Supreme Industries Limited (SUPREMEIND) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated July 24, 2026 3 min read

Supreme Industries faces a pivotal Q1 as it navigates the impact of a temporary PVC duty waiver alongside a shifting housing demand environment. Shareholders will be watching for the extent of margin expansion from lower input costs and the pace of volume growth across its core plastics piping segment.

Quick Details

Results date	July 28, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 2,609.2 Cr
Previous quarter PAT	Rs. 202.3 Cr
Market cap	Rs. 43405.08 Cr
CMP	Rs. 3417.0

Supreme Industries Limited Q1 Results Date and Time

The company will hold its board meeting on July 28, 2026, to consider the audited financial results.

What to expect from Supreme Industries Limited's Q1 FY27 results

Revenue growth is expected to remain in the high single-digits to low double-digits, supported by the duty-free PVC environment and strong urban housing registrations in April and May. Gross and EBITDA margins are likely to expand year-on-year, as the company benefits from lower landed PVC resin costs throughout the quarter compared to the year-ago period. While the plastics piping segment is anticipated to show continued momentum, management will likely address the impact of a delayed monsoon on irrigation demand and the broader Q2 housing slowdown reported in major cities. The upcoming call will focus on whether the company retained the PVC duty-free cost benefit or passed it through to customers, and whether the inventory buildup noted at the end of FY26 has moderated.

Key Things To Watch

Margin and Pricing Dynamics: Monitoring the pass-through of raw material cost benefits.

Gross margin trajectory following the lapse of the PVC duty waiver on July 15, 2026
Assessment of whether the duty-free PVC benefit was retained or passed to customers through the quarter

Segment and Demand Performance: Tracking volume drivers amid shifting market conditions.

Plastics piping volume growth relative to the 23.4% YoY growth seen in Q4 FY26
Impact of the two-week monsoon delay on irrigation pipe demand
Performance of industrial and consumer products segments which remained weak in the previous quarter

Working Capital and Capacity: Evaluating the efficiency of capital deployment.

Inventory-to-revenue ratio and drawdown of the 21.4% YoY inventory buildup seen in March 2026
Fixed-cost absorption following the Rs. 1,117 Cr capex investment in FY26

Frequently Asked Questions

How did the PVC duty waiver impact Supreme Industries in Q1?

The exemption of Basic Customs Duty on PVC imports from April 2 through July 15 provided a tailwind by lowering the landed cost of the company's primary raw material. This benefit was active for the entire April–June quarter, potentially supporting gross margin expansion.

What is the status of the company's debt position?

As of the FY2025-26 audited consolidated report, the company maintained zero total borrowings. It continues to demonstrate strong cash generation with Rs. 1,214.7 Cr in cash flow from operations during the previous fiscal year.

How has the housing market affected the company's outlook?

While Mumbai property registrations remained strong in April and May, broader data from seven major cities showed a 6% YoY decline in Q2 housing sales. Management will likely discuss how this bifurcation in demand impacts the plastics piping segment.