Supreme Industries - Strong Performance Continues In Q3: ICICI Direct
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ICICI Direct Report
Supreme Industries Ltd.’s strong performance continued in Q3 FY21 also, with reported headline numbers much ahead of our estimates.
The key highlights of the result were -
1. strong demand for piping products from housing segment supported by revival in real estate demand,
2. market share gains across all product categories (nine-months FY21 company’s PVC resin sales volume recovery was much ahead at 96% versus 79% recovery of industry),
3. robust demand for industrial and consumer product categories with improved product mix,
4. strong growth in value added product categories (up 33% YoY) in Q3 FY21.
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