3 weeks ago
Pidilite targets double-digit volume growth in FY27
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.
Pidilite Industries expects demand to stay resilient and is targeting double-digit underlying volume growth in FY27 despite geopolitical tensions and volatile raw material prices.
Consolidated sales rose 21.3% year-on-year to Rs 4,541 crore in Q1FY27, with underlying volume growth of 11.3% and price-led growth of 10%.
Ebitda margin expanded 120 basis points to 26.3%, helped by healthy demand, timely price increases, favourable inventory costs and tight expense control.
The company took price increases of 2% to 12% across its consumer and bazaar portfolio in Q1 to pass on raw material cost inflation.
Pidilite is expanding its Pidilite Ki Duniya rural network toward 25,000 outlets and pushing premium products such as NioPro and Fevikwik's higher-end variants via quick commerce.
- Who
- Pidilite Industries, the Mumbai-based adhesives and construction chemicals maker whose consumer brands include Fevicol, Fevikwik and Dr. Fixit, led by managing director Sudhanshu Vats
- What
- Reported strong Q1FY27 results and set a target of sustaining double-digit underlying volume growth through FY27
- Where
- India, spanning urban and rural markets; the company is headquartered in Mumbai
- When
- During the June quarter (Q1FY27), with the growth outlook covering the full FY27
- Why
- Strong demand, timely price increases, favourable inventory costs and tight operating expense control drove performance, though volatile raw material prices and geopolitical tensions remain risks
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







