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Adhesives and Sealants TopicsFinished Adhesives and Sealants

2022 ASI Top 20: Pidilite Industries Ltd.

asi top 20

The ASI Top 20 incorporates financial data and additional details from multiple sources. (Image courtesy of gremlin via gettyimages.com.)

June 27, 2022

Pidilite operates with three main business segments: Consumer & Bazaar (79.6% of total net sales), Business to Business (19.7%), and Others (0.7%). The company’s consolidated net sales in its 2022 fiscal year (ended March 31, 2022) were Rs 9,880 cr (approximately $1.3 billion), representing an increase of 36.3% over the prior fiscal year. The company attributed its growth to strong volume “enabled by the focus on digital initiatives, innovation and building a resilient and agile supply chain.”

Adhesives and sealants products produced in the Consumer & Bazaar segment represented 53.4% of total net sales for the year, or approximately Rs 5,275 cr (~ $680.4 million). Pidilite also produces industrial sealants in the Business to Business segment. Sales here reached about Rs 642 cr (~ $82.8 million), or 6.5% of total sales.

With approximately 7,500 global employees, Pidilite operates manufacturing facilities in India, the U.S., Thailand, Dubai, Brazil, Egypt, Bangladesh, Sri Lanka, and Kenya. The company has five R&D centers (three in India and one each in Singapore and the U.S.).  


No. 14 | Pidilite Industries Ltd.

Mumbai, India    
www.pidilite.com
Chairman: Madhukar Parekh  
Sources: company website, analyst presentation, press release

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