Apollo Pipes Ltd., one of India’s top piping solution providers, has officially entered the UPVC Doors & Windows Profiles segment with a strategic investment of Rs45 crore. The move marks a bold pivot into premium home improvement products, expanding the company’s building materials portfolio beyond pipes and fittings.
The company commenced commercial production at its Dadri facility in Uttar Pradesh, introducing over 250 SKUs with an annual capacity of 4,000 tonnes. This new line leverages synergies with Apollo’s existing PVC offerings and aims to serve the growing demand for durable, energy-efficient, and customizable solutions in northern India.
Chairman & MD Sameer Gupta stated: “This expansion reflects our commitment to diversifying our portfolio and strengthening our presence in high-value segments like windows and doors, which offer higher EBITDA margins.”
Apollo Pipes also announced a Rs120 crore investment in a new manufacturing facility in Varanasi, with a capacity of 30,000 MT/annum, reinforcing its footprint in East India.
Despite a dip in Q4 FY24 performance — revenue at Rs245.8 crore and PAT at Rs6.5 crore — the company closed FY24 with Rs977.1 crore in revenue and Rs42.4 crore in PAT, reflecting a 77% YoY growth in profits.
The UPVC expansion aligns with Apollo’s long-term strategy to broaden its product mix, enhance customer reach, and capitalize on infrastructure growth across India.
