Supreme Inds rattles investors

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

- Harsha Jethmalani [e-mail]

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.