What are the sales that Pidilite Industries has been able to make in Q4
- Answer Field
-
Pidilite Industries saw a net sales of ₹2,890 Crore, up by 8% from Q4FY23
The fourth quarter of FY24 saw considerable growth for Pidilite Industries. The company saw a standalone Underlying Volume Growth (UVG) in double digits for Q4 and FY24. The EBITDA margin for FY24 stood at 23% with PAT up by 43%. Pidilite Industries' Board of Directors has proposed a final dividend of ₹16 per share.
The company's growth in both Q4FY24 and FY24 underscores its progress. Here are some of the main highlights from Pidilite Industries Q4 Results:
Explore: Pidilite Industries Share Price
Additional Read: Quarterly Results
With the various developments it has had in the years it has been around, Pidilite Industries, has proven that it remains as profitable as ever. With net sales at ₹2,890 Crore, up by 8% from Q4FY23, and net sales for FY24 at ₹12,337 Crore up 5% YoY the company has done well for itself this FY4. The company’s EBITDA for Q4FY24 stood at ₹577 Crore, up 26% from Q4FY23, PBT for Q4FY24 was at ₹498 Crore up 27% from Q4FY23 and PAT for Q4FY24 was at ₹304 Crore up 6% from Q4FY23. Apart from these numbers, the company saw major growth in both their urban and rural markets, the latter even exceeding the growth of the former. The company’s international subsidiaries' revenues for the year also grew by 7.8% over FY23. With the success that the company achieved in FY24 and Q4FY24, the Board of Directors recommended a final dividend of ₹16/share.
Additional Read: Dr. Reddy’s Laboratories Q4 Results
Metrics | For Quarter Ended | For Year Ended | ||
Q4FY24 | Growth % over Q4FY23 | FY24 | Growth % over Q4FY23 | |
Net Sales | 2890 | 8% | 12337 | 5% |
EBITDA | 577 | 26% | 2707 | 36% |
PBT | 498 | 27% | 2451 | 42% |
PAT | 304 | 6% | 1747 | 36% |
The company saw net sales at ₹2,890 Crore, up by 8% from Q4FY23, and net sales for FY24 at ₹12,337 Crore up 5% YoY. Other than this, Pidilite Industries’ EBITDA for Q4FY24 stood at ₹577 Crore, up 26% from Q4FY23, PBT for Q4FY24 was at ₹498 Crore up 27% from Q4FY23 and PAT for Q4FY24 was at ₹304 Crore up 6% from Q4FY23. Add to this the many other business developments it saw in FY24, and the overall increase it saw in construction activities and government spending the company looks like it is in for a favourable future.
Additional Read: Marico Q4 Results
Established in 1959 with a single factory producing Fevicol adhesive, Pidilite Industries expanded its operations. In 1963, it set up its first modern manufacturing plant. Over the years, it grew into one of India's top brands, with notable milestones including winning the Silver Lion award at Cannes in 2002. Acquisitions like M-seal and Tristar Colman furthered its growth, culminating in a turnover of ₹1,000 Cr. in just four decades. In 2006, it acquired Sargent Art Inc. and established its Singapore R&D center, solidifying its global presence.
Additional Read: Lupin Q4 Results
Pidilite Industries has come a long way since being established in 1959 for the production of a single product. Today, in the fourth quarter of FY24, the company's growth has surpassed previous records. With double-digit standalone Underlying Volume Growth (UVG) recorded for both Q4 and FY24, coupled with an FY24 EBITDA margin of 23% & a 43% increase in PAT, the company's trajectory appears promising.
Results for the Fourth Quarter Ended March 31, 2024
Sources:
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
How to Opt for Mutual Fund Redemption
20 May, 2024 | 7 Min. read
HOAC Foods India Limited IPO: Price, Lot Size, Strengths and Risks
19 May, 2024 | 5 Min. read
Benefits, and Types of Debit Cards
19 May, 2024 | 5 Min. read
Unraveling the Legacy: History of Tata Group of Companies
19 May, 2024 | 5 Min. read
Best Ethanol Stocks In India
19 May, 2024 | 3 Min. read
AWFIS Space Solutions Limited IPO: Price, Lot Size, Strengths and Risks
19 May, 2024 | 5 Min. read
JSW Steel Q4 Results: Q4 Profit falls to ₹1,322 Crore
18 May, 2024 | 4 Min. read
Explore Best EV Stocks in India
18 May, 2024 | 4 Min. read
Rulka Electricals Limited IPO: Price, Lot Size, Strengths and Risks
18 May, 2024 | 5 Min. read
Top AI Stocks in India: Investing in the Future of Tech
18 May, 2024 | 4 Min. read
Most Volatile Stocks in India: How to Identify Them?
18 May, 2024 | 4 Min. read
Best Indicators For Intraday Trading
18 May, 2024 | 4 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Pidilite Industries saw a net sales of ₹2,890 Crore, up by 8% from Q4FY23
With diverse business developments and a favorable outlook due to increased construction activities and government spending, Pidilite Industries is poised for a promising future. The company reported robust financials for Q4FY24, with net sales reaching ₹2,890 Cr., marking an 8% increase from Q4FY23.Additionally, the company's EBITDA for Q4FY24 surged to ₹577 Cr., a 26% increase from Q4FY23, while PBT and PAT saw significant growth as well.
Yes, the numbers for Pidilite Industries have indeed been favourable to the company. However, apart from them, here are a few business updates that have added to the company’s growth trajectory:
The company made higher investments in brands and initiatives to make customer relations better and continued
EBITDA Margin for the quarter was 20.5% as compared to 18.4% last year
Both Consumer & Bazar and Business-to-Business (B2B) achieved double-digit Underlying Volume Growth with the help of growth in distribution, innovation and digital initiatives.
Both Urban and Rural markets grew for the company and the Rural markets even outdid the Urban growth
International subsidiaries' revenues for the year grew by 7.8% over FY23
In March 2024, the company fully exited its businesses in the Americas.
No Result Found
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading