Pidilite Industries posts 0.7 percent quarterly growth on consolidated sales

| Updated: Feb 03, 2017 16:44 IST

New Delhi [India], Feb. 3 (ANI-BusinessWire India): Pidilite Industries Limited, India's leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter ended December 31, 2016. Consolidated performance of Pidilite is as follows: · Gross sales at Rs 1,431 Cr grew by 0.7percent over the same quarter last year. · EBITDA, before non-operating income and exceptional items, stood at Rs 291 Cr for the quarter and declined by 0.8 percent over the same quarter last year. · Profit after tax in current quarter is Rs 203 Cr registering a growth of 1.7percent over same quarter in the last year. Standalone performance is as follows: · Gross sales at Rs 1,236 Cr declined by 1.6 percent over same quarter last year with underlying volume and mix declining 0.7 percent. · EBITDA, before non-operating income and exceptional items, at Rs 279 Cr is lower by 2.6 percent over the same quarter last year. · Profit after tax at Rs 204 Cr is higher than last year by 3.1 percent. "In a challenging demand environment, we have demonstrated resilience in our Q-3 performance. We supported our channel partners while making efforts to enhance our direct distribution coverage. We remain committed to grow our core categories and drive operational efficiencies," said Bharat Puri, Managing Director, Pidilite Industries Ltd. (ANI-BusinessWire India)
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