Prince Pipes Q3 FY26 Concall: Transcript Released, Focus on CPVC Growth & Market Share
Prince Pipes released its Q3 FY26 earnings call transcript. Revenue was ₹573 crore with 3% volume growth. EBITDA was ₹28 crore. For 9 months FY26, revenue reached ₹1,748 crore, with 2% volume growth and ₹122 crore EBITDA. The company anticipates double-digit volume growth in FY27 and is investing in its bathware segment.
The announcement provides detailed financial performance and future outlook, including revenue, EBITDA, and volume growth expectations. It also discusses strategic initiatives like product launches and segment investments, which could influence investor perception and future performance.
The announcement is a transcript release of a conference call. While the company discussed positive developments like CPVC growth and improved working capital, they also acknowledged challenging market conditions and a net loss in Q3. The overall tone is cautiously optimistic.
Prince Pipes and Fittings Limited announced the release of the transcript for their Q3 and 9 months FY26 earnings conference call, held on February 11, 2026. The call featured management including Joint Managing Director Mr. Parag Chheda, Vice President (Strategy) Mr. Nihar Chheda, and Chief Financial Officer Mr. Anand Gupta.
During the quarter, the company faced a challenging operating environment with subdued demand across plumbing, agriculture, and infra sectors. Despite this, Prince Pipes reported a low single-digit growth in Q3 FY26. They highlighted the introduction of CPVC pipes under the SmartFit Plus brand and continued investment in brand building and distribution network enhancement. The Aquel Cashback Reward program was initiated to strengthen engagement in the bathware segment.
Financially, for Q3 FY26, revenue from operations stood at ₹573 crores with a volume of 42,575 metric tons, a 3% year-on-year growth. EBITDA was reported as ₹28 crores (after a correction from an initial mention of ₹828 crores), with a margin of 5%. Profit after tax after exceptional items was a loss of ₹2 crores. For the 9 months FY26, revenue was ₹1,748 crores and volume grew 2% year-on-year to 1,29,071 metric tons. EBITDA for the 9 months stood at ₹122 crores (12% growth) with a 7% margin, and profit after tax was ₹17 crores. Working capital days improved to 66 days from 90 days in the previous year, with receivables at 49 days and inventory at 76 days.
Looking ahead, the company is optimistic about a gradual recovery in demand, supported by stabilizing PVC pricing trends. They expect Q4 FY26 to be the best quarter and aspire for double-digit volume growth in FY27. The company also plans to invest approximately ₹40-45 crores in the bathware segment for manufacturing unit acquisition and debottlenecking, while FY27 capex for pipes will focus on maintenance and new product introductions.
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Prince Pipes And Fittings Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Prince Pipes And Fittings Limited. Read the original for the full detail.