Prince Pipes Reports Q3 FY26 Results: 3% Volume Growth, Revenue at ₹573 Crores
Prince Pipes & Fittings announced Q3 FY26 results showing 3% volume growth despite challenging market conditions. Revenue stood at ₹573 crores with EBITDA improving to ₹28 crores. The company launched SmartFit Plus CPVC and new water storage variants while initiating the Aquel Cash Back Reward Program for plumbers.

*this image is generated using AI for illustrative purposes only.
Prince Pipes & Fittings Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, through a regulatory filing under Regulation 33. The integrated piping solutions provider achieved a 3% year-on-year volume growth in Q3 FY26 despite challenging macroeconomic conditions affecting demand across plumbing, agriculture, and infrastructure segments.
Q3 FY26 Financial Performance
The company's third quarter performance demonstrated operational resilience with volume growth offsetting revenue pressures in a subdued market environment.
| Metric | Q3 FY26 | Q3 FY25 | YoY Change | Q2 FY26 | QoQ Change |
|---|---|---|---|---|---|
| Finished Goods Volume (MT) | 42,575 | 41,267 | +3% | 42,761 | -0.4% |
| Revenue from Operations | ₹573 Cr | ₹578 Cr | -1% | ₹595 Cr | -4% |
| EBITDA | ₹28 Cr | ₹5 Cr | +460% | ₹55 Cr | -49% |
| EBITDA Margin | 5% | 1% | - | 9% | - |
| PAT (after exceptional items) | ₹(2) Cr | ₹(20) Cr | - | ₹15 Cr | - |
The company reported a loss after tax of ₹2 crores in Q3 FY26, primarily due to exceptional items worth ₹2.05 crores net of tax towards estimated increase in provision for employee benefits arising from implementation of new labour codes.
Nine Months FY26 Performance
For the nine months ended December 31, 2025, Prince Pipes maintained consistent operational performance with improved profitability metrics.
| Parameter | 9M FY26 | 9M FY25 | YoY Change |
|---|---|---|---|
| Finished Goods Volume (MT) | 1,29,071 | 1,26,748 | +2% |
| Revenue from Operations | ₹1,748 Cr | ₹1,804 Cr | -3% |
| EBITDA | ₹122 Cr | ₹109 Cr | +12% |
| EBITDA Margin | 7% | 6% | - |
| PAT (after exceptional items) | ₹17 Cr | ₹19 Cr | -11% |
Product Innovation and Market Initiatives
During the quarter, Prince Pipes strengthened its product portfolio through strategic launches and enhanced customer engagement programs. The company successfully launched SmartFit Plus CPVC across markets and introduced CPVC solvent cement in co-ex packaging with a 4-year shelf life.
| Product Category | New Launch | Key Features |
|---|---|---|
| CPVC Solutions | SmartFit Plus CPVC | Enhanced performance |
| Solvent Cement | Co-ex packaging | 4-year shelf life |
| Water Storage | Storefit HYDRA | New variant |
| Water Storage | Storefit COOL | New variant |
The company also rolled out a new brand campaign titled "INDIA KI PRAGATI KA TAJ – Celebrating the people powering India's progress" to mark its approximately 40 years journey. This campaign honors plumbers, contractors, engineers, and distributors who have contributed to India's infrastructure growth.
Strategic Initiatives and Management Commentary
Prince Pipes initiated the Aquel Cash Back Reward Program in its bathware segment, enabling plumbers to earn direct cash rewards on select bathware products. This initiative aims to strengthen channel loyalty and product adoption in the premium bathware category.
According to Joint Managing Director Parag Chheda, "The pipe industry witnessed a challenging operating environment during the quarter, marked by subdued demand across key applications of plumbing, agriculture and infrastructure. Despite these headwinds, we have achieved a volume growth of 3% YoY in the quarter."
The company maintains a disciplined approach towards operational resilience, prioritizing cost rationalization and targeted market initiatives. With sustained investments in capacity, innovation, and operational efficiency, Prince Pipes positions itself to drive long-term growth and deliver consistent value to stakeholders.
The company operates through 8 strategically located manufacturing units across India and maintains a network of more than 1,500 distributors, ensuring strong customer proximity and faster response to market needs.
Historical Stock Returns for Prince Pipes & Fittings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.17% | +10.17% | +6.58% | -10.94% | -29.70% | -34.69% |


































