Supreme Industries - Strong Performance Continues In Q3: ICICI Direct
Supreme Industries Insuflex tubes (image: Company website)

Supreme Industries - Strong Performance Continues In Q3: ICICI Direct

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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.’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.

Click on the attachment to read the full report:

ICICI Direct Supreme Industries Q3FY21 Result Update.pdf

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