Supreme Industries - Strong Performance Across Segments With Inventory Gains Led To Expansion In Q3 Margins: Dolat Capital
PVC tubing is displayed for sale. (Photographer: Victor J. Blue/Bloomberg)

Supreme Industries - Strong Performance Across Segments With Inventory Gains Led To Expansion In Q3 Margins: Dolat Capital

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.

Dolat Capital Report

Supreme Industries Ltd.’s results were above estimates on revenue front as there was an overall revival seen in volumes across segments.

Gross margins expanded by 177 basis points YoY driven by better product mix as new products were introduced across segments and inventory gains due to increase in PVC prices.

Share of value added products increased by 33% YoY. The company reported volume growth of 9% in piping segment in Q3 FY21, as the non-agriculture segment supported in the revival of volumes with improvement in demand for new houses and revival of demand in metro cities.

Click on the attachment to read the full report:

Dolat Capital Supreme Industries Q3FY21 Result Update.pdf

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