FCC

Prince Pipes Sees 4 Per Cent Volume Rise in Q1 FY26

2025-08-07

Prince Pipes and Fittings Ltd., one of India's leading integrated piping solutions providers with eight strategically located manufacturing facilities, announced its financial results for the quarter ended 30 June 2025. Despite continued volatility in PVC resin prices, the company recorded a 4 per cent year-on-year increase in finished goods volume, reaching 43,735 metric tonnes. However, quarterly revenue declined by 4 per cent to Rs 5.8 billion, down from Rs 6.04 billion in the same period last year.

EBITDA stood at Rs 400 million, registering a 31 per cent decline compared to Rs 580 million in Q1 FY25. EBITDA margin contracted to 7 per cent from 10 per cent a year ago, primarily due to inventory losses stemming from falling polymer prices, particularly PVC resin.

During the quarter, Prince Pipes advanced its branding efforts through a strategic partnership with Indian Railways. This collaboration significantly expanded the company's visibility by placing branding across Vande Bharat and other premium trains, strengthening nationwide customer engagement.

The company also focused on broadening its product and distribution reach. The Bathware segment ‘Aquel’ saw its distribution extended into the South following successful entries into the North and West. A new team has also been established in the East to drive regional expansion.

In addition, Prince Pipes launched a robust digital ecosystem—Udaan 2.0—integrating distributor management (DMS), sales force automation (SFA), customer relationship management (CRM), and a partner loyalty programme. This initiative aims to enable data-driven decision-making, improve market responsiveness, and boost long-term stakeholder value.

Joint Managing Director Mr Parag Chheda noted that while falling resin prices impacted margins, the company’s continued operational discipline and strategic investments in infrastructure and branding have laid a solid foundation for long-term growth. He expressed optimism over a demand recovery driven by increased government infrastructure spending.