1. Opening Hook
In a quarter where inflation cooled, crude behaved, and infra spending stayed loud, Supreme Industries still managed to confuse the street. Volumes surged like a plumbing exhibition on steroids, revenues climbed politely, and EBITDA… well, EBITDA decided to take a nap.
Management proudly talked about tonnage growth, sustainability targets, and brand awards, while profits politely exited stage left. If this were a Bollywood movie, this quarter would be titled “Housefull, But No Paisa.”
Yet, before dismissing it as a dull quarter, pause. There’s a lot brewing under the polymer surface—pricing pressure, employee cost creep, and a strategic pivot toward value-added products.
Read on. The pipes are flowing, but the leaks are where it gets interesting.
2. At a Glance
- Sales Volume up 13% YoY – Trucks ran full; factories clearly skipped lunch breaks.
- Revenue up 7% YoY – Volume helped, pricing shrugged.
- EBITDA up just 2% YoY – Growth arrived, margins didn’t RSVP.
- EBITDA margin at 11.7% – Down from last year; polymers didn’t obey Excel.
- PAT down 12% YoY – Profits chose sustainability over celebration.
3. Management’s Key Commentary
“Sales volume grew 13% YoY driven by strong demand
across segments.”
(Translation: Pipes saved the quarter. Everything else nodded politely.) 😏
“Employee costs increased due to annual increments and expansion.”
(Translation: People-first culture is expensive, who knew.)
“Raw material prices remained largely stable.”
(Translation: No excuse there, margins still slipped.)
“Packaging and specialty films continue to see steady traction.”
(Translation: Still small, but management wants you to notice.)
“We remain focused on value-added products and brand strength.”
(Translation: Low-margin volumes won’t impress us forever.)
“Sustainability initiatives are progressing well.”
(Translation: ESG is strong, EPS not so much.) 🌱
4. Numbers Decoded
| Metric | Q3 FY26 | YoY | What It Really Means |
|---|---|---|---|
| Volume (MT) | 1,83,794 | +13% | Demand strong, execution solid |
| Revenue (₹ Cr) | 2,687 | +7% | Pricing power still missing |
| EBITDA (₹ Cr) | 314 | +2% | Costs ate the feast |
| EBITDA Margin | 11.7% | ↓ | Employee + other expenses |
| PAT (₹ Cr) | 158 | -12% | Depreciation & finance costs said hello |
Quick take: Volume-led growth
