Pidilite Industries Ltd Reports Q2 FY26 Results: Revenue Grows by 10.3%, EBITDA Margins Remain Stable

Pidilite Industries Ltd, a leading adhesives manufacturer, reported its Q2 FY26 results with a revenue growth of 10.3% and EBITDA margins remaining stable. The Consumer and Bazaar segment grew by 10.4% UVG, while the B2B business grew by 9.9% UVG. The company's gross margins improved due to benign input prices, with VAM consumption rate declining to $883 from $980 in the same quarter last year. Exports were impacted due to geopolitical uncertainty and tariffs in some markets. The company's domestic subsidiaries reported a revenue growth of 10.7% and EBITDA growth of 22.6%. International subsidiaries reported a top line growth of 4.5% and EBITDA growth of similar magnitude. The company's A&SP will be in the band of 3% to 5% with a focus on GTM capability building and new product launches.