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Latest filing: 2026-08-03 18:31
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14% Volume De-growth in Q1 FY27; Management Maintains 12-13% Annual Growth Guidance
Supreme Industries reported a 14% YoY volume decline in Q1 FY27 to 1,57,536 tons, primarily due to polymer price volatility and channel inventory correction. Despite the volume drop, revenue grew 4% to ₹2,718 cr and PAT rose 17% to ₹208 cr, supported by a 22% increase in value-added product sales. Management reaffirmed its full-year volume growth guidance of 12-13% overall and 15-17% for the piping segment, expecting a recovery in the remaining nine months. The company is continuing its expansion with new plants in Bihar, Jammu, and Malanpur.
Confidence: HIGH
What changedThe company faced a significant volume contraction in Q1 due to destocking and price volatility, but managed to grow profits through a higher share of value-added products.
Why it mattersAs a market leader in plastic products, Supreme's ability to maintain guidance despite a weak start indicates strong underlying demand in infrastructure and housing sectors.
Q1 Volume De-growth: 14%Q1 PAT Growth: 17%Value-added Product Revenue: ₹1,142 crFY27 Volume Guidance: 12-13%Wavin FY27 Volume Target: 50,000 MT
📅 Short termThe stock may face pressure due to the reported volume de-growth, but management's confidence in H1 growth and maintained annual guidance may provide support.
📈 Long termStructural growth remains supported by a ₹1,300 cr capex plan and expansion into new geographies, aiming to serve a global market beyond India.
⚠ Risk flags
- Volatility in polymer prices
- Potential shortfall in meeting high annual volume guidance
- Monsoon-related impact on agricultural demand
Key Highlights
Volume de-growth of 14% YoY in Q1 FY27 to 1,57,536 tons due to polymer price volatility.
Value-added product revenue increased 22% YoY to ₹1,142 cr, now representing ~42% of total revenue.
Operating profit grew 25% YoY to ₹398 cr, reflecting improved product mix and margins.
Management maintains full-year FY27 volume growth guidance of 12-13% despite the weak first quarter.
Wavin business integration continues with a volume target of 50,000 metric tons for FY27.
👀 What to Watch
Monitor volume recovery in Q2 and H2 to see if the company can bridge the gap to meet its 12-13% annual growth guidance. Watch for the impact of the Minimum Import Price (MIP) on PVC resin on raw material costs and pricing power.
Supreme Industries Q1 FY27: EBITDA Surges 25% to ₹398 Cr; Margins Expand to 14.65%
Supreme Industries reported a 4% YoY revenue growth to ₹2,718 Cr for Q1 FY27, while EBITDA surged 25% to ₹398 Cr. Profitability was driven by significant margin expansion to 14.65% (vs 12.23% YoY), successfully offsetting a 14.29% decline in sales volumes to 157,536 MT. The company remains debt-free with a cash surplus of ₹542 Cr. Plastic Piping continues to lead the business, contributing ₹1,791 Cr to the quarterly revenue.
Confidence: HIGH
What changedThe company achieved strong profit growth through margin expansion despite a double-digit decline in sales volumes.
Why it mattersDemonstrates operational efficiency and pricing power in a challenging volume environment, backed by a very strong balance sheet with zero debt.
Q1 Revenue: ₹2,717.66 CrQ1 Revenue vs TTM Revenue: 24.22%EBITDA Margin: 14.65%Sales Volume: 157,536 MTCash Surplus: ₹542 Cr
📅 Short termThe margin beat and strong profit growth are likely to be viewed positively by the market in the short term, despite the volume drop.
📈 Long termLong-term growth is supported by a diversified product portfolio, value-added products (40% of revenue), and ongoing capacity expansions.
⚠ Risk flags
- 14.29% YoY decline in sales volume
- Raw material price volatility
- Dependence on monsoon and infrastructure cycles
Key Highlights
EBITDA grew 24.73% YoY to ₹398.04 Cr despite volume headwinds.
EBITDA margins improved by 242 bps YoY to reach 14.65%.
Sales volume contracted by 14.29% to 157,536 MT from 183,793 MT in Q1 FY26.
Net Profit (PAT) increased 17.14% YoY to ₹207.76 Cr.
Maintained a debt-free status with a cash surplus of ₹542 Cr as of June 30, 2026.
👀 What to Watch
Watch for a recovery in sales volumes in the coming quarters and the stabilization of raw material costs. Monitor the progress of the ₹1,300 Cr capex plan and its impact on future capacity utilization.
