Supreme Industries Q1 FY27 Volume Down 14%, Profit Up 17%

Scrip Code(s): Not explicitly stated in the provided data

Event Type: The document is a transcript of the earnings conference call held for analysts and investors following the announcement of the Unaudited Financial Results for the quarter ended 30th June 2026.

Date and Time: The call was held on Tuesday, the 28th of July, 2026. A specific time and time zone were not mentioned in the provided transcript.

Purpose: The stated purpose was the discussion of the unaudited standalone and consolidated financial results for Q1 FY27 (quarter ended 30 June 2026).

Timing Relative to Earnings: The call was held after the Board Meeting and the announcement of the results on the same day (28th July 2026).

The moderator was Mrs. Anifa Fernandes from DAM Capital Advisors Limited.

Availability of Materials: The transcript itself was filed as an enclosure with the exchange. There was no mention in the transcript of a presentation deck, recording, or transcript being made available on the company's website.

UPSI Statement: The transcript did not contain an explicit statement confirming that no Unpublished Price Sensitive Information (UPSI) would be shared.

Q1 FY27 Financial Performance (Standalone):
Volume: Sold 157,536 tons, a de-growth of ~14% YoY (vs. 183,793 tons in Q1 FY26).
Revenue: ₹2,718 crores, a growth of 4% YoY (vs. ₹2,609 crores in Q1 FY26).
Operating Profit: ₹398 crores, an increase of 25% YoY (vs. ₹319 crores).
Profit After Tax (PAT): ₹208 crores, an increase of 17% YoY (vs. ₹177 crores).

Segment-wise Business Performance (YoY):
Plastic Piping Systems: Degrew 15% in volume; remained flat in value.
Packaging Products: Degrew 10% in volume; grew 9% in value.
Industrial Products: Degrew 6% in volume; grew 24% in value.
Consumer Products: Degrew 22% in volume; degrew 11% in value.
Value-Added Products: Turnover increased to ₹1,142 crores from ₹933 crores, a growth of 22%.

Business Outlook & Guidance:
Management maintains full-year volume growth guidance of 12-13% overall and 15-17% for the piping division specifically.
EBITDA margin guidance for FY27 is maintained at 14% to 14.5%.
The weak Q1 was attributed to extraordinary volatility in polymer prices in April 2026, leading to inventory correction across the value chain.
With prices stabilizing and the implementation of a Minimum Import Price (MIP) for PVC resin, conditions are expected to improve.
Strong growth is anticipated from the second half of September onwards, particularly in the agricultural segment.

Strategic Updates:
Capacity Expansion: The company is progressing with plans to establish manufacturing facilities in Bihar (21 acres), Jammu (13 acres), and Malanpur (near Gwalior). It is also acquiring land in Pondicherry and Erode for additional setups. Capex guidance for the full year is ~₹1,000 crores, with ₹500 crores already committed in Q1.
New Businesses:
The uPVC window and profile business has started, with an investment of ₹220 crores and an expected revenue potential of ₹300-350 crores at normal utilization.
The gas piping business (pipes and fittings) is estimated to be around ₹600 crores for the year, and orders have already been received and supplied.
Exports: A 6-7 year plan aims to grow exports from $26 million (last year) to $150 million, focusing on countries where India has Free Trade Agreements (FTAs).
Composite Cylinders: Current capacity is 9-10 lakh pieces per annum, running at 25-35% utilization. The company recently received an LOI from HPCL for 60,000 pieces.

The document provided is the full transcript of the earnings conference call, filed as an enclosure with the stock exchanges.

The transcript contains extensive financial data and management commentary from the Q&A session, as detailed above.