Prince Pipes reappoints Jayant Chheda as CMD through 2029
Prince Pipes and Fittings has reappointed Jayant S. Chheda as chairman and managing director for a three-year term from August 21, 2026. Parag and Vipul Chheda will continue as whole-time directors, extending leadership continuity at the plumbing-products maker.
What happened
Prince Pipes and Fittings · Prince Pipes reappointed Jayant S. Chheda as chairman and managing director for three years from August 2026. Parag and Vipul Chheda
Key facts
- Jayant S. Chheda term: August 21, 2026 to August 20, 2029
- Three-year terms for Jayant, Parag and Vipul Chheda
- June-quarter consolidated net profit: ₹337.49 million
- June-quarter revenue: ₹6.09 billion
- NSE closing share price: ₹269.80
What changed
Prince Pipes reappointed Jayant S. Chheda as chairman and managing director for three years from August 2026. Parag and Vipul Chheda were also reappointed as whole-time directors, alongside reported June-quarter profit of ₹337.49 million and revenue of ₹6.09 billion.
Why this matters
The reappointment of Jayant S. Chheda through 2029, alongside Parag and Vipul Chheda, reinforces leadership stability for Prince Pipes’ operating execution and channel relationships.
What to watch
- Quarterly volume growth and market-share commentary versus major organized pipe peers.
- EBITDA-margin movement relative to PVC/CPVC resin-price changes and pricing pass-through speed.
- Dealer additions, plumber-connect participation and regional distribution expansion, especially outside core markets.
- Capacity-utilization levels, capex announcements and commissioning timelines for new plants or product lines.
- Growth contribution from fittings, CPVC, bathroom/plumbing adjacencies and other higher-value categories.