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
Chairman: Madhukar Parekh
Sources: company website, analyst presentation, press release