Supreme Industries Limited — Important, 24-01-2025: General Updates

Net product turnover for Supreme Industries in Q3 FY25 reached ₹2,488 crore, reflecting a 2% increase from ₹2,429 crore year-on-year, driven by a 3% volume growth to 162,733 MT. For the nine months, turnover rose 4% to ₹7,336 crore. However, consolidation operating profit fell 17% to ₹331 crore, and profit after tax decreased by 27% to ₹187 crore compared to the previous year.

The company noted varied performance across segments in Q3; while plastic piping sales grew 4% in volume, packaging products surged 9%. Consumer products and industrial segments witnessed declines of 7% and 5%, respectively. The overall value-added product turnover increased by 13% to ₹961 crore.

Despite a challenging PVC resin price environment and weak infra demand, the company anticipates robust demand from agriculture and housing segments in Q4. Upcoming expansion plans aim to increase plastic pipe system capacity significantly. Despite current inventory levels, a positive outlook is maintained, with expectations for eventual sales recovery as prices stabilize and de-stocking occurs.