Slides
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Q2 FY 27EARNINGS PRESENTATION
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OUR BRANDS COREGROWTHPIONEER Joineries
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DISCLAIMER 5 This presentation may contain statements which reflect the management’s current views and estimates and could be construed as forward-looking statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from the current views being expressed. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments.
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INDEX •Financial Performance•New Product Introduction •Marketing Initiatives•Awards & Recognition •Standalone •Segment•Subsidiaries•Consolidated 12 3 4 5 Performance OverviewDetailed Financial Performance Sustainability JourneyPerformance OutlookCompany Information
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Performance Overview
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8 FINANCIAL PERFORMANCE – Q2 and H1 FY27 STANDALONEQ2 FY27 Performance:•Net Sales at Rs 3,982 Cr grew by 21.7% with Underlying Volume Growth (UVG) of 10.7%.•Consumer and Bazaar (‘C&B’) revenue grew by 20.7% with UVG of 11.1%.•Business to Business (‘B2B’) revenue grew by 21.8% with UVG of 9.2%.•EBITDA margin was 20.4% despite input cost headwinds.•PAT grew by 10.4%.H1 FY27 Performance:•Net Sales at Rs 8,219 Cr grew by 22.0% with UVG of 11.0%.•EBITDA margin at 23.5%, with EBITDA growing 14%. Timely pricing actions and disciplined cost management,enabled the Company to absorb the impact of input cost inflation.•PAT grew by 19.5%.
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Rs 1,962 Cr 18.2% Rs 1,932 Cr(23.5%) EARNINGS SUMMARY – STANDALONE 9 Q2 FY27Net Sales #EBITDA */( Margin %)PBT *PATH1 FY27 #Net Sales excludes Other Operating Revenue.*EBITDA is before non-operating income. PBT is Profit before tax, Exceptional Items and share of JV and associates. Rs 3,982 Cr 21.7%Rs 811 Cr(20.4%) Rs 842 Cr 8.0% Rs 647 Cr 10.4% Rs 8,219 Cr 22.0% Rs 1,477 Cr 19.5% 0.5%14%
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10 FINANCIAL PERFORMANCE – Q2 and H1 FY27 CONSOLIDATEDQ2 FY27 Performance:•Net Sales at Rs 4,285 Cr grew by 21.1%.•Domestic subsidiaries grew by 22.2%.•International subsidiaries grew by 21.8%.•EBITDA grew by 3.1% over Q2 FY26, with EBITDA Margin at 20.5%.•PAT grew by 7.1%H1 FY27 Performance:•Net Sales at Rs 8,826 Cr grew by 21.2%.•Domestic subsidiaries grew by 16.8%.•International subsidiaries grew by 17%.•EBITDA Margin is 23.5%.•PAT grew by 19.6%.
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EARNINGS SUMMARY – CONSOLIDATED 11Net Sales #EBITDA */ (Margin %) PBT *PATRs 1,510 Cr 19.6% Rs 2,005 Cr 17.6% Rs 2,071 Cr(23.5%) Rs 8,826 Cr 21.2% Rs 4,285 Cr 21.1% Rs 878 Cr (20.5%)Rs 829 Cr 5.3% Rs 626 Cr 7.1% #Net Sales excludes Other Operating Revenue.*EBITDA is before non-operating income. PBT is Profit before tax, Exceptional Items and share of JV and associates. Q2 FY27H1 FY273.1%15.6%
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NEW PRODUCT INTRODUCTION 12 Together, these products address specialized, high-value segments—woodworking and premium stone installations—where performance, aesthetics, and ease of use drive buying decisions. They offer clear differentiation through color matching, faster application cycles, and professional-grade finish, supporting premium pricing and repeat demand among skilled users. Araldite
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NEW PRODUCT INTRODUCTION 13Kwik N Ezee is a transparent patch repair waterproof PU Based Coating for DIY Roof and Exterior Crack Repair. Easy to use without any breakage and can be applied easily with the brush present inside the pack across multiple types of surfaces. It is quick drying and is the perfect solution to stopping urgent leakages across the houseDr. Fixit
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MARKETING INITIATIVES 14 Roff rolled out a campaign, 'Jailer' , to highlight the importance of choosing the right tile installation system for long-lasting performance.
