Pidilite Industries Q3 Results: Profit rises 9% to Rs 557 crore, revenue up 8%
Revenue from operations for the third quarter stood at Rs 3,368.91 crore, up about 8% from Rs 3129.99 crore in the same period year ago.
“Despite subdued demand across urban and rural geographies, we continued to make steady progress, with robust revenue and underlying volume growth and healthy levels of profitability,” said Bharat Puri, Managing Director, Pidilite.
“Looking ahead, we remain cautiously optimistic on improved demand conditions as a result of the good monsoon and increased construction activities. We remain committed to our strategic agenda of delivering consistent, profitable volume-led growth through investment in our brands, supply chain and people,” Puri said in a press statement.
Gross margins improved by 100 bps year on year, mainly due to benign input prices, the company said in a statement. EBITDA margins were 24.3% as compared to 25.1% in Q3 FY24.
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