Q4 2026 Prince Pipes and Fittings Ltd Earnings Call Transcript
Key Points
- Prince Pipes And Fittings Ltd (BOM:542907) achieved its highest ever quarterly volumes with a 23% year-over-year growth in Q4.
- The company reported a strong revenue growth of 18% year-over-year for the quarter, reaching INR850 crores.
- EBITDA for the quarter doubled, showing a 100% year-over-year increase, with margins improving by 500 basis points to 13%.
- The strategic acquisition of the Bathware brand, Aquel, is expected to strengthen diversification and expand manufacturing capabilities.
- The company successfully reduced working capital days from 98 to 45 days, improving inventory and receivable management.
- FY26 was challenging due to volatile raw material prices, extended unseasonal rainfall, and subdued demand across key end-user categories.
- Significant fluctuations in PVC prices disrupted channel sentiment and created uncertainty across the value chain.
- April saw heavy destocking, leading to weaker volumes for the industry.
- The Bathware segment reported a loss of INR5 crores for the quarter, indicating challenges in achieving profitability.
- The company's capacity utilization remains low at 52%, indicating underutilization of existing resources.
Ladies and gentlemen, good day, and welcome to the Q4 and FY26 earnings conference call of Prince Pipes and Fittings Limited hosted by MUFG Intime. (Operator Instructions)
I now hand the conference over to Mr. Sumeet Khaitan from MUFG Intime. Thank you, and over to you.
Good morning, everyone. I welcome you all to the earnings conference call to discuss Q4 and FY26 results of Prince Pipes and Fittings Limited. To discuss the results, we have from the management, Mr. Parag Chheda, 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 a Q&A session.
Before we proceed with the call, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risks and uncertainties. For more details, kindly refer to investor presentation and other filings that can be found on the company's website.
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