Risk Intelligence
PVC resin price volatility
View Risks →Supreme Industries reported FY26 revenue of ₹1,128 crore, up 7% YoY, with volume growth of 12% to 775,397 tons.
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Supreme Industries reported FY26 revenue of ₹1,128 crore, up 7% YoY, with volume growth of 12% to 775,397 tons. EBITDA rose 7% to ₹1,654 crore, while PAT declined marginally by 1% to ₹954 crore due to higher depreciation and other expenses. The piping segment grew 14% in volume, outperforming the industry which declined 9%, driven by market share gains and new product launches. The company guided for FY27 piping volume growth of 15-17% and overall volume growth of 12-14%, with EBITDA margins of 14-14.5%. Capex of over ₹1,000 crore is planned, adding 110,000 tons capacity. Key risks include continued volatility in PVC resin prices and slower-than-expected government infrastructure spending under Jal Jeevan Mission.
PVC resin price volatility
View Risks →Full transcript text is available on this route.
Read Transcript →Plastic piping system volume grew 14% in FY26, significantly outperforming the industry decline of 9%.
CPVC pipe volumes grew 28% in FY26, driven by new product launches and market expansion.
Wavin plant contributed ~10,000 tons in Q4 after starting normal operations from February 2026.
Current export revenue is only $5 million; management targets $50 million in the near term.
Management guided for plastic piping system volume growth of 15-17% in FY27, driven by new capacity and market share gains.
PVC prices have been highly volatile, with a 32% increase in March followed by a 30% decline in April, impacting channel inventory and demand.
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