Finolex Industries Ltd

Finolex Industries Q1 FY26: Revenue Dips 9% Amid PVC Volatility 📉

- Pipe & Fitting (P&F) volume rose 2% YoY (Q1 FY26: 92,129 MT vs. Q1 FY25: 90,620 MT).

- Revenue declined 9% YoY to ₹1,043 Cr (Q1 FY25: ₹1,140 Cr) due to lower PVC realizations.

- EBITDA dropped to ₹94 Cr (Q1 FY25: ₹207 Cr), with margin at 9.0% (Q1 FY25: 18.1%).

- PAT stood at ₹96.93 Cr (Q1 FY25: ₹505.20 Cr).

- Free cash (net) remained strong at ~₹2,533 Cr (Q1 FY25: ~₹2,401 Cr).

- Marketing efforts reached 5Cr+ via ATL campaigns, sponsorships, and social media.

- Retail expansion: 200+ counters added, 11,669 retailer certificates issued nationwide.

- PVC price volatility hit profitability, impacting revenue and margins.