Transcript of the Conference call held on May 08, 2026
APOLLOPIPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apollo Pipes reported a challenging FY26 with consol EBITDA declining 30% due to PVC price volatility, inventory write-downs, and aggressive pricing for volume growth. The company crossed 1 lakh ton annual sales volume with standalone volume up 7% while Kisan remained flat. Management outlined an ambitious 5-year plan targeting 35% revenue CAGR to reach INR5,000 crores by FY31, with INR3,000 crore capacity already in place plus new South India plant and allied products. For Q1 FY27, the company guides INR400 crores revenue (15% QoQ growth) and expects margin improvement as operating leverage kicks in from higher volumes. Apollo standalone targets INR8,000-10,000 per ton EBITDA margins while Kisan is expected to improve from barely EBITDA positive to INR5,000-6,000 per ton. The company also confirmed plans to eventually merge Kisan Mouldings into Apollo Pipes Limited.
The detailed multi-year growth targets and explicit margin improvement guidance are positive signals for long-term investors, though near-term margins will remain under pressure as the company prioritizes volume growth and new product ramp-up.