In an interaction with CNBC-TV18, Managing Director MP Taparia said that the full year margins are now seen between 13.5% to 14% from 14.5% to 15% projected earlier.
For the full year, the overall volume growth guidance has been maintained between 12% to 14%, while for the plastic piping business, the volume growth is seen between 15% to 17%.
"Plastics piping business growth is now coming back to normalcy as continuous downward pricing trend scenario has been arrested," Managing Director MP Taparia said in a statement. "Driven by good monsoon, favourable economic conditions encompassing housing, agri and infrastructure in the last quarter of FY26 will put good demand growth for the year."
For the December quarter, Supreme Industries' net profit fell 18% from the same quarter last year to ₹153.4 crore. The number was lower than the CNBC-TV18 poll of ₹215 crore.
Revenue for the quarter increased by 7% from last year to ₹2,687 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at ₹314 crore, a growth of 1.5% from the year-ago period. Both revenue and EBITDA were marginally below the CNBC-TV18 poll expectations.
EBITDA margin for the quarter narrowed to 11.7% from 12.3% in the December quarter of last year.
Supreme Industries expects a cash outgo of ₹1,200 crore for the full year, of which capex of ₹1,031 crore has already been undertaken towards existing and new commitments, including the Wavin acquisition. The entire capex will be funded via internal accruals.
Shares of Supreme Industries have now turned positive, now trading 0.4% higher at ₹3,385. The stock is down 14% over the last 12 months.
