On July 23, 2025, a Crisil Ratings report said India’s PVC pipes and fittings industry will grow 10-11% in revenue this financial year (FY26). After flat growth last year, demand from government projects like Jal Jeevan Mission (water supply) and PM Awas Yojna (housing) is boosting the sector. Stable prices for raw materials also help. This growth will help companies clear costly stock and make more money.
PVC pipes growing 10-11%? That’s awesome for the industry!
Why the Growth?
Himank Sharma from Crisil Ratings said government schemes are driving demand. These include:
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Jal Jeevan Mission: Bringing water to homes.
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PM Awas Yojna: Building houses.
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Construction: More buildings and infrastructure.
These projects need PVC pipes for water, sanitation, and plumbing. The report looked at 16 big PVC pipe companies with over Rs 30,000 crore in sales, covering two-thirds of the organized market.
Water and housing projects? No wonder PVC pipes are in demand!
Better Money and Less Stock
Last year, profits dropped by 1.3% because of high costs and too much stock. This year, with more demand, companies will sell off extra stock, cutting it by 8-10 days. This means less debt and more cash to grow without financial stress. Profits should rise to 13.5-14%, up from last year, thanks to higher sales and stable prices.
Less stock and more profits? That’s great news for these companies!
Who Buys PVC Pipes?
Companies sell PVC pipes to dealers, who then sell to:
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Irrigation (farming water systems)
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Water supply projects
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Sanitation and plumbing
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Real estate (new and replacement pipes)
About 75% of sales come from irrigation and water projects, pushed by the government. Real estate demand will grow a bit less, as new projects slow down. Stable resin prices, thanks to a provisional anti-dumping duty, will help sales grow faster.
Pipes for farms and water? That’s helping so many people!
Why This Matters
The 10-11% growth in FY26 shows India’s PVC pipe industry is bouncing back. Government projects like Jal Jeevan Mission are making a big difference, just like UPI’s growth in digital payments shows India’s tech strength. With better profits and less stock, companies can grow without trouble. An X post from @BusinessToday said, “PVC pipes to see 10-11% growth in FY26, thanks to government schemes!” This could mean more jobs and better infrastructure. What do you think about this PVC pipe boom? Tell me!