Shares of Pidilite Industries surged in early trading on Friday, fueled by positive investor sentiment following the company’s robust quarterly earnings report released the previous evening.
The stock opened at ₹1,503.60 on the National Stock Exchange (NSE), representing a rise of over 3.5% from its previous close of ₹1,450.40. By 10:18 am, it was trading at ₹1,485.80, up 2.44% or ₹35.40, with trading volume exceeding 3 million shares and a total traded value of ₹450.81 crore. The stock reached an intraday high of ₹1,515 before retreating slightly, with its market capitalization at approximately ₹1.51 lakh crore.
Analysts have generally reacted positively to the company’s Q4 FY26 results, although opinions on the stock’s near-term potential are varied. Jefferies maintained a “Hold” rating with a price target of ₹1,390, noting that the quarterly performance was driven by unexpectedly strong margins and an expansion of EBIT margins across both business segments. The brokerage cautioned that the ongoing West Asia conflict and fluctuations in vinyl acetate monomer (VAM) prices could pose significant risks. SBI Securities pointed out that the stock currently trades at fiscal year 2027 and 2028 consensus P/E multiples of 54.8x and 48.3x, respectively, indicating limited upside potential according to their analysis. The Symbol P/E on the NSE is recorded at 59.69.
Pidilite reported consolidated net sales of ₹3,572 crore for Q4 FY26, marking a 14.1% increase year-on-year. Consolidated EBITDA rose 31.6% to ₹833 crore, with margins expanding about 310 basis points to 23.3%. Profit after tax saw a significant increase of 36.6% to ₹584 crore. A notable highlight was the underlying volume growth of 15.3% for the quarter. The Consumer & Bazaar segment, the company’s primary growth driver, delivered 15.9% revenue growth with a volume growth of 15.4%. The B2B segment experienced a 9.3% increase, although export revenues faced challenges due to the West Asia conflict.
The board has proposed a final dividend of ₹11.5 per share, pending shareholder approval.
Published on May 8, 2026.
