• The document is a transcript of the Q2 FY27 Earnings Conference Call held on Monday, October 26, 2026, following the announcement of Un-Audited Financial Results for the Quarter and Half Year ended September 30, 2026.
  • The call was hosted by DAM Capital Advisors Limited and featured management participants including Mr. M. P. Taparia (Chairman and Managing Director), Mr. P. C. Somani (Chief Financial Officer), and Mr. R. J. Saboo (Vice President, Corporate Affairs and Company Secretary).
  • The purpose of the call was to discuss the company's quarterly results and provide business updates, including performance across product segments and future outlook.
  • Key financial highlights disclosed:
  • H1 FY27: Sold 341,991 MT of plastic goods achieving revenue from operations of ₹6,079 crores (22% value growth YoY)
  • Standalone Operating Profit: ₹829 crores (34% growth YoY)
  • Standalone PAT: ₹487 crores (31% growth YoY)
  • Q2 Segment Performance:
  • Plastic Piping Systems: 24% volume growth, 42% value growth
  • Packaging Products: 3% volume growth, 22% value growth
  • Industrial Products: 13% volume growth, 49% value growth
  • Consumer Products: 14% volume degrowth, 2% value growth
  • Value-added products turnover: ₹1,476 crores in Q2 (38% growth YoY)
  • Management provided FY27 guidance:
  • Volume growth: ~10% for FY27
  • Revenue: ₹13,500-14,000 crores
  • Operating margin: 14-14.5%
  • Capex outflow: ₹700-750 crores
  • Business outlook discussed stabilization after Q1 polymer price volatility, with geopolitical developments in West Asia remaining a source of uncertainty. The company is focusing on value-added products including PERT piping systems, gas piping systems, electrofusion fittings, premium bath fittings, industrial valves, and PP Silent Pipe Systems.
  • The company noted that work on new units at Bihar, Jammu, Erode, Puducherry and Malanpur, along with brownfield expansion at various sites is progressing as planned, funded through healthy cash flows and internal accruals.

Additional Notes Section

  • The transcript was submitted to NSE and BSE pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The document contains detailed Q&A session with analysts covering topics including margin pressures, raw material price pass-through, inventory management, segment-wise performance, and market share gains.
  • No attachments were mentioned in the provided text. The transcript contains comprehensive financial data and management commentary from the earnings call.