Piping Volume Growth (FY26)
14%
+14% YoY
Plastic piping system volume grew 14% in FY26, significantly outperforming the industry decline of 9%.
SUPREME
Diversified
28 Apr 2026
Supreme Industries — Q4 FY26
Supreme Industries reported FY26 revenue of ₹1,128 crore, up 7% YoY, with volume growth of 12% to 775,397 tons.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
CPVC Volume Growth (FY26)
28%
+28% YoY
CPVC pipe volumes grew 28% in FY26, driven by new product launches and market expansion.
Wavin Volume (Q4 FY26)
10,000 tons
N/A
Wavin plant contributed ~10,000 tons in Q4 after starting normal operations from February 2026.
Export Revenue
$5 million
N/A
Current export revenue is only $5 million; management targets $50 million in the near term.
Management Guidance
Piping volume growth 15-17% in FY27
Management guided for plastic piping system volume growth of 15-17% in FY27, driven by new capacity and market share gains.
Management guidance growthOverall volume growth 12-14% in FY27
Overall volume growth for the company is expected to be 12-14% in FY27, including all segments.
Management guidance growthEBITDA margin 14-14.5% in FY27
Management expects EBITDA margins to be in the range of 14-14.5% for FY27, consistent with historical sustainable levels.
Management guidance marginsCapex of over ₹1,000 crore in FY27
The company plans to incur capital expenditure exceeding ₹1,000 crore in FY27, including greenfield projects and capacity expansion.
Management guidance capexKey Risks
PVC resin price volatility
PVC prices have been highly volatile, with a 32% increase in March followed by a 30% decline in April, impacting channel inventory and demand.
high · management_commentarySlow government infrastructure spending
Jal Jeevan Mission and other government schemes have seen slow fund releases, with only one-third of budgeted amounts spent in the last two years.
high · analyst_questionIncreased competition from Chinese PVC imports
China has become a larger supplier of PVC to India, putting downward pressure on prices and potentially squeezing margins.
medium · management_commentaryExport growth challenges
Export revenue remains low at $5 million, and geopolitical disruptions have moderated export performance, though management targets $50 million.
medium · analyst_questionNotable Quotes
We look forward to achieve 2 million ton in the current financial year.
We are earning more than 25% return on capital employed year after year for last 18 years.
We don't see any cash erosion now in the previous price for time.
Frequently Asked Questions
What was Supreme Industries's revenue in Q4 FY26?
Supreme Industries reported revenue of ₹1,128 Cr in Q4 FY26, representing a +7% change compared to the same quarter last year.
What guidance did Supreme Industries management give for FY27?
Piping volume growth 15-17% in FY27: Management guided for plastic piping system volume growth of 15-17% in FY27, driven by new capacity and market share gains. Overall volume growth 12-14% in FY27: Overall volume growth for the company is expected to be 12-14% in FY27, including all segments. EBITDA margin 14-14.5% in FY27: Management expects EBITDA margins to be in the range of 14-14.5% for FY27, consistent with historical sustainable levels. Capex of over ₹1,000 crore in FY27: The company plans to incur capital expenditure exceeding ₹1,000 crore in FY27, including greenfield projects and capacity expansion.
What are the key risks for Supreme Industries in FY27?
Key risks include PVC resin price volatility — PVC prices have been highly volatile, with a 32% increase in March followed by a 30% decline in April, impacting channel inventory and demand.; Slow government infrastructure spending — Jal Jeevan Mission and other government schemes have seen slow fund releases, with only one-third of budgeted amounts spent in the last two years.; Increased competition from Chinese PVC imports — China has become a larger supplier of PVC to India, putting downward pressure on prices and potentially squeezing margins.; Export growth challenges — Export revenue remains low at $5 million, and geopolitical disruptions have moderated export performance, though management targets $50 million..
Did Supreme Industries meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Supreme Industries Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.