Pidilite Industries Ltd on Thursday reported an 8.2% year-on-year increase in consolidated net profit at ₹584.6 crore for the July –September quarter, compared with ₹540.3 crore in the same period last year. The figure came in below the CNBC-TV18 poll estimate of ₹608 crore.

Revenue rose 9.9% to ₹3,554 crore from ₹3,235 crore a year earlier, marginally ahead of the Street estimate of ₹3,525 crore.

EBITDA increased 10.5% year-on-year to ₹850 crore, slightly lower than the estimated ₹853 crore.

Operating margin remained steady at 23.9%, nearly in line with the CNBC-TV18 poll of 24.2% and up from 23.8% in the year-ago period.

Managing Director Sudhanshu Vats said the company delivered “double-digit underlying volume growth with sequential improvement and healthy operating margins”

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