NSE · Industrials · Building Products & Equipment
EPS came in at 30.09 against a street estimate of 30.40 — a miss of 1.0%.
with an average price target of ₹3,937.34.
MIXED Q1 FY27 saw 15% volume decline in piping due to channel destocking from sharp PVC price cuts in April. Management maintains 15–17% full-year growth and 14–14.5% EBITDA margin guidance, citing strong July recovery and pent-up demand from September onwards. Q1 FY27 No geographic segment breakdown provided. Analysts pressed on volume recovery plausibility (15–17% after -15% Q1) and margin guidance cuts vs. FY26. Management clarified Q2–H1 growth already visible in July and emphasized mix-driven margin improvement is temporary as piping normalizes. 2026-07-28…
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