APOLLO PIPES LIMITED

Apollo Pipes Limited held its Q1 FY27 Earnings Conference Call on July 31, 2026, where management discussed the challenges faced due to geopolitical disruptions and volatility in PVC resin prices. The company reported flat total sales volume year-over-year, with a significant drop in demand during April due to a 30% price decline. Management noted that EBITDA margins were impacted by inventory write-downs and costs associated with new business verticals, resulting in a normalized margin of 7%. They expressed optimism for improved performance in the second half of FY27, driven by the ramp-up of new plants and anticipated recovery in construction activity post-monsoon. Management set a goal of high double-digit volume growth for FY27 and maintained a margin guidance of 7% to 8% for the next 12 to 15 months. The call concluded with management expressing confidence in future growth and operational improvements.

Management reported challenges but also highlighted plans for recovery and growth.