Apollo Pipes Limited — Investor Meet, 02-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Apollo Pipes faced a challenging 9M FY26 with flat sales volumes amid weak demand, raw material volatility, and price wars. However, an aggressive market share strategy showed results in December and January, driving confidence for a strong Q4 (32,000-35,000 tons target). The housing segment, including CPVC, achieved double-digit growth. New products like UPVC doors/windows, along with new plants in Varanasi (East India) and ramp-up in West (Kisan Mouldings), are key growth drivers. Management anticipates high single-digit volume growth for FY26 and high double-digit for FY27. Inventory write-downs of ~5 Cr were noted in Q3 due to PVC price fluctuations.