India · Delayed Price · Currency is INR The Supreme Industries Earnings Call Transcripts
Fiscal Year 2026
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Reported 12% volume and 7% revenue growth for FY 2026, with strong performance in Plastic Piping and value-added products. CapEx of over INR 1,000 crore planned, targeting 15–17% piping volume growth and 14–14.5% margins for FY 2027.
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Volume and value growth continued, but profits and margins declined due to inventory losses from falling polymer prices. Guidance for FY2026 was revised downward for both topline and margins, but strong demand and capacity expansion support a positive outlook.
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H1 FY26 saw 8% volume and 2% value growth, but operating profit and PAT declined 15% and 24% year-over-year. The company expects 12%-14% volume growth for FY26, with robust H2 demand, and maintains a 14.5%-15% operating margin target.
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Q1 FY26 saw 6% volume growth but lower profits due to inventory losses and price declines. Upgraded guidance targets 15-17% volume growth, with margin recovery expected as inventory losses subside and value-added products increase.
Fiscal Year 2025
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FY 2025 saw 5% volume and 3% value growth, but operating profit and PAT declined by 6% and 10% due to inventory losses and lower infra spending. FY 2026 guidance targets INR 12,000 crore turnover, 10%-12% volume growth, and 14.5%-15.5% EBITDA margin, with major CapEx and the Wavin acquisition boosting capacity.
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Q3 FY25 saw modest volume and value growth but a decline in profits due to weak infra and agri demand, PVC price volatility, and inventory losses. Brownfield expansions and new product launches are underway, with strong CPVC growth and a focus on value-added products. Margin guidance for FY25 is 13.5%-14%.
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Q2 FY25 saw flat volumes but a 2% decline in value, with H1 showing 9% volume and 5% value growth year-over-year. Guidance for plastic piping system volume growth was revised down to 16%-18% due to price volatility, while CapEx of INR 1,500 crores is planned, funded by internal accruals.
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Q1 FY25 saw 17% volume and 12% value growth, with consolidated income up 12% and profit after tax up 27% year-over-year. The company maintains 25% piping and 20% overall volume growth guidance, with robust CapEx and expansion plans, and expects margins of 15-15.5%.