The Supreme Industries (SUPREMEIND) Q3 25/26 earnings summary

Executive summary

• Achieved 10% year-over-year volume growth to 522,018 MT for 9M FY26, with revenue up 4% to ₹7,690 crore and net product turnover of INR 7,582 crore; Q3 FY26 sales volume rose 13% YoY and 19% QoQ.

• Consolidated operating profit for 9M FY26 was INR 980 crore and EBITDA was ₹930 crore, while profit after tax declined 16.7% YoY to ₹529.1 crore.

• Q3 FY26 consolidated revenue was ₹2,686.94 crore, with profit after tax at ₹153.37 crore and EBITDA margin at 11.68%.

• Value-added product turnover in Q3 rose 16% YoY to INR 1,118 crore.

• Un-audited results included performance from a wholly owned foreign subsidiary and Supreme Petrochem Limited.

Financial highlights

• Plastic piping system business grew 16% in volume and 10% in value in Q3 YoY; Plastics Piping Products led segment sales with 9M FY26 sales tonnage at 415,614 MT and revenue at ₹5,218 crore.

• Q3 FY26 revenue: ₹2,687 crore (7% YoY, 12% QoQ); EBITDA: ₹314 crore (2% YoY, 6% QoQ); EBITDA margin: 11.68% vs 12.31% YoY.

• CPVC segment posted 30% volume growth over nine months.

• Inventory losses estimated at INR 100-120 crore over nine months due to falling polymer prices.

• PAT margin for 9M FY26: 6.9% (down from 8.6% YoY); Cash EPS for 9M FY26: ₹65.81 vs ₹71.04 YoY.

Outlook and guidance

• Overall volume growth expected at 12%-14% for FY2026; plastic piping systems targeted at 15%-17%.

• Margin guidance revised to 13.5%-14% for the year, with Q4 margins expected at 15%-16%+.

• Topline guidance revised to INR 11,000-11,500 crore for FY2026 due to lower polymer prices.

• Focus on expanding specialty and value-added products, leveraging strong cash flows for future growth.

• The company will re-evaluate the impact of new Indian Labour Codes once further guidance and state-level regulations are notified.