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

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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.

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