Transcript of the earnings conference call held on Monday, the 27th April, 2026
SUPREMEIND · price
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Supreme Industries reported FY26 revenue of Rs 11,218 crore (up 7%) with volume growth of 12% to 753,907 MT. Consolidated operating profit was Rs 1,654 crore and PAT was Rs 954 crore (down 1%). Management guided for FY27 piping volume growth of 15-17% and overall volume growth of 12-13%, with EBITDA margins expected at 14-14.5%. The company plans Rs 1,000 crore capex to add 1.10 lakh MT capacity by FY27, taking total capacity to 1.35 million MT. PVC resin prices have been highly volatile, falling 30% in April after a 32% rise in March; current prices are around INR81/kg. Industry plastic piping volumes declined 9% in FY26, while Supreme grew 14% in piping volume. The new Windows & Doors division at Kanheri (UP) started production in March 2026 with capacity of 10,000 windows per month, targeting Rs 200-250 crore annual revenue at full capacity. Wavin acquisition is now operational from February, contributing around 10,000 tons in Q4. Management stated their long-term dream is to reach 2 million tons volume.
Management's steady margin guidance of 14-14.5% and 12-17% volume growth targets indicate resilient business performance despite raw material volatility. The Rs 1,000 crore capex plan signals continued expansion mode, while the new Windows & Doors business and industrial piping entry open additional revenue streams.