Q2 2025 Prince Pipes and Fittings Ltd Earnings Call Transcript
Key Points
- Prince Pipes And Fittings Ltd (BOM:542907) reported a 4% year-over-year volume expansion, with a quarterly volume sale of 43,301 metric tons.
- The company is optimistic about achieving an 8-10% volume growth for FY25, driven by a strong focus on recovering sales volume.
- Prince Pipes And Fittings Ltd has been certified as a Great Place to Work, highlighting its positive work culture and high employee satisfaction.
- The company has expanded its branding efforts, increasing visibility in strategic locations such as metro trains and buses in Ahmedabad and Gandhinagar.
- The launch of the company's first Aquil by Prince retail showrooms in Haryana and New Delhi marks a significant expansion in their retail presence.
- The quarter witnessed a 16% fall in PVC prices, leading to severe destocking by channel partners, which adversely impacted volume and profitability.
- Revenues for Q2 FY25 stood at 622 crores, down from 656 crores in Q2 FY24, indicating a challenging operating environment.
- EBITDA for the quarter was 46 crores, significantly lower than the 71 crores reported in Q2 FY24.
- Inventory days increased to 88 days compared to 62 days in March 2024, reflecting a buildup due to lower-than-expected volume growth.
- The company had to offer special trade incentives to maintain volume growth amidst weak demand sentiment, impacting profitability.
Ladies and gentlemen, good day and welcome to Prince Pipes and fittings Q2 F 25 earnings conference call hosted by IC IC Securities.
As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your Touchstone phone.
Please note that this conference is being recorded.
I now hand the conference over to Mr Arun.
Thank you and over to you, sir.
Good morning, all on behalf of ICIC Securities. I welcome you all to the Q2 and H1 FY25 on call of Prince Pipes and Fittings Ltd from the management side, we have Mr Mr. Parag J. Chheda, J MD, Mr Niat Shera PP strategy, Mr Anand Gupta CFO and Mr Kco head of investor relationship. Now I hand over the call to I will be on for answers.
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