Pidilite Industries Q2 FY27 Results: Consolidated Net Profit ₹626 Crore on Total Income of ₹4,362 Crore
Earnings
adhesives and chemicals
Blacklitt Research3 min read
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Pidilite Industries (NSE: PIDILITIND) reported consolidated total income of ₹4,362.18 crore and net profit of ₹626.46 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹4,124.26 crore and standalone net profit was ₹647.00 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹4,362.18 crore, up 21.0% YoY and down 6.1% QoQ
Net profit and EPS: ₹626.46 crore (₹614.53 crore attributable to shareholders); basic EPS ₹6.04
Exceptional item: ₹14.41 crore gain on BuildNext share swap, in the six months ended 30 Sep 2026
Standalone
The company on its own, without its subsidiaries
Total income: ₹4,124.26 crore, up 22.9% YoY and down 5.1% QoQ
Net profit and EPS: ₹647.00 crore, up 10.4% YoY; basic EPS ₹6.36
Other income: ₹129.69 crore, up 89.3% YoY
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
4,362.18
3,604.60
+21.0%
4,643.55
-6.1%
Revenue from operations
4,297.59
3,554.44
+20.9%
4,551.55
-5.6%
Other income
64.59
50.16
+28.8%
92.00
-29.8%
626.46
584.60
+7.2%
883.51
-29.1%
Finance costs
12.70
13.28
-4.4%
13.34
-4.8%
Depreciation
100.06
99.95
+0.1%
97.29
+2.8%
Tax expense
207.77
202.71
+2.5%
308.48
-32.6%
Net profit margin
14.36%
16.22%
-1.86 pp
19.03%
-4.67 pp
Tax as share of profit before tax
24.9%
25.7%
-0.83 pp
25.9%
-1.02 pp
EPS, basic (₹)
6.04
5.69
+6.2%
8.57
-29.5%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Revenue carries the year-on-year rise. Consolidated revenue from operations of ₹4,297.59 crore is up 20.9% on the year-ago quarter, and other income of ₹64.59 crore is 1.5% of total income. Net profit rose 7.2%, more slowly than total income's 21.0%.
The quarter-on-quarter fall is larger. Net profit fell 29.1% from the quarter ended 30 Jun 2026, and tax expense fell 32.6% to ₹207.77 crore. Tax was 24.9% of profit before tax of ₹834.23 crore, against 25.9% in the previous quarter. Finance costs of ₹12.70 crore are 0.3% of total income.
The six-month consolidated results include a ₹14.41 crore exceptional gain from Pidilite Ventures Private Limited's transfer of its entire investment in BuildNext Construction Technologies Private Limited to JSW One Platforms Limited under a Share Swap Agreement. The company says the transfer resulted in that gain. The current quarter shows no exceptional item.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
4,124.26
3,355.82
+22.9%
4,343.65
-5.1%
Revenue from operations
3,994.57
3,287.31
+21.5%
4,249.38
-6.0%
Other income
129.69
68.51
+89.3%
94.27
+37.6%
647.00
585.90
+10.4%
829.87
-22.0%
Finance costs
10.89
10.19
+6.9%
10.90
-0.1%
Depreciation
87.72
85.43
+2.7%
84.49
+3.8%
Tax expense
195.24
193.85
+0.7%
289.65
-32.6%
Net profit margin
15.69%
17.46%
-1.77 pp
19.11%
-3.42 pp
Tax as share of profit before tax
23.2%
24.9%
-1.68 pp
25.9%
-2.69 pp
EPS, basic (₹)
6.36
5.76
+10.4%
8.15
-22.0%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone growth is faster at the top line and at profit. Total income rose 22.9% to ₹4,124.26 crore, and net profit rose 10.4% to ₹647.00 crore. Profit before tax of ₹842.24 crore is up 8.0% on the year-ago quarter, and other income of ₹129.69 crore is 3.1% of total income.
Net profit fell 22.0% quarter on quarter, more than total income's 5.1% fall. Tax was 23.2% of profit before tax, against 24.9% a year earlier. The standalone results report no exceptional items for the quarter or the six months.
Consolidated net profit of ₹626.46 crore is ₹20.54 crore below standalone net profit of ₹647.00 crore. The consolidated results cover the group of 33 subsidiaries, 5 associates and a joint venture as at 30 Sep 2026.
Inference
Capital and employee options: the company allotted 89,340 equity shares on 21 Aug 2026 and 660,480 on 18 Sep 2026 under Employee Stock Option Plan 2016, and granted options over 144,270 equity shares on 27 Oct 2026. Paid-up equity share capital rose from ₹101.78 crore to ₹101.85 crore.
Dividend and group structure: the AGM on 4 Aug 2026 approved a final dividend of ₹11.50 per share for FY 2025-26, aggregating ₹1,170.46 crore, and the cash flow statements show ₹1,170.55 crore paid on equity shares in the six months. Pidilite Insignia Limited became a subsidiary on 24 Feb 2026, and Nina Percept (Bangladesh) Pvt. Ltd was voluntarily liquidated from 19 Aug 2026.
The filing does not say why profit fell from the previous quarter, why Nina Percept (Bangladesh) Pvt. Ltd was liquidated, or when any further dividend might be paid.
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PIDILITINDPidilite Industries Ltd.
