Pidilite Industries Limited (NSE:PIDILITIND) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

As you might know, Pidilite Industries Limited (NSE:PIDILITIND) recently reported its quarterly numbers. It looks like the results were a bit of a negative overall. While revenues of ₹34b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 4.1% to hit ₹10.84 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Pidilite Industries after the latest results.

View our latest analysis for Pidilite Industries

After the latest results, the 18 analysts covering Pidilite Industries are now predicting revenues of ₹147.8b in 2026. If met, this would reflect a decent 15% improvement in revenue compared to the last 12 months. Per-share earnings are expected to shoot up 25% to ₹48.22. Before this earnings report, the analysts had been forecasting revenues of ₹148.9b and earnings per share (EPS) of ₹48.68 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹3,207. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Pidilite Industries, with the most bullish analyst valuing it at ₹3,660 and the most bearish at ₹2,600 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. It's pretty clear that there is an expectation that Pidilite Industries' revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 11% growth on an annualised basis. This is compared to a historical growth rate of 15% over the past five years. Compare this to the 327 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 13% per year. Factoring in the forecast slowdown in growth, it looks like Pidilite Industries is forecast to grow at about the same rate as the wider industry.

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. The consensus price target held steady at ₹3,207, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Pidilite Industries going out to 2027, and you can see them free on our platform here..

We don't want to rain on the parade too much, but we did also find 1 warning sign for Pidilite Industries that you need to be mindful of.

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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.