Prince Pipes Sees 4 Per Cent Volume Rise in Q1 FY26
ECONOMY & POLICY

Prince Pipes Sees 4 Per Cent Volume Rise in Q1 FY26

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Hexalog Appoints Vishal Shukla as Chief Transformation Officer

Hexalog, a cross-border supply chain and logistics company, has appointed Vishal Shukla as Chief Transformation Officer (CTO) to lead its operational transformation, technology adoption and expansion into new international markets.In his new role, Shukla will oversee the company's transformation strategy across operations, technology, product development and business expansion. His responsibilities include standardising processes, developing scalable operating models, strengthening existing trade corridors and introducing new fulfilment solutions for cross-border businesses.Shukla brings nearl..

Next Story
Real Estate

Dhuleva Group Awards 80-Storey Tower Contract to Eversendai

Dhuleva Group has awarded the core and shell structural construction contract for Dhuleva One50, an upcoming 80-storey ultra-luxury residential tower in South Mumbai, to Malaysia-based engineering and construction company Eversendai.Located near the Babulnath district, the development is planned as a high-rise residential landmark offering panoramic views of the Arabian Sea and Mumbai's skyline. The project will combine contemporary architecture with advanced engineering and premium residential facilities.Eversendai will undertake the structural construction works, drawing on its experience in..

Next Story
Building Material

Nuvoco Marks 10 Years, Targets 35 MMTPA Capacity by FY28

Nuvoco Vistas Corporation Limited is celebrating a decade of operations under the theme ‘Dus Saal Bemisaal’, highlighting its expansion in India's building materials sector. The company has grown from a single cement manufacturing facility into a diversified organisation operating across cement, ready-mix concrete (RMC) and modern building materials.The company's journey began in 2014 when its parent, Nirma Group, commissioned a 2 million metric tonnes per annum (MMTPA) greenfield cement plant at Nimbol, Rajasthan. A major milestone followed in October 2016 with the acquisition of Lafarge ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code