38.7% Consolidated PAT Growth in Q1 FY27 Despite 14% Volume Decline
Supreme Industries reported a 3.83% YoY increase in consolidated income to ₹2,726.79 Cr for Q1 FY27. Despite a 14.29% drop in sales volumes to 157,536 MT caused by polymer price volatility, consolidated PAT surged 38.76% to ₹280.72 Cr. This profitability was driven by a 22% growth in value-added products, which reached ₹1,142 Cr, and a significant expansion in operating margins to 17.27% from 13.10% YoY. The company has reached a milestone capacity of 1 million MT in its piping division.
Confidence: HIGH
What changedSupreme Industries achieved significant margin expansion and bottom-line growth despite a temporary volume contraction caused by raw material price volatility.
Why it mattersThe results demonstrate strong pricing power and a successful shift toward high-margin value-added products, which now mitigate the impact of volume fluctuations in the commodity-linked piping business.
Consolidated PAT Growth: 38.76%Consolidated Operating Margin: 17.27%Value-added Revenue: ₹1,142 CrVolume Change: -14.29%Cash Surplus: ₹542 CrQ1 Revenue vs TTM Revenue: 24.3%
📅 Short termThe market is likely to react positively to the strong margin performance and PAT beat, although the volume decline will be a point of scrutiny for the next quarter.
📈 Long termThe company's expansion into uPVC windows, composite cylinders, and new geographic plants (Bihar, Jammu) positions it to capture long-term infrastructure and housing demand.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Volatility in polymer prices
- Inventory correction risks
- Dependence on monsoon and infrastructure spending
Key Highlights
Consolidated PAT increased 38.76% YoY to ₹280.72 Cr
Sales volumes fell 14.29% to 157,536 MT due to inventory correction in April
Value-added product revenue grew 22% to ₹1,142 Cr, supporting margins
Piping division capacity reached a milestone of 1,000,000 MT per annum
Cash surplus remains healthy at ₹542 Cr as of June 30, 2026
👀 What to Watch
Watch for volume recovery in Q2 FY27 as polymer prices stabilize and channel inventories normalize. Monitor the execution of new manufacturing facilities in Bihar, Jammu, and Malanpur.
Supreme Industries Q1 Results: Associate Profit Contribution at ₹73.05 Cr
Supreme Industries approved its un-audited financial results for Q1 FY27 (ended June 30, 2026). A key highlight is the ₹73.05 crore share of net profit from its associate, Supreme Petrochem Limited, in which it holds a 30.78% stake. The company's wholly-owned foreign subsidiary remains immaterial, contributing only ₹0.34 crore in revenue with a marginal loss. These results come as the company continues its ₹1,300 crore capex plan for FY26-27 to expand capacity and product segments.
Confidence: HIGH
What changedThe company has transitioned into the first quarter of the new fiscal year (FY27), with the board formally approving the standalone and consolidated financial performance.
Why it mattersAs India's leading plastic processor, Supreme's quarterly performance is a bellwether for the building materials and agri-piping sectors. The significant profit contribution from its associate (Supreme Petrochem) provides a diversified earnings stream beyond its core manufacturing operations.
Associate Profit Share: ₹73.05 CrAssociate Stake: 30.78%Subsidiary Revenue: ₹0.34 CrAssociate Profit vs TTM PAT: ~7.6%TTM Revenue: ₹11218 Cr
📅 Short termThe stock may see neutral to slightly positive movement as the associate profit contribution remains robust, though the full impact depends on the core piping segment's volume growth which is typically affected by the onset of monsoons.
📈 Long termThe company's long-term trajectory is tied to its ₹1,300 Cr capex and expansion into value-added products like window profiles and silent pipes, aiming for a capacity of 10.73 lakh MT.
⚠ Risk flags
- Volatility in raw material (PVC) prices
- Seasonal impact of monsoons on construction and agri-demand
- Intense competition in the plastic piping industry
Key Highlights
Share of net profit from associate (Supreme Petrochem) stood at ₹73.05 Cr for the quarter ended June 30, 2026.
The company maintains a significant 30.78% equity stake in its associate entity.
Wholly owned foreign subsidiary (Supreme Industries Overseas FZE) reported a nominal revenue of ₹0.34 Cr.
Consolidated total comprehensive income from the associate was recorded at ₹72.94 Cr.
