Prince Pipes and Fittings Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Prince Pipes reported Q1 FY27 revenue of Rs 609 crore, up 5% year-on-year, while volumes fell 7% year-on-year to 40,729 metric tons. EBITDA grew 93% year-on-year to Rs 77 crore with margins at 13%, and management attributed the improvement to a better product mix shifting toward plumbing and value-added products like CPVC and PPR. Management said the temporary suspension of import duty on PVC resin in April caused channel destocking and price volatility, but described a recovery in demand from May and June onward.
Prince Pipes reported Q4 FY26 revenue of Rs 850 crore, up 18% year-on-year, with EBITDA of Rs 110 crore at a 13% margin and volumes of 62,167 metric tons, up 23% year-on-year. For the full year FY26, revenue grew 3% to Rs 2,598 crore with volume growth of 8%, while EBITDA rose 43% to Rs 232 crore. Management said the quarter's growth was aided by rising PVC prices, passed-on inventory gains to channel partners, and continued expansion of the Bathware business through the Aquel acquisition and a new experience center in Vadodara.