3 weeks ago

Pidilite targets double-digit volume growth in FY27

Pidilite targets double-digit volume growth in FY27
Pidilite targets double-digit volume growth in FY27 · financialexpress.com

Pidilite is a big Indian company that makes glue and adhesives you may know, like Fevicol and Fevikwik.

These products are sold in shops, small towns, and even online.

In the first three months of its new financial year, the company's sales grew a lot.

Sales went up by more than 21 percent compared with the same time last year.

The company says people are buying more, so it could sell more products without offering big discounts.

The materials used to make glue became more expensive, so Pidilite raised its prices a little.

Now those material prices are falling, and the company plans to share some savings with shops through rebates.

Pidilite hopes to keep growing at a fast double-digit pace for the whole year.

It is also sending more products to villages and small cities and selling fancier versions in quick delivery apps.

Even though costs can change, the company is confident it can keep growing.

Key facts

Q1FY27 consolidated sales
Rs 4,541 crore, up 21.3% year-on-year
Underlying volume growth (Q1FY27)
11.3%
Ebitda margin (Q1FY27)
26.3%, up 120 basis points
FY27 growth target
Double-digit underlying volume growth
Price increases taken in Q1 (C&B portfolio)
2% to 12%
VAM price movement
Rose from ~$850-900 per tonne to nearly $2,000, eased to ~$1,200
FY27 Ebitda margin framework
20-24%
Pidilite Ki Duniya outlets
Nearing 25,000, up from 15,000 a year ago

Quotes

Sudhanshu Vats

Managing Director of Pidilite Industries

“"We are expanding our rural and semi‑urban distribution network to 25,000 outlets, and premium products like NioPro tile adhesive are gaining traction."”
financialexpress.com
“"Both urban and rural markets were currently seeing strong, double‑digit sales growth, with urban demand improving significantly during the quarter."”
financialexpress.com

Sources

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