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ICICI Direct Report
Supreme Industries Ltd. reported a strong set of Q2 FY21 numbers led by a strong recovery in piping, packaging and industrial products categories.
The key highlight of the results were -
1. demand for pipes and fittings used in the housing segments was robust across India barring Mumbai regions,
2. while the industry witnessed approximately 80% of pre-Covid-19 level recovery in H1 FY21, the company saw approximately 94% recovery indicating market share gains from regional/ unorganised segments,
3. robust demand for packaging and industrial product categories with improved product mix.
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