Building Materials – Jul-Sep’25 Earnings Preview – Extended monsoon to impact BM sector
Published on 06 Oct 2025
Building materials (BM) companies under our coverage are expected to report single-digit revenue growth due to weak demand and extended monsoon; however, margins are expected to expand due to cost reduction measures and cooling of timber cost. We anticipate moderate volume growth of 6.8% YoY in the plastic pipe sector. Tiles and bathware sectors are likely to experience single-digit growth anticipating demand to pick up in H2FY26. We expect coverage companies to register sales/EBIDTA/PAT growth of 4.3%/18.1%/16.6% YoY. Expecting Century Plyboards to outperform in the BM space.