The board meeting was conducted efficiently, lasting approximately 65 minutes from 11:00 AM to 12:05 PM.
👀 What to Watch
Investors should review the full press release on the company's website to assess volume growth in the piping segment and the impact of PVC price fluctuations on operating margins.
₹11,320 Cr Revenue in FY26; Piping Capacity Reaches 1 Million MT Milestone
Supreme Industries reported a 7.2% YoY revenue growth to ₹11,320 Cr for FY26, driven by a 12% volume growth in plastic products (7.54 lakh tons). The company achieved a major milestone by expanding its piping system capacity to 1 million MT per annum. While FY26 PAT stood at ₹911 Cr, management flagged a volume degrowth in Q1 FY27 (April-June 2026) due to distributor destocking following polymer price volatility. The total dividend for the year was increased to ₹36 per share, representing a total payout of ₹457 Cr.
Confidence: HIGH
What changedThe company has officially crossed the 1 million MT capacity mark in piping and transitioned to a new Chairman following the passing of Shri B.L. Taparia. It also reported a temporary volume slowdown in early FY27 due to geopolitical-led polymer price corrections.
Why it mattersAs India's leading plastic processor, Supreme's ability to maintain 12% volume growth despite price volatility demonstrates strong market positioning. The shift toward value-added products (41% of revenue) is critical for protecting margins against raw material fluctuations.
FY26 Net Revenue: ₹11,320 CrFY26 Net Profit: ₹911 CrPiping Capacity Expansion: 15% YoYTotal Dividend Payout: ₹457 CrValue-added Product Revenue: ₹4,677 CrExport Value: $26.30 million
📅 Short termThe outlook for the next few weeks is cautious as the market digests the management's admission of volume 'degrowth' in Q1 FY27 due to polymer price volatility and destocking.
📈 Long termStructural growth remains positive supported by infrastructure tailwinds, a target to multiply exports over 5-6 years, and a diversified product mix including industrial piping and composite cylinders.
⚠ Risk flags
- Raw material price volatility (PVC/Polymers)
- Geopolitical disruptions affecting supply chains
- Competition from look-alike products in the Cross Laminated Film segment
Key Highlights
Piping system capacity reached 1,000,000 MT per annum as of March 31, 2026, up from 870,000 MT.
Value-added products turnover grew to ₹4,677 Cr, contributing approximately 41.3% of total revenue.
Total dividend for FY26 increased to ₹36 per share (1800%) compared to ₹34 in the previous year.
Supplied over 2,00,000 composite LPG cylinders to BPCL during the year, expanding the customer base.
Invested ₹140 Cr in renewable energy initiatives as part of a commitment to Net Zero targets.
👀 What to Watch
Investors should monitor the H1 FY27 results (expected October 2026) to assess the extent of volume recovery after the Q1 destocking phase. The focus should remain on the margin trajectory of the newly integrated Wavin business and the adoption of high-temperature PERT pipe systems.
Supreme Industries FY26 Revenue Hits ₹11,218 Cr; Plans ₹1,000 Cr Capex for FY27
Supreme Industries reported a 12% volume growth for FY26, reaching 753,907 MT, with revenue growing 7% to ₹11,218 crores. While operating profit rose 7% to ₹1,654 crores, PAT saw a marginal 1% decline to ₹954 crores due to raw material volatility and inventory fluctuations. The company is aggressively expanding with a ₹1,000 crore capex plan to add 1.10 lakh MT capacity in FY27, targeting 15-17% volume growth in its core piping segment. Management maintains a strong outlook with a zero-debt balance sheet and a focus on value-added products which grew 15% during the year.
Key Highlights
FY26 revenue grew 7% YoY to ₹11,218 crores with a 12% increase in sales volume to 753,907 MT.
Plastic Piping System outperformed with 14% volume and 11% value growth, retaining market leadership.
Committed ₹1,000 crore capex for FY27 to increase total capacity to 1.35 million MT per annum.
Value-added product sales increased by 15% to ₹4,677 crores, now representing a significant portion of turnover.
Management targets 15-17% volume growth in piping for FY27 with projected operating margins of 14-14.5%.
👀 What to Watch
Investors should view the aggressive capacity expansion and strong volume guidance as positive indicators of long-term growth. However, be mindful of short-term margin volatility due to PVC price fluctuations, specifically the anticipated inventory losses in Q1 FY27.
