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Supreme Inudstries Ltd.’s results were above estimates on the revenue front as there was an overall revival seen in volumes across businesses except the piping segment.
Gross margins contracted by 184 basis points year-on-year. Inventory gains of Rs 800-1,000 million in Q4 FY21 due to increase in PVC prices.
Share of value added products increased by 20% YoY.
The company reported volume decline of 1.7% in piping segment in Q4 FY21, as the sales of the products were not good due to elevated prices.
Overall volume growth registered for Q4 FY21 was 8% which was due to stable/positive performance from all the segments.
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