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After five quarters of downcast performance, brokerages expect plastic pipe majors to recover in the second half of 2025-26 (FY26). Demand is improving, and polyvinyl chloride (PVC) prices have steadied. Along with these demand and raw material tailwinds, the proposed levy of anti-dumping duties could further aid domestic manufacturers. Although the April-June quarter (Q1) of FY26 was soft, brokerages see the sector’s outlook brightening.
Another possible catalyst could be a reduction in the goods and services tax, which currently stands at 18 per cent for pipe fittings. A lower tax rate, if introduced, would improve affordability for end-users, particularly in
