Prince Pipes And Fittings Limited — Updates, 11-02-2025: Press Release

Prince Pipes and Fittings Limited (PPFL) reported revenue of Rs. 1,804 Cr and EBITDA of Rs. 107 Cr for the quarter and nine months ended December 31, 2024. While revenue decreased slightly by 1% year-on-year, the third quarter saw a 7% decline from the previous fiscal period, primarily due to a weak demand environment impacting both company and industry volumes. Finished goods volume increased by 4% over the nine months, reflecting strategic efforts to penetrate tier 2 and tier 3 markets.

The company's bathware segment, Aquel by Prince, has expanded with new showrooms in several key locations, enhancing its retail presence. Furthermore, the upcoming integrated manufacturing facility in Begusarai, Bihar, expected to commence in Q1 FY26, aims to cater to increasing demand in East India.

Despite recent challenges, the outlook remains positive as the company focuses on customer loyalty initiatives and strategic marketing efforts. With recognition as a Great Place to Work and ranking as a top desired brand in its category, PPFL is well-positioned for future growth.