Pidilite Q3 Profit Jumps 11.9%, Revenue Beats Estimates

• Pidilite Industries reported an 11.9% rise in net profit to ₹623.84 crore in Q3, exceeding the CNBC-TV18 poll estimate of ₹608 crore.
• Revenue for the quarter grew 10.1% year-on-year to ₹3,709.9 crore, slightly above the poll estimate of ₹3,705 crore.
• EBITDA increased by 12% to ₹894.4 crore, with margins improving to 24.1%, surpassing the 24% poll estimate.
• Managing Director Sudhanshu Vats expressed optimism for future growth, citing improving domestic operating environment, favorable monsoons, and infrastructure impetus.
• The B2B segment grew 2.9% for the quarter, with project business maintaining momentum, though industrial product export revenue was impacted by slower pigment exports.

Why It Matters: Pidilite Industries delivered strong Q3 results, exceeding profit and revenue estimates with double-digit growth.