Apollo Pipes Revenue History — Quarter by Quarter

Apollo Pipes's revenue moved from ₹275 Cr in Q1 FY26 to ₹347 Cr in Q4 FY26, a 26.2% change over 3 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹347 Cr	—
Q1 FY26	₹275 Cr	—
Q3 FY26	₹247 Cr	—

What management said about revenue

Q4 FY26 · 35% Revenue CAGR to ₹5,000 crore by FY31

Management targets 35% revenue CAGR over 5 years, reaching ₹5,000 crore by FY31, driven by capacity expansion and new products.

Q4 FY26 · Q1 FY27 Revenue Target of ₹400 crore

Management expects Q1 FY27 revenue of ₹400 crore, up 15% QoQ from Q4 FY26's ₹350 crore.

Q1 FY26 · Double-digit volume growth for FY26

Management expects low-to-mid double-digit volume growth for the full year, with clarity after Q2.

Q1 FY26 · CPVC contribution to exceed 20% in 1-2 years

CPVC volume share to rise from 15% to over 20% within 1-2 years, aided by a co-marketing agreement with a major resin supplier.

Q1 FY26 · UPVC doors and windows revenue target of ₹50 crore in FY26

New UPVC segment expected to generate ₹50 crore revenue in FY26, primarily in H2.

Q3 FY26 · Double-digit volume growth for FY26

Management expects low to mid double-digit volume growth for the full year, with potential for high double-digit growth in the remaining 8 months if macro improves.

Q3 FY26 · CPVC contribution to exceed 20% in 1-2 years

CPVC volume share is targeted to rise from current 15% to above 20% within 1-2 years, supported by a co-marketing agreement with a leading resin supplier.

Q3 FY26 · UPVC doors and windows revenue of ₹50 crore in FY26

Management expects to close FY26 with around ₹50 crore revenue from the newly launched UPVC doors and windows segment, with most coming in H2.