03-Nov-2026 13:24:52
PRINCE PIPES Q2 FY27: PAT SURGES 220% YOY; REVENUE UP 38%, VOLUMES UP 22% & EBITDA MARGIN IMPROVES TO 12.2%
• Profitability: PAT surged 220% YoY and 41% QoQ to ₹48 Cr, supported by higher volumes and improved operating profitability • Strong Volume Growth: Finished goods volumes increased 22% YoY and 28% QoQ to 52,080 MT, reflecting strong demand momentum • PVC Price Stabilisation: Management highlighted encouraging signs of stabilisation in PVC prices, supported by the government's Minimum Import Price (MIP) on suspension-grade PVC • Premium Product Strategy: Increasing the contribution of premium and value-added piping products to strengthen product mix and profitability • Distribution Expansion: Focused on expanding its network of over 1,500 distributors, improving market penetration and customer reach • Aquel Bathware Business: Continuing to develop the Aquel by Prince faucets and sanitaryware portfolio, expanding its presence in integrated bathroom solutions • Manufacturing Network: Operates nine manufacturing units across India, supporting regional distribution and product availability • H1 Performance: Revenue increased 22% YoY to ₹1,430 Cr, EBITDA grew 86% to ₹177 Cr and PAT surged 310% to ₹82 Cr • H1 Volume Growth: Finished goods volumes increased 7% YoY to 92,809 MT, with EBITDA margin improving to 12.4% • Future Growth Strategy: Management focused on sustainable volume expansion, stronger product mix, increasing value-added product penetration, brand building and deeper distribution • Industry Outlook: Management remains confident about long-term demand driven by infrastructure investment, housing development and urbanisation
PRINCE PIPES FITTINGS LTD