Supreme Industries Recommends Rs 25 Final Dividend; Appoints New Auditors for 5 Years
Supreme Industries has recommended a final dividend of Rs 25 per share (1250% of face value) for the financial year ended March 31, 2026. The company's board has also approved the appointment of MSKA & Associates LLP (a BDO member firm) as statutory auditors for a five-year term starting from the 84th AGM. The financial results for FY26 received an unmodified audit opinion, confirming the reliability of the reported numbers. A record date of June 26, 2026, has been set for dividend eligibility, with the AGM scheduled for July 3, 2026.
Key Highlights
Recommended a final dividend of Rs 25 per share (1250%) on 12,70,26,870 equity shares.
Appointed MSKA & Associates LLP as Statutory Auditors for a 5-year period until the 89th AGM.
Record date for dividend entitlement is fixed as June 26, 2026.
Current auditors Lodha & Co LLP issued an unmodified opinion on FY26 financial statements.
Board noted a minor regulatory lapse regarding late submission of financial ratios under SEBI LODR.
👀 What to Watch
Investors should ensure they hold the stock by the record date of June 26, 2026, to be eligible for the Rs 25 dividend. The transition to a global network audit firm and a clean audit report are positive signs of corporate governance.
Supreme Industries Q4 FY26 Revenue Up 17% to ₹3,528 Cr; EBITDA Surges 50%
Supreme Industries reported a robust Q4 FY26 performance with revenue growing 17% YoY to ₹3,528 crore and EBITDA jumping 50% to ₹624 crore. For the full fiscal year 2025-26, the company achieved a turnover of ₹11,218 crore, supported by a 12% growth in sales volume reaching 753,907 MT. The company maintains a strong balance sheet, remaining debt-free with a cash surplus of ₹648 crore as of March 31, 2026. Plastic Piping remains the dominant segment, with its installed capacity now exceeding 1 million MT.
Key Highlights
Q4 FY26 EBITDA margin expanded to 17.67% from 13.77% in the same quarter last year.
Full-year FY26 sales volume grew 11.77% YoY to 753,907 MT, led by the Plastic Piping division.
Company remains debt-free with a cash surplus of ₹648 crore and a working capital cycle of 31 days.
Total installed capacity increased to 1,242,965 MT, with Plastic Piping capacity reaching 1,000,056 MT.
Standalone PAT for FY26 stood at ₹911.29 crore, representing a 1.62% YoY growth despite higher depreciation and finance costs.
👀 What to Watch
Investors should view the significant margin expansion in Q4 and the debt-free status as strong indicators of operational efficiency. The massive capacity addition in the piping segment positions the company well for future infrastructure demand, making it a solid long-term hold.
Supreme Industries Q4 FY26 Results: PAT Surges 46% to ₹382 Cr, Revenue Up 17%
Supreme Industries reported a strong performance for Q4 FY26, with revenue growing 17% YoY to ₹3,528 crores and PAT jumping 46% to ₹382.17 crores. The company achieved a significant margin expansion in Q4, with EBITDA margins reaching 17.67% compared to 13.77% in the same quarter last year. For the full year FY26, the company crossed the ₹11,000 crore revenue milestone with a 12% growth in sales volume. Supreme remains debt-free with a healthy cash surplus of ₹648 crores as of March 31, 2026.
Key Highlights
Q4 FY26 EBITDA grew by 50% YoY to ₹624 crores with margins expanding to 17.67%.
Full-year FY25-26 revenue reached ₹11,218 crores, up 7% YoY, driven by a 12% increase in sales volume to 753,907 MT.
Plastic Piping division continues to lead performance, contributing ₹7,776 crores to the annual revenue.
The company maintained its debt-free status with a cash surplus of ₹648 crores.
Total installed capacity has been expanded to 1,242,965 MT to support future growth.
👀 What to Watch
Investors should take note of the robust margin recovery and strong volume growth in the piping segment. The company's debt-free balance sheet and consistent capacity expansion make it a strong long-term play in the plastic products sector.
Supreme Industries Recommends Rs 25 Final Dividend; Sets June 26 as Record Date
Supreme Industries has recommended a final dividend of 1250%, amounting to Rs 25 per equity share for the financial year ended March 31, 2026. The company has fixed June 26, 2026, as the record date to determine shareholder eligibility for the dividend and voting rights. The board also approved the audited financial results for FY26 and proposed the appointment of MSKA & Associates LLP as the new statutory auditors for a five-year term. The dividend payout is subject to approval at the 84th Annual General Meeting scheduled for July 3, 2026.
