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Realty revival to push PVC pipe sales, prop Supreme Industries stock

Strong demand for plastic pipes, higher value-add mix drive earnings upgrade

PVC pipes
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While the company didn't give any forward guidance, it does expect Q4FY21 to be better than last year due to the fillip provided to the housing market. |Photo: Shutterstock

Yash Upadhyaya Mumbai
Shares of India’s largest plastic pipe maker Supreme Industries are up over 3 per cent over the past two consecutive sessions in a weak market, after the firm delivered better-than-expected results in the October-December (Q3) period.  

The company’s revenues in the third quarter jumped close to 35 per cent to Rs 1,844 crore as compared to street expectation of Rs 1,554 crore. This was mainly driven by a healthy 10 per cent growth in volumes on the back of strong demand from the housing segment and was supported by revival in real estate demand.  

India’s housing market, struggling with muted

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First Published: Jan 28 2021 | 6:36 PM IST

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