Earnings Miss: Pidilite Industries Limited Missed EPS By 7.6% And Analysts Are Revising Their Forecasts

Shareholders might have noticed that Pidilite Industries Limited (NSE:PIDILITIND) filed its half-year result this time last week. The early response was not positive, with shares down 4.1% to ₹1,445 in the past week. It looks like the results were a bit of a negative overall. While revenues of ₹73b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 7.6% to hit ₹5.68 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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After the latest results, the 19 analysts covering Pidilite Industries are now predicting revenues of ₹145.5b in 2026. If met, this would reflect a credible 5.3% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to ascend 10% to ₹24.12. In the lead-up to this report, the analysts had been modelling revenues of ₹145.8b and earnings per share (EPS) of ₹23.94 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

See our latest analysis for Pidilite Industries

It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹1,629. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Pidilite Industries, with the most bullish analyst valuing it at ₹1,895 and the most bearish at ₹1,300 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Pidilite Industries shareholders.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We can infer from the latest estimates that forecasts expect a continuation of Pidilite Industries'historical trends, as the 11% annualised revenue growth to the end of 2026 is roughly in line with the 13% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 13% annually. It's clear that while Pidilite Industries' revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on Pidilite Industries. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Pidilite Industries analysts - going out to 2028, and you can see them free on our platform here.

Before you take the next step you should know about the 1 warning sign for Pidilite Industries that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.