ICICI Direct: Supreme Industries’ Better Product Mix, Good Demand Drives Q2 Performance
Supreme Industries Insuflex tubes (image: Company website)

ICICI Direct: Supreme Industries’ Better Product Mix, Good Demand Drives Q2 Performance

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct Supreme Industires Q2FY21 Result Update.pdf

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