Pidilite Industries Q1 Results FY2023, PAT at Rs. 357.52 crores

On 10th August 2022, Pidilite Industries announced its quarterly results for the first quarter of FY2023.

Q1FY23 Key Highlights:

- Net sales at Rs. 3,091 Crores grew by 60% over the same quarter last year. 

- EBITDA before non-operating income at Rs. 529 Crores grew by 52% over the same quarter last year. 

- Profit before Tax and Exceptional items (PBT) at Rs. 473 Crores grew by 63% over the same quarter last year. 

- Profit after tax (PAT) at Rs. 357.52 Crores grew by 64% over the same quarter last year. 

Commenting on the quarter performance, Mr. Bharat Puri, Managing Director, Pidilite Industries Ltd, said: “In this quarter, we have recorded robust value and volume growths which have been broad-based across businesses, categories and geographies. While input costs have continued to be high during this quarter, EBITDA margins remained constant sequentially on account of calibrated pricing, increased sales and effective cost management actions. While the near term remains challenging, we remain cautiously optimistic on the medium term given the recent softening of input prices led by lower oil prices, a good monsoon and continued good demand conditions in the housing and home improvement sector. Our focus continues to be to deliver broad based profitable volume growth.”