Pidilite Ventures Completes Share Swap with Pepperfry, Gains Stake in TCC Concept

Pidilite Ventures Pvt Ltd (PVPL), a wholly owned subsidiary of Pidilite Industries Limited, has transferred its entire shareholding in Pepperfry Limited to TCC Concept Ltd through a 100% share swap transaction. Following the deal, PVPL now holds a 2.20% equity stake in TCC Concept Ltd as part of TCC’s acquisition of Pepperfry shares.

The company clarified that the transaction is not classified as a related-party deal and that the promoter and promoter group of PVPL have no direct interest in TCC Concept Ltd.

Financial Performance for Q2FY26

Pidilite Industries reported a consolidated net profit of ₹584.6 crore for the July–September quarter, marking an 8.2% year-on-year increase from ₹540.3 crore during the same period last year.

Revenue for the quarter rose 9.9% to ₹3,554 crore, slightly surpassing analysts’ estimate of ₹3,525 crore. EBITDA grew 10.5% year-on-year to ₹850 crore, marginally below the projected ₹853 crore.

Commenting on the results, Mr. Sudhanshu Vats, Managing Director, Pidilite Industries Limited, said: “The Company delivered double digit underlying volume growth with sequential improvement and healthy operating margins, even in a challenging macro-economic environment. As we look ahead, we remain optimistic. The domestic operating environment is expected to improve, aided by favourable monsoons, and the indirect cascading impact of GST 2.0 on our demand coupled with accelerated growth in the construction sector driven by benign interest rates and enhanced liquidity. 

At the same time, we remain vigilant to geopolitical developments, given their potential to disrupt supply chains and create uncertainty around global tariƯs. We are firmly committed to our strategic agenda of driving consistent, profitable, volume-led growth through continued investment in our brands, supply chain, and people.”

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