The Supreme Industries Limited announced its standalone results of Q1 FY26, revenue was down by 1.2% to reach Rs. 2,626.12 crore whereas PAT (before OCI) was Rs. 177.4 crore, down by 24.9% in comparison to Q1 FY25.

M. P. Taparia, Managing Director, The Supreme Industries Limited said, "Polymer prices remain in affordable range at lower levels. PVC prices remain in a downward range. This augurs well for growth in the business going forward this year and beyond. In the first quarter, the plastic piping business was affected due to the twenty days early break of monsoon. This has resulted in loss of agriculture piping system business. Due to fall in PVC prices, there was inventory loss affecting profitability in the quarter."

"Country is witnessing good rainfall in most of the parts which augurs well for the economy. Going forward the company expects good demand for housing and agriculture. The inflation is coming down. With government commitment to boost infrastructure spend, the company believes demand for that sector should also get revived. The company remains positive of envisaged volume growth with increase in value added products turnover both for the Plastic piping Division and for the company during the current fiscal year," commented Taparia.

The company has entered into Business Transfer Agreements (BTA) with Wavin Industries Limited and its two wholly owned subsidiary companies viz: Wavin India Pipes and Fittings Manufacturing Private Limited & Wavin India Holdings Pvt. Ltd.. The acquisition as a going concern on a slump sale basis, is likely to be completed by 31st July 2025, subject to fulfilment of terms and conditions precedent provided for in respective BTAs as mutually agreed between the parties. The aggregate consideration for the entire transaction including for net working capital (NWC), is about Rs. 310 crore. NWC is subject to final adjustment as on closing date.

The company is also entering into a Master Technology License Agreement with Wavin B.V. Netherlands, an Orbia group Company, to access on exclusive basis for India and other SAARC Countries, all its existing technologies and other new technologies to be developed during the period of seven years, pertaining to Plastic Piping systems for Building and Infrastructure segment. The same shall be effective from 1st August 2025.

Going forward this acquisition and Licensing arrangement would take the business of the Plastic Piping division to a new scale in terms of capacities, market reach and product offerings.

Capacity expansions at various locations for Plastic Piping business and Protective packaging products are progressing smoothly. Company has planned to set up a new unit for material handling products at its newly acquired land at Malanpur (MP) to expand its footprint in central India. Work for the same shall be taken up in hand shortly.

All the equipment for the PP silent pipe system in technical collaboration with Poloplast Gmbh of Austria has been installed and trial production is underway. Commercial production is likely to commence next month

The company has successfully executed its first order for PE pipe for gas application. The company also has the prestigious DVGW Certification for the Electrofusion (EF) Fittings from Germany for the use in water and gas. This gives the company credential to get qualified to participate in tenders for GAS Pipe and EF Fittings supply. With these products & certifications, Supreme is the only company eligible to produce and supply both pipes and fittings for gas.

The company has received a letter of acceptance (LoA) for supply of 2 lakhs nos. of 10 Kg. composite LPG cylinders to Bharat Petroleum Corporation limited (BPCL) and has also received a repeat order of 2.31 lakh nos. of composite LPG cylinders from Indian Oil Corporation Limited (IOCL) which will enable the company to improve utilization of expanded capacity of its composite cylinder division to a reasonable level.