New Delhi, June 24 -- The pipe industry in the country is expected to witness subdued growth in the first quarter of the financial year 2025-26 (Q1FY26), according to a report by Nuvama Research.

The report said that the value growth for the top ten companies in the sector is likely to remain below 5 per cent during the quarter.

It said "Q1FY26 is likely to be relatively subdued with value growth likely to be below 5% for the top ten companies".

The report mentioned that the demand trend has been mixed. While the agriculture segment has shown weak demand, the building materials segment has performed better. This mixed demand pattern is one of the reasons behind the expected slow growth in the industry.

The report also provided updates...