Kriti Industries India , a leading manufacturer of polymer pipes and fittings, has reported a challenging second quarter for the fiscal year 2026, with declining sales volumes and financial losses across its key business segments.

Financial Performance

The company's consolidated revenue for Q2 FY26 stood at INR 857.00 million, representing a significant year-on-year decline. The total sales volume dropped by 26% to 7,472 MT compared to the same period last year. Kriti Industries posted an EBITDA loss of INR 42.00 million with a negative margin of 4.90%, and a net loss of INR 97.00 million for the quarter.

Segment-wise Performance

Agriculture Segment

• Sales Volume: 4,842 MT
• Year-on-Year Decline: 33%
• Factors: Delayed monsoons and cautious channel stocking

Building Products Segment

• Sales Volume: 1,378 MT
• Year-on-Year Decline: 33%
• Factors: Continuous rainfall disrupting construction activity

Industrial Solutions Segment

• Sales Volume: 1,252 MT
• Year-on-Year Growth: 64%
• Supported by institutional orders

Half-Yearly Results

For the first half of FY26, Kriti Industries reported:

• Revenue: INR 3,098.00 million
• EBITDA: INR 110.00 million (3.55% margin)
• Net Loss: INR 24.00 million

Management Commentary

The company attributed the overall performance to seasonal factors, extended monsoon conditions, and subdued rural demand. These challenges have significantly impacted the Agriculture and Building Products segments, which are key revenue drivers for Kriti Industries.

Market Outlook

While the Industrial Solutions segment showed strong growth, it was not sufficient to offset the declines in other areas. The company faces ongoing challenges related to weather conditions and market demand, particularly in rural areas.

Investors and stakeholders will be watching closely to see how Kriti Industries navigates these challenges in the coming quarters and implements strategies to return to profitability.

Kriti Industries India , a leading manufacturer of polymer pipes, has announced a significant corporate restructuring move. The company's Board of Directors has approved a scheme of amalgamation to merge its wholly owned subsidiary, Kriti Auto Engineering Plastics Private Limited, with itself.

Key Details of the Merger

The merger approval came following an audit committee recommendation and a board meeting held on November 8, 2025. Here are the essential points of the amalgamation:

Rationale for the Merger

The company has outlined several strategic reasons for this consolidation:

• Simplification of group structure
• Cost savings through rationalization and standardization of business processes
• Elimination of unnecessary administrative duplication
• Reduction in legal and regulatory compliance costs
• Achievement of economies of scale

Financial Implications

No cash consideration is involved in this merger as it pertains to a wholly owned subsidiary. This aspect simplifies the transaction and potentially reduces associated costs.

Regulatory Approvals

The merger is subject to necessary regulatory and statutory approvals. Shareholders and regulatory bodies will need to give their consent before the amalgamation can be finalized.

Company Background

Kriti Industries (India) Limited specializes in manufacturing polymer pipes, including Poly Vinyl Chloride (PVC) and Poly Ethylene (PE) pipes. These products find applications in potable water supply, irrigation, building construction, and infrastructure projects.

Market Impact

This strategic move is aimed at streamlining operations and improving overall efficiency within the Kriti Industries group. The consolidation could potentially lead to better resource allocation and enhanced shareholder value in the long term.