Q1 2026 Prince Pipes and Fittings Ltd Earnings Call Transcript
Key Points
- Prince Pipes And Fittings Ltd (BOM:542907) reported a 4% YoY increase in volumes to 43,735 metric tons for Q1 FY26.
- Revenue grew by 4% YoY, despite challenges in PVC resin price fluctuations.
- The company is expanding its brand visibility through collaborations with Indian Railways and other marketing initiatives.
- The new manufacturing facility in Bihar is operational, with Phase 2 expansion on track for completion by Q2 FY26.
- The bathware segment, Aquel, has expanded into the South region, following successful launches in the North and West.
- Persistent macroeconomic headwinds, including inflationary pressures and reduced government infrastructure spending, affected demand.
- Volatility in PVC resin prices led to inventory losses and compressed margins.
- EBITDA margin stood at a low 7% for the quarter, impacted by inventory losses and weaker realizations.
- The bathware segment incurred losses of approximately INR5 crores, affecting overall profitability.
- High inventory levels, with 83 days of inventory as of June 30, 2025, continue to pressure return ratios.
Yeah. Good morning, everyone. I welcome you all to the earnings conference call to discuss Q1 FY26 results of Prince Pipes and Fittings Limited. To discuss the results, we have from the management, Mr. Parag Chedda, Joint Managing Director, Mr. Nihar Chheda, Vice President Strategy, and Mr. Anand Gupta, Chief Financial Officer. They will take you through the results and the business performance, after which we will proceed for Q&A session.
Before we proceed with the call, I would like to mention that some of the statements made in the today's call may be forward-looking in nature and may involve risk and uncertainties. For more details, kindly refer to investor presentation and other filings that can be found on the company's website.
With this, I now hand over the call to the Management for the opening remarks. Over to you, sir.
Thank you, Sumeet. Good morning and thank you all for
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