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

Executive summary

• Achieved 10% year-over-year sales 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 nine months was INR 980 crore, EBITDA for 9M FY26 was ₹930 crore (up 8% YoY), and profit after tax for 9M FY26 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 EPS at ₹12.07.

• Value-added product turnover in Q3 was INR 1,118 crore, up 16% YoY; new low-noise polypropylene drainage systems launched.

• Un-audited financial results for Q3 and 9M FY26 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 and EBIT, 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.

• PAT for 9M FY26: ₹529.1 crore (-16.7% YoY); cash EPS for 9M FY26: ₹65.81 vs ₹71.04 YoY.

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

• CPVC volume grew 30% in nine months.

Outlook and guidance

• Expects overall volume growth of 12%-14% and plastic piping systems growth of 15%-17% for FY2026; 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 due to lower polymer prices.

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

• Continued investment in sustainability and renewable energy initiatives.

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