New Delhi, Sept. 3 -- Plastic pipe makers are set for a turnaround in Q2FY27 following a turbulent June quarter (Q1FY27). During Q1FY27, listed manufacturers suffered lower volumes driven by channel destocking, as falling import duties, greater availability of cheap Chinese polyvinyl chloride (PVC) resin, and sluggish demand weighed on PVC prices.

Aggregate volumes for plastic pipe companies tracked by PL Capital dropped around 16% year-on-year in Q1FY27. The agricultural pipes segment took a bigger hit than non-agricultural (plumbing) pipes. Despite March-June being peak season, demand for agricultural pipes remained muted as elevated fertilizer costs and high PVC prices hurt volumes.

Global PVC prices are also inching up. Channel re-s...