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Building Materials Q4 Results Preview: To See Another Muted Quarter, Projects HDFC Securities
Building Material Q4 Preview: Century Plyboards remains HDFC Securities' top pick within the sector.
07 Apr 2025, 10:10 AM IST 
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HDFC Securities maintains its existing ratings on all the stocks under its coverage.
(Photo Etienne Girardet- Unsplash)
We anticipate a recovery in the plumbing demand in FY26, driven by the normalization of channel inventories and a resurgence in government spending. We believe that Morbi remains a structural challenge to the tiles industry, as its practice of volume dumping in the domestic market is expected to persist. Therefore, we are projecting a single-digit volume growth for both tiles’ players in FY26 and FY27.
