The company’s revenue increased 4.2% to ₹2,717.7 crore from ₹2,609 crore, although it came in below the CNBC-TV18 estimate of ₹2,920 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 24.5% to ₹397 crore from ₹319 crore, and EBITDA margin expanded to 14.7% from 12.2%, ahead of the Street estimate of 13.88%.
At the consolidated level, operating profit rose 36.9% to ₹471 crore from ₹344.1 crore, while profit before tax increased 33.4% to ₹353.6 crore from ₹265.2 crore. The company ended the quarter with a cash surplus of ₹542 crore, compared with ₹648 crore as of March 31, 2026.
The company attributed the weak volume growth to sharp volatility in polymer prices during the quarter. Plastic goods sold declined 14.3% year-on-year to 157,536 metric tonne from 183,793 metric tonnes. However, revenue from value-added products increased 22% to ₹1,142 crore from ₹933 crore in the corresponding quarter last year, helping improve profitability.
Chairman and Managing Director M. P. Taparia said, “The first quarter of FY27 was impacted by extraordinary volatility in polymer prices, particularly the abnormal downward price movement witnessed during April, which triggered inventory correction across the value chain. While this affected industry volumes during the quarter, we believe this is a temporary phenomenon.”
He added that with polymer prices returning to more stable levels, removal of customs duty exemption w.e.f. July 16 and effecting Minimum Import Prices (MIP) for suspension Grade PVC Resin, the expects improved business momentum in the coming quarters as channel inventories normalise and demand conditions recover.
“With our diversified product portfolio, strong brand equity, wide distribution network and continued focus on operational efficiency, our Company remains well placed to participate in India’s medium and long-term growth opportunities,” he said.
On the broader outlook, Taparia said, “India remains one of the fastest-growing major economies, supported by infrastructure development, urbanisation, water management projects and expansion of gas distribution networks. The Company believes these structural growth drivers will continue to support demand for its products over the medium and long term.”
He added that India’s expanding network of free trade agreements with the UAE, Australia, EFTA nations, the UK, the EU and other strategic markets provides “a significant opportunity for Supreme Industries to enhance its export footprint,” with the company investing in product development, certifications and market access initiatives to scale exports over the next few years.
The company said its Plastic Piping Systems business continues to strengthen its market leadership through product innovation and capacity expansion.
Installed capacity in the segment has reached one million metric tonnes per annum, while new products such as PERT Pipe Systems, Electrofusion Olefin Fittings, Industrial Valves and PP Silent Pipe Systems have been introduced. It also said the integration of the Wavin business has enhanced its technology and product capabilities.
Supreme Industries added that its Material Handling business continued to perform steadily, while the Composite LPG Cylinder business expanded with all three oil marketing companies now procuring composite cylinders for domestic requirements.
The company also launched its uPVC Windows & Doors business, which has received an encouraging market response, and said it is continuing with capacity expansion plans through new manufacturing facilities in Bihar, Jammu and Malanpur, besides acquiring additional land in Puducherry and Erode to support future growth.
Shares of Supreme Industries jumped following the Q1 results announcement, hitting an intraday high of ₹3,492.80, but they have pared some of the gains and are trading at ₹3,422 around 1.30 pm, still up 2.5%. The stock has declined more than 20% in the last 12 months.
