Plastic Products company Prince Pipes & Fittings announced Q2FY25 results Revenue: Rs 622 crore compared to Rs 656 crore during Q2FY24, change -5%. EBITDA: Rs 46 crore compared to Rs 94 crore during Q2FY24, change -51%. PAT: Rs 15 crore compared to Rs 71 crore during Q2FY24, change -79%. Parag Chheda, Joint Managing Director, Prince Pipes, and Fittings, said: “Our performance for the quarter was led by volume expansion and a good progression in our Plumbing and SWR segments. A continuous fall in PVC prices over the months of July and August led to incessant de-stocking by channel partners which impacted on volume and profitability. Despite the fall in PVC prices, realizations remained stable QoQ on account of better sales mix. With price volatility easing out, stocking cycles have been resuming, which makes us optimistic of a more resilient performance in H2. The Bathware segment continues to progress well as we launched our first retail showrooms in Hisar and New Delhi. Our strategic marketing efforts are now directed towards establishing Aquel by Prince as a pan-India brand, by the end of this fiscal year. We continue to focus on key adjacencies to growth including building deeper customer relationships, knowledge of customers’ pain points, leveraging capabilities – all of which are positioning us well to capitalize on inherent industry growth opportunities.” Result PDF