27-Oct-2026 07:50:10
SUPREMEINDGeneral news
CLSA on Supreme Ind ; Hold, TP Rs 3500
Reported strong 2QFY27 results with Ebitda up 45% YoY, in line with estimates, helped by robust volume growth (+19% YoY) and price increases. It revised FY27 volume growth guidance to 10% (vs 12-13% earlier) and maintained Ebitda margin at 14-14.5%. This looks demanding, despite recovering PVC prices (spot c.25%+ vs June exit), given ask rate for the rest of the year is 17%+. A strong October (23% volume growth) and price hike announcements provide some comfort Raise FY27-29CL PAT 2%-10% on better volumes and profitability
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