Research ReportsSupreme Industries Q2 Review: IDBI Capital Maintains 'Hold' Post Inline Result, Trims Target Price— Here's Why
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Supreme Industries Q2 Review: IDBI Capital Maintains 'Hold' Post Inline Result, Trims Target Price— Here's Why
Despite near term challenges, the brokerage believes Supreme Industries is poised to do well given its robust capacity, extensive distribution network and healthy balance sheet.
Supreme Industries reported net sales of Rs 23.9 billion, marginally up by 5.3% YoY, while Ebitda came in at Rs 2.9 billion, declined by 6.8% over Q2 FY25.
(Photo: Supreme Industries Pipes and fitting company website)
Though Supreme Industries reported healthy sales volume growth, volatile polymer prices weighed on net sales realisation, dragging overall earnings of the company. However, the management is optimistic about demand revival aided by good monsoon and lower inflation.