• Q1 financial performance: Pidilite delivered 21.3% consolidated growth, an EBITDA margin of 26.3%, and 11.3% underlying volume growth, supported by resilient demand, disciplined pricing, and low-cost inventory benefits.
• Input cost pass-through: The company plans to pass on the benefits of falling raw material costs, such as vinyl acetate monomer and crude, through rebates to maintain robust volumes.
• Paints expansion strategy: Pidilite is currently focusing on small-town urban markets to establish the right business model and will delay national expansion until that model is proven.
• Waterproofing segment growth: Dr. Fixit delivered slightly above mid-teens revenue growth in Q1, driven by applicator training initiatives and strength in the project business.