Pidilite Industries Limited Reports Earnings Results for the Full Year Ended March 31, 2022
May 18, 2022 at 10:26 am EDT
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Pidilite Industries Limited reported earnings results for the full year ended March 31, 2022. For the full year, the company reported sales was INR 99,209.6 million compared to INR 72,927.1 million a year ago. Revenue was INR 99,572.6 million compared to INR 73,721.1 million a year ago. Net income was INR 12,075.6 million compared to INR 11,312.1 million a year ago. Basic earnings per share from continuing operations was INR 23.76 compared to INR 22.26 a year ago. Diluted earnings per share from continuing operations was INR 23.75 compared to INR 22.24 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.