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Pidilite Declares 1:1 Bonus Share Issue and ₹10 Interim Dividend After Strong Q1 Performance

Regulatory approval is pending for the bonus shares; the board has fixed August 13 as the dividend record date

Overview

  • Consolidated net profit rose 18.7% year on year to ₹678.13 crore in Q1 FY26 on revenue growth of 10.5% to ₹3,753.1 crore and EBITDA growth of 15.8% to ₹941 crore
  • The board approved a one-for-one bonus issue, the first since March 2010, subject to statutory and regulatory clearances
  • A special interim dividend of ₹10 per share will be paid on August 29 to shareholders on record as of August 13
  • Managing Director Sudhanshu Vats said the company remains cautiously optimistic in view of global macroeconomic uncertainties
  • Domestic broker Nuvama Institutional Equities has retained its ‘Buy’ rating and plans to revise estimates after the upcoming earnings call