Prince Pipes Reports Record Q4 Volumes and Improved Margins

21 May 2026 CW Team

The company said the quarter represented its highest ever quarterly sales volume and highlighted a 46 per cent sequential increase from the prior quarter. It completed the second tranche of the asset purchase for the bathware manufacturing unit at Bhuj and launched a new low-noise polypropylene pipe system, DECILO, to broaden its product range. The business continues to expand its distribution footprint and added channels to strengthen customer proximity.

Prince Pipes reported improved working capital efficiency with a sharp reduction in inventory and receivable days and noted an exceptional item of Rs 20.5 mn net of tax relating to an estimated increase in provision for employee benefits under the new labour code. The board has recommended a final dividend of Rs 1 per equity share for the year. Management indicated continued focus on operational efficiency and cost optimisation to support sustainable growth.

The company described FY26 as a challenging year owing to raw material price volatility, unseasonal rainfall and subdued demand across end-use segments, but stated that its resilient model and manufacturing footprint supported performance. Incorporated in 1987, Prince Pipes manufactures polymer piping solutions across four polymers and has nine state-of-the-art manufacturing units across India along with a distributor network of more than 1,500 members. The joint managing director said the group will invest in capacity, innovation and distribution to drive long-term growth.

Prince Pipes and Fittings Ltd reported its fourth quarter and full year results for the year ended 31 March 2026, with finished goods volume at 62,167 tonne (t) in the quarter, up 23 per cent year on year, and fiscal volumes at 191,238 t, up eight per cent. Quarterly revenues were Rs 8,500 million (mn) and full-year revenues were Rs 25,980 mn. EBITDA for the quarter was Rs 1,100 mn, with margin of 13 per cent, while full-year EBITDA was Rs 2,320 mn and profit after tax for the quarter and year were Rs 560 mn and Rs 730 mn respectively. The company said the quarter represented its highest ever quarterly sales volume and highlighted a 46 per cent sequential increase from the prior quarter. It completed the second tranche of the asset purchase for the bathware manufacturing unit at Bhuj and launched a new low-noise polypropylene pipe system, DECILO, to broaden its product range. The business continues to expand its distribution footprint and added channels to strengthen customer proximity. Prince Pipes reported improved working capital efficiency with a sharp reduction in inventory and receivable days and noted an exceptional item of Rs 20.5 mn net of tax relating to an estimated increase in provision for employee benefits under the new labour code. The board has recommended a final dividend of Rs 1 per equity share for the year. Management indicated continued focus on operational efficiency and cost optimisation to support sustainable growth. The company described FY26 as a challenging year owing to raw material price volatility, unseasonal rainfall and subdued demand across end-use segments, but stated that its resilient model and manufacturing footprint supported performance. Incorporated in 1987, Prince Pipes manufactures polymer piping solutions across four polymers and has nine state-of-the-art manufacturing units across India along with a distributor network of more than 1,500 members. The joint managing director said the group will invest in capacity, innovation and distribution to drive long-term growth.

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