Pidilite Industries Ltd

CIDO resignation

• Resignation letter dated 24 August 2026 by Vivek Sharma, Chief Information and Digital Officer.
• Last working day set as 31 October 2026.

Meeting Details

• Date: 31 August 2026; time: 05:00 PM to 06:00 PM.
• Mode: Physical; venue: Mumbai.
• Type: Single Institution meeting; organiser: Axis Capital.

Participants

• Organiser: Axis Capital.
• Meeting with: Axis Capital; mode: Physical; venue: Mumbai.

Purpose

• Analyst/Institutional investor meeting under SEBI LODR regulations.

ESOP Allotment

• ESOP-2016 allotment committee allotted 89,340 shares at Re 1 each to eligible employees.
• Post allotment, share capital increases from 1,017,790,348 to 1,017,879,688.
• Allotted shares rank pari passu with existing equity shares.

AGM details

• AGM held via VC/OAVM on 4 August 2026 from 3:00 PM to 4:00 PM.
• Deemed venue: registered office.
• Dividend record date: 23 July 2026.

Key resolutions

• Adoption of Audited Standalone and Consolidated Financial Statements for year ended 31 March 2026.
• Dividend: interim Rs 10 per share already paid; final Rs 11.50 per share approved.
• Re-appointment of A B Parekh as Director retiring by rotation.
• Re-appointment of Kavinder Singh as Director retiring by rotation.
• Remuneration to Cost Auditors for FY ending 31 March 2027 ratified.

Voting results

• Resolution 1 approved with about 99.80% in favour.
• Resolution 2 approved with about 99.998% in favour.
• Resolution 3 approved with about 97.12% in favour.
• Resolution 4 approved with about 99.59% in favour.
• Resolution 5 approved with about 99.87% in favour.

Directors

• Directors re-appointed: A B Parekh and Kavinder Singh, retiring by rotation.

Auditors

• Remuneration of cost auditors for FY ending 31 March 2027 ratified.

Meeting Details

• Date/time: 24 August 2026, 10:00–11:00 AM; single-institution, physical meeting.
• Meeting with: HDFC Mutual Fund
• Venue: Mumbai

Participants

• Key company participant: Company Secretary

Purpose

• Purpose: Schedule of analyst/institutional investor meeting

Additional Notes

• Information hosted on company website

Financial Performance

• Standalone revenue: INR 4,237 crores, up 22.2%, volume growth 11.3%.
• Consolidated revenue: INR 4,541 crores, up 21.3%; EBITDA margin +120 bps; PAT +30.3%.
• Gross margin 52.5%, down 90 bps YoY; EBITDA margin 26.4%, up 80 bps QoQ.
• Domestic subsidiaries revenue grew 11.5%; international subsidiaries grew 12%.

Exports and Pricing

• B2B exports UVG stood at -8.4% in Q1; overall exports degrew due to geopolitics.
• Pricing: Consumer & Bazaar price increases near 10% in the quarter.
• Pricing varies by category and brand; some rebates; inventory carryover occurred.
• VAM prices fluctuated; management proactive pricing based on replacement margins.

Growth and Innovations

• Fevicol X-PER and M-Seal washable described as core innovations.
• UnoFin progress: green shoots; no fixed target disclosed.
• Electronics adhesives focus expanding to auto and EV segments; some commercial traction.
• Waterproofing: Dr. Fixit momentum; projects and retail growth; trained applicators ecosystem.

Market and Competition

• Tile adhesives face rising competition from cement and tile manufacturers.
• Pidilite’s moat: broad plant network, consistent quality, and Total Delivered Cost focus.
• Waterproofing leadership via Dr. Fixit; emphasis on systems and trained installers.

Guidance and Outlook

• Guidance: maintain margin corridor; no change to guidance at this stage.
• Demand remains robust; management saw no demand impact from pricing actions to date.
• First-half focus on growth; double-digit underlying volume growth target implied.

Q&A Highlights

• Exports expected to rebound as geopolitical conditions stabilize.
• Pricing increases largely completed by June; demand unchanged.
• UnoFin progress: green shoots; no fixed target disclosed.
• Tile adhesives competition; moat from plant network and consistent quality.
• Margins: corridor maintained; first-half margin expected to be stronger.
• Electronics adhesives: progress expanding into auto/EV; some commercial traction.

Meeting Details

• Date and time: 18 August 2026, 10:00 am to 1:00 pm.
• Meeting type and mode: Group meeting, physical conference.
• Organizer/event: Motilal Oswal 22nd Annual Global Investor Conference, 2026.
• Venue: Mumbai.

Purpose

• Purpose: Analyst/institutional investor meeting under SEBI LODR regulations.

Earnings call details

• Q1 FY27 earnings conference call on 5 August 2026 at 4:00 PM IST.
• Management on call: Sudhanshu Vats, Kavinder Singh, Sandeep Batra, Bhavesh Joshi.
• Dial-in numbers: Universal Access +91 22 6280 1224, +91 22 7115 8125.
• Event hosted by Equirus Securities; discuss Q1FY27 performance and business updates.