Pidilite Industries anticipates a quick recovery in its US exports, which slowed in Q3 FY’26, following the India-US tariff revision, said its Managing Director Sudhanshu Vats on Wednesday.
The company expects to continue its ‘double-digit underlying volume growth’ in the fourth quarter, and in the coming fiscal year, FY’27, he said in a post result briefing.
Pidilite Industries on Tuesday declared its earnings for the December quarter, in which it reported a 12 per cent rise in consolidated net profit at Rs 623.84 crore on a year-to-year basis. Its revenue from operations stood at Rs 3,709.91 crore, up 10.12 per cent.
During the quarter, Pidilite’s industrial products revenue under its Business to Business (B2B) was impacted by lower exports. Its EBIT also declined in Q3 by 77 bps due to slower exports.
When asked about the impact of the India-US deal, Vats said: “Our export component, fortunately for us, is small, but we do export to the US. That has slowed down quite a lot.”
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