incorporated on 28th July 1969.

• Pidilite was the first company in India that started the production of violet pigment in the year 1973.

• The company got listed on BSE in the year 1993.

• Fevicol, the company’s premier brand, ranked among the top 15 Indian brands by the FE Bandwagon in 1997.

• The company ranked among the best 100 brands in the year 2014.

• Some of the company’s major brands include Fevicol, Fevicol MR, Dr. Fixit, Fevikwik, M-Seal, Fevistik, Hobby Idea’s, and Fevicryl.

• The company operates under two business segments:

  • Branded Consumer & Bazaar:

    • Products such as adhesives, sealants, art & craft materials, and construction and paint chemicals are covered under Branded Consumer & Bazaar.

    • These products are widely used by carpenters, painters, plumbers, mechanics, households, students, offices, and many more.

  • Business to Business:

    • Business to Business segment covers products such as industrial adhesives, industrial resins, construction chemicals, organic pigments, pigments preparation, and many more.

    • It caters to various industries like packages, joineries, textiles, paints, printing inks, paper, leather, etc.

• Out of the total revenue, 79% of revenue have generated from Branded Consumer & Bazaar and 21% from Business to Business in FY 2022, compared to 80% and 20% in FY 2020.

  

• Out of total revenue, 85% of revenue is received from India and 15% from outside India in FY 2022, compared to 83% and 17% in FY 2021.

  

Pidilite Industries Limited - Ratio Analysis