Q1-FY24 · M.P. Taparia
Overall company, we anticipate volume growth of 20%+. The operating profit margin, 14%+.
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Q1-FY24 · M.P. Taparia
In piping system, the first quarter, we earned 14.27%. It's much better than last year, first quarter. Last year was very poor. Last year was, margin was 12.55%.
Q1-FY24 · M.P. Taparia
Our company with many location now in operation. We will be taking some share from other people also. We are quite happy with our growth in those markets.
Q1-FY25 · M. P. Taparia
We maintain 25% plastic piping growth. We are committing, not only committing by words, we are committing investment also. You have heard of my all investment plan in 10 new site, our HC site, we are expanding capacity. We are very confident market will grow.
Q1-FY25 · M. P. Taparia
The increase was not considered sustainable. Due to artificial reason of the freight going up from Asia to India, majority of imports of PVC coming from Asia to India. As the majority, 80% PVC in the country come from Asia, and the freight rate due to rates, the prices went up suddenly big way.
Q1-FY25 · R. J. Saboo
We believe should be between 40%-44%. The company has evolved between 38%-40%. That is not our ambition. So we are hovering around 35%, 36%, 37%. So going forward, we should inch up a bit more towards 38%+.
Q1-FY26 · M.P. Taparia
Last year, in the past, were destocking at a very severe level. Now because just never. So, it's going down to. So, I just the entire trade line empty. So, we don't we are very confident.
Q1-FY26 · M.P. Taparia
We anticipate that our classic private business volume will grow between 15 to 17% this year, though it has grown 6% in first quarter.
Q1-FY26 · M.P. Taparia
Due to the inventory loss in our stock of finished goods supply, and also in the raw material part we have committed in the world market, price has fallen, so we lost money. But now we can confirm, maybe $50.60 crores.
Q2-FY24 · M.P. Taparia
This year, super growth is going to be because of poor base of last year. Now, this year is normal, so we anticipate growth to be around 12% next year.
Q2-FY24 · M.P. Taparia
As of today, our exports are less than 3% of turnover, but with so many exhibitions now we are participating in the international market, and we get trust and more resources we are providing to boost exports.
Q2-FY24 · M.P. Taparia
We are open to even the existing product, also inorganic growth. We have never closed our mind.
Q2-FY25 · M.P. Taparia
Quarterly number in July was a very bad month. In July, our business had gone down from 34,710 to 27,700. It dropped by 20% in the month of July, and I guess there was marginally 3% growth. In September, it was more than 15% growth, and now onward, normally second half is always better.
Q2-FY25 · M.P. Taparia
We don't anticipate PVC price to go down now further. So when PVC price is not going to go down, we do not see any reason why the value will decline compared to the volume growth.
Q2-FY25 · M.P. Taparia
Country growth should remain between 10-12% going forward next three years.
Q2-FY26 · Mahaveer Prasad Taparia
We anticipate our annual turnover between INR 11,000 crore-INR 11,500 crore. We expect our operating margin overall for the year will be between 14.5%-15%.
Q2-FY26 · Mahaveer Prasad Taparia
In the first half, we lost around INR 60 crore in inventory. The second quarter, there was too much rain, so the prices have to drop down. This was a slow season.
Q2-FY26 · Mahaveer Prasad Taparia
Along with the Wavin asset, we got 120 sales team members in our company. We got 266 new distributors and dealers. Somewhere where our reach was poor, we got distributors and dealers, and our sales force has been strengthened by the addition of 120 numbers.
Q3-FY24 · M.P. Taparia
In the first nine months, we have grown by 30.4%, and the volume price has become further approachable, and there is good demand from infrastructure and housing. Last year, in the month of January and February, demand was low. So when we say that we will grow 30% for the year, nine months we have grown by 30.4%, and the remaining three months, business conditions are looking better compared to last year.
Q3-FY24 · M.P. Taparia
Our company market share increased. The Indian market of PVC has grown up by 15% in the first nine months. CPVC has grown by 2% by volume. Our company has grown by 30% and overall in piping, in which CPVC has grown by 8% and PVC has grown by more than 24%.
Q3-FY24 · M.P. Taparia
We are increasing our range of product more and more, and our piping system, our range is now in excess of 16,000 SKUs. We are making more and more specialized products. It may not fall in the value-added product. Our criteria of value-added product is it must earn 17%. But if are lower than 17%, they don't fall in value-added product what we declare to us, but definitely it become higher than 15%, which enable us to enjoy a margin of around 15.5%. This trend will continue.
Q3-FY25 · Mahaveer Prasad Taparia
The demand as it is remaining today, we are very confident. We are very confident that if no disturbance takes place, we are going to achieve the number what we are telling you.
Q3-FY25 · Mahaveer Prasad Taparia
I don't think raw material prices are now higher than last year. What I know is that prices are higher, but the effective prices are not higher. Prices are quite low. Very competitive, very economical. Our product is very economical compared to any pipe.
Q3-FY25 · Mahaveer Prasad Taparia
We have very good inventory pile now. We have heavy inventory with us. Inventory will be completed in this quarter.
Q3-FY26 · Mahaveer Prasad Taparia
We believe in first nine months, company might have taken a hit of between INR 100 crore-INR 120 crore in nine-month operation, which resulted in our giving lower guidance of operating margin.
Q3-FY26 · Mahaveer Prasad Taparia
The only thing we revised is only the margin part. Now, top line will definitely go down when the polymer price falls down between 12%-20%. Polymer price or top line is bound to go down now.
Q3-FY26 · P.C. Somani
Please believe that there is no price erosion now. The users were investing money, and this is changing time now. For the quarter, yes, because of the higher volume, our manufacturing cost, our fixed cost gets spread on the larger volume.
Q4-FY24 · M.P. Taparia
Industry has grown by volume around 13.79% in plastic piping system, and our company grew by 33%.
Q4-FY24 · M.P. Taparia
Gas system... maybe 200,000 tons annual, overall in the country. We are still not a player. If we are now getting approval in various locations, then we can talk more intelligently.
Q4-FY24 · M.P. Taparia
We are forecasting this year also 15.5%.
Q4-FY25 · M.P. Taparia
The country has witnessed a degrowth of around 6% in volume in plastic piping system, and the company achieved a growth of about 6% in volume during the year-end review.
Q4-FY25 · M.P. Taparia
We anticipate overall 14.5%-15.5% overall of the company, not piping division alone. We have told you the operating margin of the company, INR 12,000 crore turnover of the company around and 14.5%-15.5% operating margin.
Q4-FY25 · M.P. Taparia
Wavin has got capacity of 73,000 metric tons. Normally, we use 70% capacity. So, with 73,000 tons full year basis, we may sell 51,000 tons volume annually with the capacity whatever they have installed.
Q4-FY26 · M.P. Taparia
We anticipate growth between 15%-17% [for piping volume in FY2027]. Overall around 12%-13%.
Q4-FY26 · M.P. Taparia
Industry growth, yeah, you can ask raw material producer, but they told us they anticipate 8% growth this year [FY2027].
Q4-FY26 · M.P. Taparia
For the full year, we anticipate we may get 48,000 tons-50,000 tons this year [from Wavin].
Q4-FY26 · M.P. Taparia
We are earning more than 25% year-after-year for last 18 years. We are seeing that our return on average capital employed is more than 25%, and that is the only criteria we follow in our company.