Poging GOUD - Vrij

Supreme Inds rattles investors

Mint Mumbai

|

October 29, 2025

Sticky issue Supreme Industries' Q2FY26 margin declined year-on-year, hit by the downtrend in polymer prices.

- Harsha Jethmalani harsha.j@htlive.com

Pipe maker Supreme Industries Ltd is hoping to find respite from demand and margin woes in the second half of the financial year (H2FY26) after a patchy first half.

The likely imposition of an antidumping duty on PVC resin in November, and improved agriculture and plumbing demand are expected to buoy earnings prospects.

Still, following the muted September quarter (Q2FY26), a meaningful revival may be easier said than done. Q2 volumes increased around 12% year-on-year. The key plastic piping segment rose 17%, partly aided by Wavin Industries' plastic pipes business acquisition in August. Consumer products, industrial and packaging are its other businesses.

MEER VERHALEN VAN Mint Mumbai

Mint Mumbai

Mint Mumbai

Pune firm cracks rare earth code; magnet gap stays

Last November, Vikram Dhoot, managing director of Pune-based Ashvini Magnets, began receiving an unusual flurry of calls and emails from Chinese companies. They wanted to collaborate, transfer technology and supply materials—without any active solicitation.

time to read

2 mins

November 01, 2025

Mint Mumbai

Vedanta profit falls 59% on one-off hit

Anil Agarwal’s metals and mining company Vedanta Ltd reported a sharp decline in profits during the September quarter despite favourable business conditions as it took a onetime write-off in its power business.

time to read

1 min

November 01, 2025

Mint Mumbai

The modern traveller's flexiscape route

Travellers are ripping up rigid itineraries and picking destinations that offer it all: rest and adventure, cultural depth and effortless luxury

time to read

4 mins

November 01, 2025

Mint Mumbai

Japanese auto seeks new ignition in tech, India

Then, Nissan announced a refresh strategy—Re:Nissan—toregain itsmojoamid mounting losses and layoffs.

time to read

2 mins

November 01, 2025

Mint Mumbai

Air India seeks $1.1 bn lifeline from Tatas, SIA

Air India is seeking at least ₹100 billion ($1.14 billion) in financial support from owners Singapore Airlines and Tata Sons, Bloomberg News reported on Thursday, citing people familiar with the matter.

time to read

1 min

November 01, 2025

Mint Mumbai

Mint Mumbai

Custom fits for four-legged divas

From bespoke 'sherwanis' to hand-embroidered leashes, pet fashion is nearly as indulgent as human fashion

time to read

4 mins

November 01, 2025

Mint Mumbai

Mint Mumbai

Berkshire’s new normal: No Buffett shareholder letter and no ‘Buffett premium’

Warren Buffett still has a couple months left as Berkshire Hathaway’s chief executive. The company’s shares are already feeling his absence.

time to read

4 mins

November 01, 2025

Mint Mumbai

Mint Mumbai

Tata, JBM, others eye India's biggest electric bus tender

At least half a dozen Indian electric bus makers, including Tata Motors Ltd, JBM Auto Ltd, and PMI Electro Mobility Solutions Ltd, are eyeing the country's largest electric-bus tender set to close on 6 November, according to two people aware of the development.

time to read

3 mins

November 01, 2025

Mint Mumbai

Stride raises $300-mn India, UK, GCC funds

Stride Ventures launched three funds across India, Gulf Cooperation Council and the UK, raising $300 million in the past six months to be deployed in respective territories, top executives at the venture debt platform said.

time to read

1 min

November 01, 2025

Mint Mumbai

Mint Mumbai

Tata, JBM, others eye India’s biggest electric bus tender

Both officials spoke on the condition of anonymity asthe names of the potential bidders arenot public.

time to read

2 mins

November 01, 2025

Listen

Translate

Share

-
+

Change font size