Synopsis:
A leading adhesives giant fixed September 23, 2025, as the record date for a 1:1 bonus share issue. Strong Q1 growth, margin stability, rural demand, and global presence reinforce its market dominance and long-term growth outlook.
The shares of the prominent manufacturer of industrial adhesives rose by up to 1 percent in the morning session after the company’s board had fixed a record date for the issue of bonus equity shares in the ratio of 1:1.
With a market capitalization of Rs 1,56,778.85 crore, the shares of Pidilite Industries Ltd were trading at Rs 3,081.00 per share, increasing around 0.21 percent as compared to the previous closing price of Rs 3,074.45 apiece.
Bonus Record date
The shares of Pidilite Industries Ltd have seen bullish movement after the board of directors fixed Tuesday, 23rd September, 2025, as the record date for the issue of bonus equity shares in the ratio of 1:1 to the eligible shareholders of the company.
Operational & Financial Highlights
Pidilite Industries Ltd commands a dominant market share of approximately 70% in India’s branded adhesives segment, with its flagship brand Fevicol leading the category and becoming almost synonymous with adhesives in the country.
The company reported solid growth in Q1FY26, with revenue rising 11 percent to Rs 3,753 crore on a YoY basis and net profit increasing 19 percent to Rs 678 crore in the same period. Strong earnings indicate improved operational efficiency and healthy demand, reflecting consistent financial performance and reinforcing confidence in the company’s growth trajectory.
The company’s state-wise performance shows easing headwinds in Gujarat and Andhra Pradesh, though competitive pressure persists, especially in Hyderabad’s tile adhesives market. Kerala faces ongoing challenges. Rural growth continues to outpace urban, driven by a strong demand-generation model, expanded direct coverage, and initiatives like PKDs (Pidilite Ki Duniya) and DFCs (Dr. Fixit Centers), supporting sustained market penetration.
The company expects EBITDA margins to remain within the 20–24% guidance range. Q1 margins are unusually high at over 25%, with a likely normalization throughout the year. Favorable input costs increase the likelihood of higher-end margins. Advertising and sales promotions are flexible, managed according to brand and business requirements rather than quarterly targets, ensuring strategic spending.
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The management remains highly confident, driven by consistent, strong volume growth and robust rural-rurban distribution expansion. Their focus on innovation, premiumization, and disciplined entry into new categories supports sustainable growth. Margin benefits from lower input costs and operating leverage, while proactive risk management and strategic investments in talent, pilots, and initiatives position the company well against macro uncertainties.
This company has a massive domestic and international presence. It operates 33 plants, partners with 31 co-makers, and boasts over 8,150 employees and 5,050 distributors in India. Its trusted brands and strong R&D drive exports of pigments and emulsions to markets across Europe, North America, and Asia
Written by Abhishek Singh
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