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MARKETING INITIATIVES 15 Dr. Fixit prescribes a dose of waterproofing in its latest humour-led campaign
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MARKETING INITIATIVES 16 Fevicol MR launched a limited-edition Spider-Man collection in collaboration with Marvel
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17 MARKETING INITIATIVES Cultural IntegrationsDr. Fixit supports Warkaris at Pandharpur Wari with on-ground monsoon initiative
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18 MARKETING INITIATIVES Cultural Integrations Faith Meets Ingenuity: M-Seal Became Kawad Yatra 2026’s Unsung Hero
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19 MARKETING INITIATIVESOur impactful events & exhibitions PPS XDesign Directories PPS XDesign Dialogues PIL IPXITPO Footwear PIL IPXProductronica
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20 AWARDS & RECOGNITIONFevikwik AnniversaryX IAA Pidilite & Jiostar Tribute to Piyush Pandey XDG+ Fevicol IPL 2026X DG+ Fevicol Kursi Pe NazarX IAA Won the INDIAA Awards 2026 in the category of Home Décor, Infrastructure & FittingsWon Gold under the “Excellence in Brand Awareness & Recall” categoryWon Gold under the “Excellence in Storytelling & Narrative Marketing” categoryWon in the Home Care Essentials, Miscellaneous Home Goods & Stationery category
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Detailed FinancialPerformance
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EARNINGS SUMMARY – STANDALONEH1Q2PARTICULARSGrowth (%)FY27FY26Growth (%)FY27FY2622.0%8,2196,74021.7%3,9823,272Net Sales32.3%4,1183,11340.7%2,1061,497Material Costs9.1%276253-12.6%123141A&SP9.6%9038248.5%449414Staff Costs 15.1%1,01588217.8%505429Other Expenses14.0%1,9321,6950.5%811807EBITDA23.5%25.2%20.4%24.7%EBITDA Margin18.2%1,9621,6598.0%842780Profit before tax23.9%24.6%21.2%23.8%Profit before tax Margin19.5%1,4771,23610.4%647586Profit after tax22 In Crs
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SEGMENT OVERVIEW – STANDALONE 23Rs 285 Cr 13.7% Rs 1,641 Cr 18.8% Rs 1,968 Cr 14.1% Rs 6,656 Cr 21.6% Rs 3,198 Cr 20.7%Rs 841 Cr 2.5%Rs 820 Cr 21.8% Rs 115 Cr -3.4% Q2 FY 27H1 FY27Revenue from operation #PBIT^Revenue from operation #PBIT^Business to Business (B2B)Consumer & Bazaar (C&B) #Revenue includes other operating revenue and excludes intercompany eliminations. ^PBIT is Profit Before Interest, Tax ,Exceptional Items and unalloacable expenses.
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SEGMENT OVERVIEW – STANDALONE Consumer and Bazaar (C&B)•C&B segment revenue grew by 20.7% for thequarter•PBIT grew by 2.5%.Business to Business (B2B)•B2B segment grew by 21.8% for the quarter.•PBIT declined by 3.4%.24
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DOMESTIC SUBSIDIARIES PERFORMANCE 25Rs 7 Cr(3.6%)Rs 186 Cr 12.2% Rs 56 Cr(16.8%)Rs 333 Cr 19.5% Rs 178 Cr 22.1%Rs 30 Cr (16.7%)Rs 94 Cr 22.4% Q2 FY27H1 FY27 *EBITDA is before exceptional items. Figures are reported excluding consolidation adjustments.Business to Business (B2B)Consumer and Bazaar (C&B)Net SalesEBITDA */ (Margin %)Net SalesEBITDA *18.5% 755.4% 19.0% Rs 1 Cr (0.8%)112.9%
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OVERSEAS SUBSIDIARIES PERFORMANCE 26Rs 211 Cr 17.1% Rs 31 Cr(14.4%) Rs 212 Cr 16.8% Rs 119 Cr 25.3%Rs 16 Cr (13.8%)Rs 107 Cr 18.1% Q2 FY27H1 FY27 *EBITDA is before exceptional items. Figures are reported excluding consolidation adjustments.Net SalesEBITDA */ (Margin %)Net SalesEBITDA *Middle East and AfricaMiddle East & AfricaAsia131.7%120.2% Rs 23 Cr (21.4%)19.9%Rs 48 Cr(22.9%) 28.1%
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EARNINGS SUMMARY – CONSOLIDATEDH1Q 2PARTICULARSGrowth (%)FY27FY26Growth (%)FY27FY2621.2%8,8267,28321.1%4,2853,540Net Sales30.4%4,3293,32038.3%2,2111,598Material Costs8.9%292268-11.8%132150A&SP9.8%1,0269358.6%511471Staff Costs13.8%1,13099316.7%566485Other Expenses15.6%2,0711,7923.1%878851EBITDA23.5%24.6%20.5%24.0%EBITDA Margin17.6%2,0051,7045.3%829788PBT Before Share in Asso. & JV22.8%23.4%19.5%22.2%Profit before tax Margin19.6%1,5101,2637.1%626585Profit after tax27 In Crs
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SUSTAINABILITYJOURNEY
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Our CorePillarsFuture ActionsValue Chain Integration• Onboarding valuechain partners into ESG framework• Quantifying Scope 3 emissions• Product Life Cycle Assessments• Align Decarbonization Strategy with SBTi• Handhold value chain partners for theiremission reduction• Execute action plans to deliver ESG goals and pave way for net zeroBusiness TransformationCompetitive Edge• Achieve 2030 goals• ESG value creation for suppliers• New business opportunities due to ESG performance2025 - 20272027 - 20292030 Proactive approach to integrate sustainability into business strategy 29 EnvironmentCombatting Climate Change &Sustainable InnovationSocialServicing People andCommunitiesGovernanceResponsible ValueCreationSUSTAINABILITY JOURNEY - APPROACH
