EBITDA margin corridor of 20-24% for FY27
Management reiterated commitment to the 20-24% EBITDA margin band despite raw material inflation, with FY26 at the higher end.
PIDILITE / guidance tracker
Keep management guidance in view.
Pidilite Industries · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
margins
Two price hikes taken in April and May 2026
Cumulative price increase of ~12-15% in key categories (e.g., Fevicol) to pass on RM inflation; blended company-level pricing ~4-5% in April and another 7-8% in early May.
Focus on sustaining double-digit underlying volume growth
Management aims to continue driving UVG expansion, with FY26 UVG up ~120 bps YoY; FY27 target not quantified due to uncertainty.
Capex to remain 3-5% of revenue
FY26 capex was ~₹570 crore; investments continue in growth categories, automation, and new plants (e.g., West India premium white glue/ Fevicol plant commissioning in Q1 FY27).