Pidilite Industries delivered a strong financial performance in the first quarter of fiscal year 2026, but Managing Director Sudhanshu Vats' optimism comes with a note of caution. Despite the decent numbers, the caution comes on the back of the global macro economic landscape.
The adhesive manufacturing company reported a consolidated net profit of Rs 678.13 crore in the June quarter of FY26, marking an 18.7% increase, and a 10.53% rise in revenue from operations to Rs 3,753.1 crore.
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Why is MDÂ Sudhanshu Vats cautious?
"We are happy with the strong set of results, but still cautiously optimistic because of the global macro economic scenario and the uncertainty," Vats told NDTV Profit, "We will remain prepared for the headwinds."
Vats noted that he is confident in the company's ability to deliver double digit underlying growth that is established, even given the adverse demand conditions. Given the company's consistent performance, Vats calls any tailwinds a "bonus."
Pidilite segments And Growth
The lower volume growth in the Business to Business or B2B segment compared to the previous year, is attributed to its exposure to the US market. Looking ahead, the company sees electric vehicles or EVs as a promising, long-term opportunity.
"We have good connections with EV players," Vats said, adding that "a lot of products are undergoing testing's which will take," he said. The company is positioned to capitalise on future growth while staying ready for potential headwinds, according to the management.
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