The Supreme Industries (SUPREMEIND) Q2 25/26 earnings summary

Executive summary

• H1 FY26 revenue rose to ₹5,003.08 crore, up 2% year-over-year, with sales volume increasing 8% to 338,224 tonnes.

• Consolidated operating profit for H1 FY26 was ₹656 crore, with PAT at ₹367.04 crore, both declining year-over-year.

• Interim dividend of ₹11 per share declared, up from ₹10 last year, with record date set for November 3, 2025.

• Major acquisition of Wavin's Plastic Pipe Business, including three manufacturing units, completed for ₹302 crore effective August 1, 2025.

• Basic and diluted EPS (consolidated) for H1 was ₹28.89, down from ₹37.78 year-over-year.

Financial highlights

• Q2 FY26 revenue grew 5% year-over-year to ₹2,394 crore, with sales volume up 12% to 154,431 MT.

• Value-added product turnover rose to ₹1,073 crore in Q2 FY26 from ₹907 crore in Q2 FY25.

• Net cash surplus dropped to ₹49 crore as of September 30, 2025, from ₹944 crore as of March 31, 2025, mainly due to acquisitions and CapEx.

• Inventory loss of ₹50-60 crore in H1 due to falling raw material prices.

• H1 FY26 EBITDA margin at 12.32%, compared to 14.40% in H1 FY25.

Outlook and guidance

• Expects 12%-14% overall volume growth for FY26, with plastic piping segment targeted at 15%-17%.

• Annual turnover guidance of ₹11,000-11,500 crore and operating margin of 14.5%-15%.

• Exclusive technology license agreement signed with Wavin B.V. Netherlands for India and SAARC countries, enhancing future product offerings.

• Anticipates robust demand in agriculture and housing in H2, with infrastructure demand expected to improve.

• Exports targeted to rise from below 3% to potentially 5% of turnover over time.