Key Highlights
Recommended a final dividend of Rs 25 per share (1250% of face value) on 12,70,26,870 equity shares.
Fixed June 26, 2026, as the record date for dividend entitlement and remote e-voting.
Approved audited standalone and consolidated financial statements for the year ended March 31, 2026.
Proposed appointment of MSKA & Associates LLP as statutory auditors for a 5-year term starting from the 84th AGM.
The 84th Annual General Meeting is scheduled to be held on July 3, 2026, via video conferencing.
👀 What to Watch
Investors seeking the Rs 25 per share dividend should ensure they hold the stock before the record date of June 26, 2026. The unmodified audit opinion and substantial dividend payout reflect a stable financial position.
Supreme Industries Recommends Final Dividend of Rs. 25 per Share for FY26
Supreme Industries has recommended a final dividend of Rs. 25 per equity share (1250% of face value) for the financial year ended March 31, 2026. The board has fixed June 26, 2026, as the record date for determining dividend eligibility. Alongside the dividend, the company approved its audited financial results for FY26 with an unmodified audit opinion. The board also proposed the appointment of MSKA & Associates LLP as the new statutory auditors for a five-year term, replacing the outgoing auditors.
Key Highlights
Recommended a final dividend of Rs. 25 per equity share of face value Rs. 2 each (1250%).
Record date for dividend entitlement and voting rights fixed as June 26, 2026.
Appointment of MSKA & Associates LLP (BDO member firm) as Statutory Auditors for a 5-year term.
Reappointment of Shri V.K. Taparia as Executive Director approved until September 2027.
Board acknowledged and advised on a minor regulatory lapse regarding late submission of financial ratios.
👀 What to Watch
Investors should maintain their positions to benefit from the Rs. 25 dividend, ensuring they hold shares before the June 26 record date. The shift to a larger audit firm like MSKA & Associates is a positive sign for corporate governance.
Supreme Industries Q4 PAT Surges 46% to ₹382 Cr; Announces ₹25 Final Dividend
Supreme Industries reported a strong Q4 FY26 with standalone revenue growing 16.34% YoY to ₹3,536.22 crore and PAT jumping 46.07% to ₹382.17 crore. While full-year consolidated PAT remained nearly flat at ₹953.98 crore due to earlier volatility, the Q4 performance showed significant margin recovery to 17.63%. The company announced a final dividend of ₹25 per share, bringing the total FY26 payout to ₹36. Management has committed a substantial capex of over ₹1,000 crore for FY27 to increase capacity by 1.10 lakh MT.
Key Highlights
Q4 FY26 standalone operating profit rose 49.59% YoY to ₹623.50 crore with margins improving to 17.63%
Plastic goods sales volume grew 16.02% YoY in Q4 to 231,889 MT
Proposed FY27 Capex of over ₹1,000 crore for greenfield and brownfield expansions to be funded via internal accruals
Total dividend for FY26 increased to ₹36 per share compared to ₹34 per share in FY25
New Windows & Doors division at Kanpur commenced production on March 1, 2026
👀 What to Watch
The strong Q4 volume growth and margin expansion signal a robust recovery from raw material volatility. Investors should focus on the aggressive ₹1,000 crore capex plan which positions the company well for future infrastructure and housing demand.
Supreme Industries Reports Strong Financial Ratios for Q3 FY26; Debt-Equity at 0.09
Supreme Industries has disclosed key financial metrics for the quarter ended December 31, 2025, in compliance with SEBI regulations for its listed commercial papers. The company maintains an exceptionally strong balance sheet with a debt-equity ratio of just 0.09 and a robust interest service coverage ratio of 35.91. For the nine-month period ending December 2025, the company reported a net profit of ₹529.12 crores and an EPS of ₹41.65. These figures highlight the company's high creditworthiness and stable operational margins.
Key Highlights
Debt-Equity ratio remains very low at 0.09 times, indicating minimal financial leverage.
Interest Service Coverage Ratio is exceptionally strong at 35.91 times.
Net Worth stood at ₹5,068.31 crores as of December 31, 2025.
Reported a Net Profit After Tax of ₹529.12 crores for the nine-month period with an EPS of ₹41.65.
Operating margin and Net profit margin recorded at 12.10% and 6.80% respectively.
👀 What to Watch
Investors should view these healthy solvency and liquidity ratios as a sign of financial stability. The extremely low debt levels and high interest coverage make it a low-risk profile from a credit perspective.
