Pidilite Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 07, 2024 at 10:09 am EDT
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Pidilite Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 29,018.5 million compared to INR 26,892.5 million a year ago. Revenue was INR 29,507.3 million compared to INR 27,120.7 million a year ago. Net income was INR 3,005.9 million compared to INR 2,830.3 million a year ago. Basic earnings per share from continuing operations was INR 5.91 compared to INR 5.57 a year ago. Diluted earnings per share from continuing operations was INR 5.9 compared to INR 5.56 a year ago.
For the full year, sales was INR 123,829.9 million compared to INR 117,991 million a year ago. Revenue was INR 125,226.4 million compared to INR 118,487.1 million a year ago. Net income was INR 17,293.8 million compared to INR 12,732.5 million a year ago. Basic earnings per share from continuing operations was INR 34.01 compared to INR 25.05 a year ago. Diluted earnings per share from continuing operations was INR 33.98 compared to INR 25.03 a year ago.
Pidilite Industries Limited is an India-based manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY (Do-It-Yourself) products, and polymer emulsions. The Company, together with its subsidiaries, is focused on consumer and industrial specialty chemicals. The Company's segments include Consumer and Bazaar (C&B), Business to Business (B2B), and Others. The C&B segment covers the sale of products mainly to end consumers, which are retail users such as carpenters, painters, plumbers, mechanics, households, students and offices, among others. The Company's products include adhesives, sealants, art and craft materials and construction and paint chemicals. The B2B segment includes industrial products such as adhesives, synthetic resins, organic pigments, pigment preparations, construction chemicals (projects) and surfactants, among others. It caters to various industries, such as packaging, textiles, joineries, printing inks, paper and leather, among others.
PIDILITE INDUSTRIES LIMITED 
