PIDILITIND Pidilite Industries Q3 FY26 results (Oct–Dec 2025) and concall
Pidilite delivered a strong Q3 FY26 with domestic franchise continuing to strengthen (11% domestic UVG). Exports were the main drag, declining 13.5% due to US tariff impacts on pigments and indirect B2B exposure. Management is confident this is largely behind them. Gross margin tailwinds from benign VAM prices were partially offset by a one-time Wage Code provision. The company continues to invest behind brands (stepped up A&SP) while maintaining margins at the upper end of their 20-24% EBITDA corridor. Construction portfolio shows no slowdown with Dr. Fixit regaining market share and Roff/til
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What they filed
Q3 FY26: revenue up 10.1%, net profit up 12.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 3,235 | 3,369 | 3,141 | 3,753 | 3,554 +10% | 3,710 +10% |
| EBITDA | 768 | 798 | 632 | 941 | 850 +11% | 894 +12% |
| Net profit | 540 | 557 | 428 | 678 | 585 +8% | 624 +12% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
