Apollo Pipes Limited — Investor Meet, 04-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Apollo Pipes' Q2 FY26 earnings call noted 8% consolidated sales volume growth amidst weak demand and intense competition, leading to pressured margins. H1 capex was ₹92 Cr. Management expects H2 demand recovery, targeting ~100,000 tons volume for FY26. Strategic priorities include product diversification, increasing CPVC contribution to 25%+ via a Lubrizol tie-up, and expanding capacity debt-free to 286,000 tons by FY28. Expects 7-8% PVC resin price hike post potential Anti-Dumping Duty (ADD) in November, which should spur channel restocking. Confident in achieving low double-digit margins in 2-3 years through product mix and efficiency. #APOLLOPIPE #Earnings