BWI: Pidilite Industries Posts 8.6% Growth on Consolidated Sales, PAT Up 15.8%

Source : Pidilite Industries Ltd Friday, July 29, 2016 5:30PM IST (12:00PM GMT)   (NSE:PIDILITIND) Pidilite Industries Posts 8.6% Growth on Consolidated Sales, PAT Up 15.8%   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 June 30, 2016. FINANCIAL PERFORMANCE   Consolidated Performance Gross sales at Rs. 1,684 Cr grew by 8.6% over the same quarter last year. EBITDA, before non-operating income & exceptional items, stood at Rs. 394 Cr for the quarter and grew by 15.2%. Profit after tax in current quarter is Rs. 271 Cr registering a growth of 15.8% over same quarter in the last year. Standalone Performance Gross sales at Rs. 1,482 Cr grew by 7.1% over same quarter last year with underlying volume & mix growth being 9.3%. This was driven by 7.6% growth in value sales of Consumer & Bazaar products and 4.2% growth in value sales of Industrial Products. EBITDA, before non-operating income & exceptional items, at Rs. 387 Cr is higher by 18.6% over the same quarter last year. Profit after tax at Rs. 272 Cr is higher than last year by 20.3%.  Managing Director’s comment Commenting on the quarter performance, Mr. Bharat Puri, Managing Director, Pidilite Industries Ltd, said: “In the backdrop of a challenging demand environment, we have delivered steady sales volume growth during the quarter. Benign input costs and continued focus on efficiencies have enabled good profit growth.”   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.   Media Contact Details Kapil Kulkarni, Adfactors PR, , kapil.kulkarni@adfactorspr.com   To ensure that you continue to receive email from Business Wire India in your inbox, please add businesswireindia.com to your Address Book or Safe List.   To submit a press release, click here. To unsubscribe or modify your Business Wire India settings, please visit your profile page on Business Wire India. Connect with us on: Facebook | Twitter | Google+