Supreme Industries Appoints MD M.P. Taparia as Chairman and Managing Director
Supreme Industries Limited has announced the election of Shri M.P. Taparia as the Chairman of the Board and the Company, effective February 17, 2026. Mr. Taparia, who was already serving as the Managing Director, will now hold the dual role of Chairman and Managing Director (CMD). The decision was finalized during a Board Meeting held on February 17, 2026, which concluded at 11:40 a.m. This move consolidates leadership under a long-standing executive, ensuring continuity in the company's strategic direction.
Key Highlights
Shri M.P. Taparia elected as Chairman of the Board and Company effective February 17, 2026.
The appointee will now hold the dual designation of Chairman and Managing Director (CMD).
The Board Meeting confirming the appointment lasted 40 minutes, concluding at 11:40 a.m.
The change was disclosed in compliance with Regulation 30 of SEBI Listing Obligations.
👀 What to Watch
This is a leadership consolidation that signals stability and continuity within the existing management framework. Investors should maintain their current outlook as no major shift in corporate strategy is expected from this internal elevation.
Supreme Industries Appoints Managing Director M.P. Taparia as Chairman and MD
Supreme Industries Limited has announced that its Board of Directors has elected Shri M.P. Taparia as the Chairman of the Board and the Company, effective February 17, 2026. Shri Taparia, who was already serving as the Managing Director, will now hold the dual role of Chairman and Managing Director (CMD). This internal elevation indicates a focus on leadership stability and continuity in the company's strategic management. The decision was finalized in a board meeting that concluded at 11:40 a.m. on the same day.
Key Highlights
Shri M.P. Taparia elected as Chairman of the Board and Company effective February 17, 2026.
The appointee will now serve in the consolidated role of Chairman and Managing Director (CMD).
The board meeting for this election was conducted on February 17, 2026, between 11:00 a.m. and 11:40 a.m.
The transition follows compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
👀 What to Watch
Investors should view this as a move for leadership continuity as an experienced internal executive takes the helm. No immediate action is required as this is a routine administrative elevation.
Supreme Industries Announces Demise of Chairman Shri Bajranglal Surajmal Taparia
Supreme Industries Limited has informed the exchanges of the sad demise of its Chairman, Shri Bajranglal Surajmal Taparia, on January 30, 2026. He served as a Promoter and Non-Executive Director, playing a pivotal role in the company's long-term growth. The company has described his passing as an irreparable loss to the organization. Investors should now look for updates regarding the appointment of a successor to the Chairman's position to ensure leadership continuity.
Key Highlights
Demise of Chairman and Promoter Shri Bajranglal Surajmal Taparia on January 30, 2026
The deceased held the position of Non-Executive Director on the Board
Notification filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Company management acknowledges the event as an irreparable loss to the Board and employees
👀 What to Watch
Investors should monitor upcoming board meetings for the announcement of a new Chairman and any potential changes in the promoter group's involvement.
Supreme Industries Q3 FY26: Piping Volume Grows 16%, FY26 Margin Guidance Revised to 13.5-14%
Supreme Industries reported a 10% volume growth for 9M FY26, though PAT declined 22% YoY to ₹520 crores due to volatile polymer prices and lower margins. The Plastic Piping segment remains the primary driver, growing 16% in volume during Q3, with total piping capacity set to reach 1 million MT per annum by year-end. Management has revised its full-year EBITDA margin guidance downward to 13.5-14% while maintaining a strong overall volume growth target of 12-14%. The company is also expanding into window profiles and composite LPG cylinders, backed by a total FY26 capex of ₹1,200 crores.
Key Highlights
9M FY26 volume grew 10% to 522,018 MT, while PAT fell 22% to ₹520 crores.
Plastic Piping segment saw 16% volume growth in Q3, with a target of 15-17% for the full year.
Total FY26 capex estimated at ₹1,200 crores, including the Wavin business acquisition and new window profile plant.
EBITDA margin guidance for FY26 revised to 13.5-14% from the earlier 14.5-15% range due to pricing volatility.
Received a new LOI for 2 lakh composite LPG cylinders from BPCL to be executed in the current quarter.
👀 What to Watch
Investors should monitor the recovery in polymer prices and the integration of the Wavin acquisition, which are critical for margin improvement. While volume growth remains robust, the downward revision in margin guidance suggests short-term profitability pressure.
