SUPREMEIND Q4 FY26 earnings call.
A source-linked concall view: reported numbers, management language, guidance, commitments and risks that should carry forward.
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Revenue
₹3,528 Cr
verified against source
Revenue YoY
7%
reported change
EBITDA
₹1,654 Cr
latest reported figure
Source
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record provenance
Actual signal trajectory
Where this quarter sits.
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What the record says.
Supreme Industries delivered FY2026 revenue of INR 11,218 crore (+7% YoY) with consolidated EBITDA of INR 1,654 crore (+7%) and PAT of INR 954 crore (-1% YoY). Volume grew 12% to 753,907 tons. The company outperformed a 9% industry volume decline in plastic piping, driven by 14% volume growth in Plastic Piping Systems and 38% growth in CPVC pipes. Management guides for FY2027: 15%-17% piping volume growth, 12%-13% overall volume growth, and 14%-14.5% EBITDA margins. CapEx of INR 1,000+ crore will add 110,000 MT capacity by FY2027. Key risks include PVC resin price volatility impacting channel dynamics, delayed government spending on Jal Jeevan Mission (only INR 22,000 crore of INR 67,000 crore budgeted spent annually), and geopolitical disruptions affecting exports. A new window/door division at Kanpur went live March 2026 with INR 250 crore revenue potential.
Colored figures show movement against the previous available record.
Guidance to track
- Management anticipates 15%-17% volume growth specifically in the plastic piping system segment for FY2027, driven by new capacity additions and market share gains.
- Total company volume growth guidance for FY2027 is 12%-13%, accounting for mixed performance across Industrial and Consumer Products segments.
- Management expects sustained EBITDA margins in the 14%-14.5% range, providing return on capital employed above 25%.
- Committed capital expenditure exceeding INR 1,000 crore including greenfield projects in Patna (Bihar), Jammu (J&K), Gadegaon (Maharashtra), and Material Handling at Malanpur (MP). New packaging facility planned near JNPT. Total installed capacity to reach 1.35 million tons.
Risks flagged
- Despite INR 67,000 crore annual budget announcements, only INR 22,000 crore (one-third) has been spent in each of the last two years. State government matching fund contributions are lagging, delaying pipeline execution. CAG audit concerns raised by analysts but management not fully aware.
- PVC prices fluctuated sharply: INR 47-48/kg increase in January-March, followed by INR 32-33/kg decline. Current price ~INR 81/kg. Extended volatility disrupts channel inventory management and demand patterns, particularly impacting agricultural pipe demand.
- Export performance witnessed moderation due to geopolitical developments and trade disruptions. Current export from plastic piping is only $5 million vs $50 million target. Gulf region tensions affecting polymer supply chains globally.
- Industrial Products segment degrew 1% in volume and 3% in value, continuing demand slowdown from OEM customers. This weakness persists into FY2027 guidance uncertainty.
Key quotes
- We anticipate growth between 15%-17% [for piping volume in FY2027]. Overall around 12%-13%.
- Industry growth, yeah, you can ask raw material producer, but they told us they anticipate 8% growth this year [FY2027].
- For the full year, we anticipate we may get 48,000 tons-50,000 tons this year [from Wavin].
- We are earning more than 25% year-after-year for last 18 years. We are seeing that our return on average capital employed is more than 25%, and that is the only criteria we follow in our company.
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