Prince Pipes And Fittings earnings calls.

Prince Pipes delivered weak Q3 FY26 results with Rs 573 croreCurrent reported value: Rs 573 crore. No comparable prior figure is available in the source record. revenue (flat/single-digit growth) and a depressed 5% EBITDA marginCurrent reported value: 5% EBITDA margin. No comparable prior figure is available in the source record. amid challenging PVC pricing and subdued demand across plumbing, agriculture, and infrastructure segments. The inventory loss of Rs 18-20 croreCurrent reported value: inventory loss of Rs 18-20 crore. No comparable prior figure is available in the source record. weighed on margins, though working capital improved significantly (working capital days: 66 vs 90 year-ago). CPVC emerged as the bright spot with high double-digit volume growthCurrent high double-digit volume growth. Reported change: +Leading polymer. following the SmartFit Plus launch and in-house compounding, delivering 6-7% cost benefit passed to channel. January showed encouraging double-digit volume growthCurrent double-digit volume growth. Reported change: +Leading polymer. driven by PVC price restocking and improved channel sentiment. Management targets 8-10% volume growth for FY27Current reported value: 8-10% volume growth for FY27. No comparable prior figure is available in the source record. (as bare minimum, aspiring higher) with 10-12% sustainable EBITDA marginsCurrent reported value: 10-12% sustainable EBITDA margins. No comparable prior figure is available in the source record. (revised from 12% target). Bathware segment (Rs 13 crore quarterly revenue, Rs 18 crore 9-month loss) break-even pushed to Q3 FY27. Key riskCurrent Key risk. Reported change: +Leading polymer.: intensified competition from large organized players and industry consolidation may sustain margin pressure despite better demand environment.