Supreme Industries Q3 Results: Revenue Up 7%, PAT Down 18% Amid Margin Pressure
Supreme Industries reported a 6.8% YoY increase in consolidated revenue to ₹2,690.71 crore for Q3 FY26, supported by a healthy 12.9% growth in sales volume. However, consolidated PAT declined by 18% YoY to ₹153.37 crore as operating margins contracted to 12.01% from 13.13% in the previous year. The company is aggressively expanding, with a 9-month capex of ₹1,031 crore and plans to reach a 1 million MT piping capacity by March 2026. Management remains optimistic about volume growth of 12-14% for the full year as polymer prices show signs of stabilization.
Key Highlights
Consolidated revenue grew 6.83% YoY to ₹2,690.71 crore, while sales volume increased 12.94% to 183,794 MT.
Consolidated PAT fell 17.97% YoY to ₹153.37 crore due to lower operating margins and volatile commodity prices.
Value-added product sales increased by 16% YoY to ₹1,118 crore, indicating a positive shift in product mix.
Total capex for FY26 is projected at ₹1,200 crore, funded entirely through internal accruals, including the Wavin business acquisition.
Plastic Piping capacity is on track to reach 1 million MT per annum by March 31, 2026, with new production lines for profile windows starting in February 2026.
👀 What to Watch
Investors should monitor the recovery in operating margins as polymer prices stabilize and the newly acquired Wavin business fully integrates. While short-term profitability is under pressure, the company's aggressive capacity expansion and focus on value-added products support a strong long-term growth outlook in the housing and infrastructure sectors.
Supreme Industries Q3 FY26: Revenue Up 7% to ₹2,687 Cr, PAT Declines 11.8% YoY
Supreme Industries reported a 7% YoY increase in revenue to ₹2,687 crore for Q3 FY26, supported by a healthy 13% growth in sales volume reaching 183,794 MT. Despite the top-line growth, profitability was impacted as PAT fell 11.78% YoY to ₹158.47 crore and EBITDA margins contracted to 11.68% from 12.31%. The 9M FY26 performance also reflects margin pressure, with PAT down 16.7% YoY. The Plastic Piping segment remains the dominant contributor, though finance costs spiked significantly by 282% during the quarter.
Key Highlights
Sales volume grew 13% YoY to 183,794 MT in Q3 FY26, indicating strong market demand.
Standalone PAT declined 11.78% YoY to ₹158.47 crore due to margin compression and higher costs.
EBITDA margins stood at 11.68% for Q3 FY26, down from 12.31% in the same quarter last year.
Plastic Piping segment revenue increased to ₹1,823 crore, while Packaging Products revenue dipped slightly to ₹390 crore.
Finance costs surged by 282% YoY to ₹11.39 crore in Q3 FY26 compared to ₹2.98 crore in Q3 FY25.
👀 What to Watch
Investors should focus on the company's ability to pass on raw material costs to recover margins, despite the robust volume growth. Monitor the impact of rising finance costs on overall profitability in upcoming quarters.
Supreme Industries Q3 PAT Drops 18% YoY to ₹153 Cr Despite 7% Revenue Growth
Supreme Industries reported a 7.1% YoY increase in consolidated revenue to ₹2,686.94 crore for Q3 FY26, showing steady demand in its core piping business. However, Consolidated Profit After Tax (PAT) declined by 18% YoY to ₹153.37 crore, primarily due to a sharp rise in finance costs and a lower contribution from its associate, Supreme Petrochem. The bottom line was also impacted by a one-time provision of ₹15.38 crore related to the implementation of new Labour Codes. Segment-wise, Plastic Piping remains the primary driver, though margins across the board faced pressure compared to the previous year.
Key Highlights
Consolidated Revenue from operations increased 7.1% YoY to ₹2,686.94 crore.
Consolidated PAT fell 18% YoY to ₹153.37 crore from ₹186.97 crore in Q3 FY25.
Finance costs surged significantly to ₹11.40 crore from ₹2.98 crore in the year-ago quarter.
Share of profit from associate (Supreme Petrochem) declined to ₹9.41 crore from ₹21.96 crore YoY.
Recognized a one-time incremental liability provision of ₹15.38 crore for new Labour Codes.
👀 What to Watch
The results indicate margin pressure and rising interest costs which may weigh on the stock price in the short term. Investors should watch for management commentary on raw material price volatility and the outlook for the piping segment's profitability.
