New Delhi, Feb. 25 -- The tide seems to be turning in favour of listed plastic pipes makers after a rough first nine months of FY26. Prices of raw material polyvinyl chloride (PVC) were volatile globally for much of FY26 amid weak Chinese demand and oversupply.

This also had a bearing on domestic prices. Following a steep fall in December, PVC price is now inching up. Since the start of March quarter (Q4FY26), it has increased by Rs.10-12 per kilogram, as per Nuvama Research.

Movement in PVC prices is crucial for pipe companies as it dictates destocking/restocking of dealer inventories. So, lower PVC prices led to inventory losses for plastic pipe companies in Q3FY26, prompting various brokerages to cut earnings estimates.

However, rec...