Supreme Industries Ltd , a leading player in India's plastic industry, has released its financial results for the first quarter, along with significant strategic moves to strengthen its market position.

Financial Performance

The company reported a consolidated net profit after tax of Rs. 202.30 crores for the quarter, marking a 26% decline from Rs. 273.37 crores in the same quarter last year. The total income saw a marginal decrease to Rs. 2,626.13 crores compared to Rs. 2,657.79 crores in the previous year's corresponding quarter.

Here's a breakdown of the key financial metrics:

All figures in Rs. crores, except EPS

Strategic Acquisitions and Partnerships

In a significant move to expand its market presence and technological capabilities, Supreme Industries has announced two major strategic initiatives:

1. Acquisition of Wavin's Indian Operations: The company has entered into Business Transfer Agreements with Wavin Industries Limited and its two wholly-owned subsidiaries. This acquisition, valued at approximately Rs. 310 crores, is expected to be completed by July 31, 2025. Wavin is known for manufacturing and distributing plastic piping products under the "Wavin" brand and is part of the globally renowned Orbia Group.

2. Technology Licensing Agreement: Supreme Industries has signed a Master Technology License Agreement with Wavin B.V. Netherlands, an Orbia group company. This agreement grants Supreme Industries exclusive access to Wavin's existing and future plastic piping technologies for building and infrastructure in India and SAARC countries. The seven-year agreement is set to take effect from August 1, 2025.

Management Commentary

Sarthak Behuria, Chairman of the Meeting, stated, "While our Q1 results reflect the challenging market conditions, we are excited about the strategic moves we've made. The acquisition of Wavin's Indian operations and the technology licensing agreement position us strongly for future growth and innovation in the plastic piping sector."

These strategic initiatives are expected to enhance Supreme Industries' product portfolio and technological capabilities, potentially opening up new growth avenues in the coming years.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on July 24, 2025.

Investors and stakeholders will be keenly watching how these strategic moves impact the company's performance in the upcoming quarters, as Supreme Industries aims to strengthen its position in the competitive plastic industry landscape.

Supreme Industries , a leading plastic products manufacturer in India, has made significant strides in expanding its technological capabilities and reported its financial results for the first quarter.

Technology License Agreement

Supreme Industries has entered into a technology license agreement with Wavin Netherlands, granting the company exclusive access to plastic piping technology in India and SAARC countries. This strategic partnership is expected to enhance Supreme Industries' technological prowess in the plastic piping segment across the specified regional markets.

Business Acquisition

The company has also signed Business Transfer Agreements (BTA) with Wavin Industries Limited and its two wholly-owned subsidiaries. The acquisition, valued at approximately ₹310.00 crore, is expected to be completed by July 31, 2025, subject to fulfillment of agreed terms and conditions.

Q1 Financial Performance

Supreme Industries has released its unaudited standalone financial results for the quarter ended June 30:

Despite a 5.73% increase in plastic goods sold, the company experienced a slight decline in total income and a more significant decrease in profitability compared to the same quarter last year.

Business Outlook

Mr. M. P. Taparia, Managing Director of Supreme Industries, commented on the business outlook:

• Polymer prices remain at affordable lower levels, with PVC prices in a downward trend, which is expected to support business growth.
• The early onset of monsoon affected the agricultural piping system business in the first quarter.
• The company anticipates good demand for housing and agriculture, supported by favorable rainfall in most parts of the country.
• With the government's commitment to boost infrastructure spending, demand from that sector is expected to revive.

Other Developments

• The company maintains a strong financial position with a net cash surplus of ₹856.00 crore as of June 30.
• Supreme Industries plans to set up a new unit for material handling products at Malanpur (M.P.) to expand its footprint in central India.
• The company has successfully executed its first order for PE pipe for gas applications and received DVGW Certification for Electrofusion (EF) Fittings from Germany.
• Construction for the Profile window project is nearing completion, with trial production expected to commence in the second quarter of the current fiscal year.

Supreme Industries continues to focus on expanding its product range and increasing the share of value-added products across all divisions. The company remains optimistic about its growth prospects, particularly in the plastic piping division and protective packaging products segment.