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Apollo Pipes had a tough Q1FY27. Sales volume dipped 3% YoY to 24,477 Ton, but revenue rose 7% YoY to Rs 295.4 Cr. However, EBITDA crashed 85% YoY to Rs 3.0 Cr, leading to a net loss of Rs 8.6 Cr (vs Rs 8.1 Cr profit last year). This was mainly due to volatile polymer prices pushing channel partners to delay purchases and clear inventory.
Looking ahead, management expects Q2 onwards to improve as inventory normalizes and demand picks up. They're on track to boost annual capacity to 288,000 Ton in two years, funded internally. Focus remains on new, value-added products (aiming for 4,000+ SKUs) and strategic moves like the Kisan Mouldings acquisition. Recent launches include doors, windows, and advanced pipes. They aim for 25%+ revenue growth CAGR over the next three years.