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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Achieved 10% volume growth and 3% value growth in nine months, but operating profit and PAT declined 11% and 32% year-over-year due to inventory losses from falling polymer prices. Guidance revised to 13.5%-14% margin and INR 11,000-11,500 crore topline, with strong demand outlook and CapEx funded internally.
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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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Achieved 5% volume and 3% value growth in FY 2025, with operating profit and PAT down 6% and 10% year-over-year. FY 2026 guidance targets INR 12,000 crore turnover, 10%-12% volume growth, and 14.5%-15.5% EBITDA margin, including Wavin acquisition impact.
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Q3 FY25 saw modest sales growth but significant declines in operating profit and PAT year-over-year. Despite PVC price volatility and weak infrastructure demand, the company expects strong Q4 performance, maintains robust CapEx, and remains debt-free.
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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. Management maintains 25% plastic piping and 20% overall volume growth guidance for FY25, with robust CapEx and expansion plans underway.