Analysts/Institutional Investor Meet/Con. Call Updates

PPFL/SE/2026-2027/048 November 06, 2026 BSE Limited National Stock Exchange of India Limited 25th Floor, P.J Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai - 400001 Bandra (E), Mumbai - 400051 Scrip Code: 542907 Scrip Symbol: PRINCEPIPE Dear Sir/Madam, Sub: Transcript of Earnings Call held for Q2 & H1 FY27 Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”), please find enclosed herewith the transcript of the Earnings Call for Q2 & H1 FY27, held with Analysts and Investors on November 04, 2026. This is for your information and record. Thanking you, Yours Faithfully, For Prince Pipes and Fittings Limited Jyoti Sancheti Company Secretary & Compliance Officer FCS: 9639 Encl. As above Corp. Off.: The Ruby, 8th Floor; 29, Senapati Bapat Marg (Tulsi Pipe Road), Dadar (W), Mumbai - 400 028; Maharashtra, India. T: 022-6602 2222 F: 022-6602 2220 E: info@princepipes.com W: www.princepipes.com Regd. Off.: Survey No. 132/1/1/3, Athal road, Village Athal, Naroli, Silvassa, Dadra Nagar Haveli, India – 396235. CIN: L26932DN1987PLC005837 Printed on 100% Recycled Paper ♻ “Prince Pipes and Fittings Limited Q2 and H1 FY27 Earnings Conference Call” November 04, 2026 MANAGEMENT: MR. NIHAR CHHEDA – VICE PRESIDENT, STRATEGY – PRINCE PIPES AND FITTINGS LIMITED MR. ANAND GUPTA – CHIEF FINANCIAL OFFICER – PRINCE PIPES AND FITTINGS LIMITED MODERATOR: MR. OMKAR BAGWE – MUFG INTIME Page 1 of 16 Prince Pipes and Fittings Limited November 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q2 and H1 FY27 Earnings Conference Call of Prince Pipes and Fittings Limited, hosted by MUFG Intime. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Omkar Bagwe from MUFG Intime. Thank you, and over to you, Mr. Omkar. Omkar Bagwe: Good morning, everyone. I welcome you all to the earnings conference call to discuss Q2 and H1 FY27 results of Prince Pipes and Fittings Limited. To discuss our results, we have with us from the management, Mr. Nihar Chheda, Vice President, Strategy; and Mr. Anand Gupta, Chief Financial Officer. They will take you through the results, and then we will proceed to Q&A session. Before we proceed to the call, a small disclaimer. This conference may contain certain forward- looking statements about the company, which are based on the beliefs, opinions and expectations as on date of this call. The actual results may differ materially. These statements are not guarantee of future performance and involve risks and uncertainties that are difficult to predict. A detailed Safe Harbor statement is also given in company's investor presentation. Now I would like to hand the call over to Mr. Nihar Chheda. Thank you, and over to you, sir. Nihar Chheda: Good morning and thank you for joining us for our Q2 and H1 FY27 financial results. The presentation and press release has been issued to the stock exchanges and uploaded on our website. I hope everyone has been able to go through the same. Let me begin with a brief outlook on the macro level demand/supply dynamics. September quarter witnessed stabilization of PVC prices. The government's implementation of minimum import price on PVC resin has also further supported the domestic market environment. This element of certainty in input costs is important for improving market sentiment among our channel partners by providing predictable business conditions. Beyond these near-term developments, the long-term fundamentals of the Indian pipe industry remain encouraging. Continued investments in housing and infrastructure development have created sustained demand opportunities across India. We believe these structural drivers will continue to support industry growth, and our priority is to strengthen Prince Pipes' position to capture this opportunity. Now specifically coming to our performance, we delivered healthy growth during the September quarter. This growth has been on the back of continued distribution expansion as well as digitization of our value chain, which has helped deepen our connect with retailers and plumbers across the nation. An important part of our growth strategy is also to increase our contribution in value-added premium product categories. This is a twofold strategy. First, aggressive penetration in existing Page 2 of 16 Prince Pipes and Fittings Limited November 04, 2026 value-added products like CPVC and PPR plumbing systems, which has helped us not only grow revenue, but also consistently deliver healthy EBITDA margins. And the second part of this strategy is investments in new product developments like DECILO low-noise piping systems made out of polypropylene. I'm glad to state that DECILO pipes and fittings have been installed in residential and hospitality projects across multiple states in the past quarter. DECILO is currently manufactured in the Haridwar facility. And now we plan to expand our manufacturing footprint of polypropylene DECILO systems in the Silvassa facilities by the end of March quarter, which will help us increase our contribution from value-added products apart from CPVC and PPR and now into PP as well. Furthermore, in this quarter, we have also set up a new product innovation and R&D function. The single-line objective of this function is to help set up more product categories, which are value-added in nature. Over the next few years, we will be launching some more new products in the Piping division, where Prince will be a first mover. Our intent is to replace conventionally used metal and concrete pipes at construction sites with polymer piping solutions, which win on longer product life cycle, faster installation speeds, and lower total cost of ownership for Indian builders and contractors. Contribution from such polymers of CPVC, PPR and PP also reduce our dependence on the core product category of PVC. And hence, going forward, over the long term, margins may not be as volatile due to commodity prices. Alongside product development, we are also working on deepening our market penetration and strengthening our presence across geographies. Our emphasis is on improving reach, building stronger channel relationships and expanding our footprint in markets where we see opportunities to gain market share. Building a strong consumer brand is of top priority to us. During the September quarter, we undertook several branding initiatives, amongst which I'm happy to announce that Prince Pipes will be sponsoring Kon Honar Crorepati, which is the Marathi language version of Kaun Banega Crorepati, which will be hosted by Madhuri Dixit. Such high visibility brand-building campaigns are aimed at strengthening brand recall and reinforcing Prince Pipes' position as a trusted brand amongst quality piping solutions. We believe that continued investments in brand salience, supported by product innovation and distribution strength will help us build deeper connections with homeowners across India. Looking ahead, we remain focused on sustainable growth driven by our strong fundamentals, diversified product portfolio and a retailer and plumber-centric approach, which positions us well for sustained long-term growth. Thank you for your time and mind share. I will now hand it over to our CFO, Anand Gupta, to take you through the key fiscal highlights and especially the efforts taken on improving the quality of our sales, which has helped us drive robust capital efficiency. Page 3 of 16 Prince Pipes and Fittings Limited November 04, 2026 Anand Gupta: Thank you, Nihar, and good morning, everyone. I'll be taking you through the quarter 2 and H1 F [Showing first 8,000 characters — download PDF for full document]