InvestorQ : How were the quarterly numbers of Pidilite Industries for fourth quarter ended Mar-22?
Deepa Salunkhe made post

How were the quarterly numbers of Pidilite Industries for fourth quarter ended Mar-22?

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Arya Nanda answered.
9 months ago
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For the March 2022 quarter, Pidilite Industries, the makers of Fevicol, saw 12.2% growth in sales at Rs2,507 crore. FY22 full year revenues were up 36% at Rs9,921 crore. For Q4FY22, Pidilite Industries recorded growth of 10.6% in its retail based consumer bazaar business and a 20.6% growth at Rs645 crore on its B2B institutional business vertical. Like in most cases, the net cash from operations for FY22 fell -31% to Rs955 crore on spike in inventories and trade receivables. This is indicating of supply chain constraints in the quarter.

Pidilite Industries

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 2,507.10

₹ 2,235.52

12.15%

₹ 2,850.72

-12.05%

Net Profit (Rs cr)

₹ 254.35

₹ 306.19

-16.93%

₹ 358.49

-29.05%

Diluted EPS (Rs)

₹ 5.00

₹ 6.02

₹ 7.05

Net Margins

10.15%

13.70%

12.58%

  

Let me now turn to the profit performance of Pidilite. Net profits were down -16.9% at Rs254 crore, largely on account of a 30% spike in raw material costs during the quarter. In terms of verticals, the EBIT of the consumer bazaar vertical and the B2B institutional vertical fell sharply. Net margins were 10.15% in Q4FY22 quarter compared to 13.70% in Q4FY21 and 12.58% in Q3FY22. A final dividend of Rs.10 per share for year has been recommended.

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