In the January-March quarter, plastic pipe firms are expected I to outperform peers in other categories within the building material space in volumes and margins. Strong demand from key segments within the pipe category is expected to help pipe companies post double-digit growth in the quarter. By comparison, categories like tile-bathware and wood panel could report mid to high single-digit growth rates and face multiple demand headwinds.
Citing channel checks, Systematix Research suggests demand for most building material categories would remain soft in the March quarter of 2023-24 (Q4FY24), given an inflation-led weakness in consumer sentiment.
However, Ashish Poddar and Mahek Shah of the brokerage expect the pipes segment to sustain its momentum and report robust 12-25 per cent year-on-year (Y-o-Y) volume growth, boosted by the major verticals of plumbing, infrastructure and agriculture.
Diese Geschichte stammt aus der April 22, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der April 22, 2024-Ausgabe von Business Standard.
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