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FY’19(baseline)Water Use Intensity68%ReductionFY’26Energy Use IntensityFY’19(baseline)FY’2672%ReductionRenewable Energy MixWaste Disposal IntensityFY’19(baseline)FY’2682%ReductionFY’19(baseline)FY’269%Increase11%Increase inEmissionsComparison of Volume Produced and Absolute GHG Emissions247%Increase in VolumeFY’19 FY’26Volume Produced (Metric Tons)Absolute Scope 1 + 2 Emissions (tCO2) SUSTAINABILITY JOURNEY – KPI’s 30 Our CorePillarsMeasurable OutcomeEnvironmentCombatting Climate Change &Sustainable InnovationSocialServicing People andCommunitiesGovernanceResponsible ValueCreationThe execuƟon of idenƟfied acƟons delivering measurable outcomes Kiloliter/ Metric Ton2.380.75Renewable energy consumption40.0% 48.4% Gija Joules/ Metric TonKilogram / Metric ton1.800.5122.023.6255,39450,126 4,00,327 13,88,052
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PERFORMANCE OUTLOOK
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PERFORMANCE OUTLOOK We sustained the growth momentum in Q2 FY 27 with broad-based, double-digit UVG leading to 20% plus revenue growth. Despite very high material inflation, amidst unprecedented volatility and uncertainty we delivered steady margins in H1 FY27 . We remain confident to continue the first half business momentum into the second half of the year.We will continue to invest behind our brands, innovation and distribution. Our resilient business model and our disciplined execution will help us deliver profitable growth in the current environment.32
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COMPANY INFORMATION
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PIONEERGROWTH CORE 1-2X GDP 2-4X GDP100 Crores revenuein 3 yearsEstablished Brands with high market maturity and strong share positionEmerging categories withsignificant potential formarket growth or share gainNascent Categories with huge market creation opportunityCREATING VALUES BY CREATING CATEGORIES 34
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5-YEAR PERFORMANCE BY BUSINESS SEGMENTS (STANDALONE) Consumer and Bazaar (C&B) Business to Business (B2B)Percentage of Total Sales represented3580%81%82%81%82%70%72%74%76%78%80%82%84%2021-22 2022-23 2023-24 2024-25 2025-2620%19%18%19%18%10%12%14%16%18%20%22%2021-22 2022-23 2023-24 2024-25 2025-26
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INDUSTRY SEGMENT COMPOSITION 36 81.6%Consumer &Bazaar products18.0%Business to Businessproducts0.4%OthersStandalone Results - % of Total Sales based on FY 2025-2622.6%Construction & Paint Chemicals53.4%Adhesives &Sealants4.9%Industrial Adhesives 3.4%Pigment &Preparations9.7%Industrial Resins,Construction chemicals(Project) etc.0.4%Others5.6%Art & Craft materials and Others
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Brand established in 1959Pioneer in Consumer & Specialty ChemicalsAdhesives & sealants, construction chemicals, art & craft products & polymer emulsionsAmong the most trusted brands in the country. Other big brands include M-Seal, Fevikwik, Fevistik, Roff, Dr. Fixit, Fevicryl, Araldite, Araldite Karpenter and Araseal.Our JourneyCOMPANY AT A GLANCE 37
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COMPANY AT A GLANCEWe operate inR&D Centers 80+Countries8RegionalOffices 3Regional Distribution Centers45Warehouses Manufacturing set ups 32Plants 29Co-Makers6International Set-up(Thailand, Dubai, Egypt, Bangladesh, Sri Lanka & Kenya) 5India1Singapore38
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Revenue Figures are excluding consolidation adjustments. Revenue (FY 26) details19Subsidiaries(Incl 1 partnership) StandaloneRs 12,570 Cr SubsidiariesRs 952 Cr 15 Employees (Standalone)9000+Distributors5900+ Products850+ SKUs6200+ COMPANY AT A GLANCEDOMESTICINTERNATIONALAssociates6 1Export (Standalone) Rs 918 Cr SubsidiariesRs 715 CrSubsidiaries(5 Direct, 14 Step down)Joint Venture
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Note: The Net Profit considered for above calculation is excluding exceptional items SHAREHOLDERS’ UPDATE Shareholding Pattern – 30th September 2026Share Price MovementRebased to 100Dividend Payouts69.18%3.92%12.42%14.48%PromotersMutual FundsFPIsOthers43%45%45%49%70%FY22 FY23 FY24 FY25 FY26FY 26: This includes a special interim dividend of Rs 5 (post bonus) making total dividend payout ratio of 70.2%, excluding the one-time special interim dividend, the payout ratio is 48.9%.
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investor.relations@pidilite.co.inManisha Shetty[Company Secretary]Ramkrishna Mandir Road,Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059.Phone : +91 22 67697000Fax : +91 22 28216007 INVESTOR CONTACTCIN : L24100MH1969PLC014336 Disclaimer: This presentation may contain statements which reflect the management’s current views and estimates and could be construed as forward looking statements.The future involves certain risks anduncertainties that could cause actual results to differ materially from the current views being expressed. Potential risks and uncertainties include such factors as general economic conditions, foreignexchange fluctuations, competitive product and pricing pressures and regulatory developments.