New Delhi, June 5 -- The Q4FY25 performance of most Home Decor companies was disappointing, according to a report by Nuvama Institutional Equities.

Pipes manufacturers experienced a decline in EBITDA and PAT by 10% and 7%, respectively, impacted by destocking and reduced government expenditures.

Tile manufacturers, facing sluggish demand, achieved only a 2% year-over-year increase in revenue while their EBITDA and PAT plummeted by 20% and 52% year-over-year due to operational deleverage and one-off issues in non-tile segments.

In the wood panel sector, revenue rose by 7% year-over-year; however, EBITDA and PAT declined by 9% and 41% due to intense competition and rising timber costs.

APL Apollo, Venus Pipes, and Greenply are highlight...