{"id":160618,"date":"2024-04-29T07:30:28","date_gmt":"2024-04-29T11:30:28","guid":{"rendered":"https:\/\/44.250.171.167\/?p=160618"},"modified":"2024-04-29T07:30:29","modified_gmt":"2024-04-29T11:30:29","slug":"the-supreme-industries-limited-q4-fy24-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/the-supreme-industries-limited-q4-fy24-earnings-conference-call-insights\/","title":{"rendered":"The Supreme Industries Limited Q4 FY24 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from The Supreme Industries Limited (SUPREMEIND) Q4 FY24 Earnings Concall<\/strong><\/p>\n<ul>\n<li><strong>Financial Performance<\/strong>\n<ul>\n<li>Q4 net product turnover: INR2,979 crores, up 37% YoY.<\/li>\n<li>FY24 net product turnover: INR10,022 crores, up 11% YoY.<\/li>\n<li>Q4 consolidated operating profit: INR531 crores.<\/li>\n<li>Q4 consolidated profit after tax: INR355 crores.<\/li>\n<li>FY24 consolidated operating profit: INR1,654 crores, up 22% YoY.<\/li>\n<li>FY24 consolidated profit after tax: INR1,070 crores, up 24% YoY.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Business Outlook<\/strong>\n<ul>\n<li>Indian economy achieved highest growth in FY24 among advanced economies.<\/li>\n<li>Government initiatives to boost manufacturing and infrastructure expected.<\/li>\n<li>Plastic piping system business expected to grow 25% in volume in FY25.<\/li>\n<li>Overall company expects 20% volume growth in FY25.<\/li>\n<li>Long-term scenario remains bullish due to economic reforms.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Capacity Expansion<\/strong>\n<ul>\n<li>Planned capex of around INR1,500 crores in FY24.<\/li>\n<li>New plants planned at Kanpur, Patna, Vijayawada, and near JNPT port.<\/li>\n<li>Capacity to be funded from internal accruals.<\/li>\n<li>Brownfield expansions at existing manufacturing sites.<\/li>\n<li>Total installed capacity at FY24-end was 950,000 MT across segments.<\/li>\n<li>Capacity expected to increase by 100,000 MT to 1,050,000 MT by FY25-end.<\/li>\n<li>Major capacity additions planned in the plastic piping segment to 835,000 MT.<\/li>\n<li>Committed capex of INR500 crores at FY24 start to be completed in FY25.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Product Segments<\/strong>\n<ul>\n<li>Plastic piping systems grew 34% in volume, 15% in value in FY24.<\/li>\n<li>Packaging products grew 8% in volume, 7% in value.<\/li>\n<li>Industrial products grew 5% in volume, declined 30% in value.<\/li>\n<li>Consumer products remained flat in volume, declined 1% in value.<\/li>\n<li>Value-added products turnover increased 13% to INR3,737 crores.<\/li>\n<\/ul>\n<\/li>\n<li><strong>New Product Launches<\/strong>\n<ul>\n<li>5 new plastic piping systems to be launched in FY25.<\/li>\n<li>Bath fittings and sanitary SKUs to increase from 421 to over 1,000.<\/li>\n<li>New PVC profile manufacturing unit with 5,000 ton capacity.<\/li>\n<li>Cross-laminated plastic film production to commence in Q2 FY25.<\/li>\n<li>Expanding range of dustbins and auto-molded panels in material handling division.<\/li>\n<li>Launching PERT piping system for hot water applications.<\/li>\n<li>Introducing acoustic polypropylene pipe system for low noise transmission.<\/li>\n<li>Adding polypropylene gas piping system to product portfolio.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Margins<\/strong>\n<ul>\n<li>Gross margins had declined in the previous three quarters.<\/li>\n<li>However, margins improved in Q4, with the company maintaining EBITDA margins around 50-51%.<\/li>\n<li>Better economies of scale from capacity expansions to aid margin improvement.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Plastic Piping Focus<\/strong>\n<ul>\n<li>Plastic piping segment contributed around 70% to revenues in FY24.<\/li>\n<li>Company plans to invest more in this high-growth segment over the next 5+ years.<\/li>\n<li>Focus on plastic piping to help achieve greater cost optimization and higher market share.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Oil &amp; Gas Opportunity<\/strong>\n<ul>\n<li>Oil &amp; gas segment offers 200,000 MT annual demand opportunity for plastic pipes.<\/li>\n<li>Company getting approvals for supplying to oil &amp; gas companies like IOCL.<\/li>\n<li>Setting up new capacity at Kharagpur to cater to this segment cost-effectively.<\/li>\n<li>Potential big business opportunity once gas distribution picks up.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Jal Jeevan Mission<\/strong>\n<ul>\n<li>Contributed around 25,000 tons or 5% of plastic piping volumes in FY24.<\/li>\n<li>Expected to drive growth over next 2 years, but visibility limited.<\/li>\n<li>Orders received monthly from contractors across 8 locations.<\/li>\n<\/ul>\n<\/li>\n<li><strong>PVC and CPVC Price Outlook<\/strong>\n<ul>\n<li>Difficult to forecast PVC prices for full year amid global economic slowdown.<\/li>\n<li>No major upside expected unless anti-dumping duty imposed by India.<\/li>\n<li>Red Sea disruption caused 20-day delay in US supplies, minor freight impact.<\/li>\n<li>Players reducing CPVC production as unable to raise prices amid weak demand.<\/li>\n<li>Company has dropped CPVC pipe prices substantially to maintain thin margins.<\/li>\n<li>Uncertain if CPVC prices have bottomed out or further correction is likely.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Growth and Market Share<\/strong>\n<ul>\n<li>Company&#8217;s market share in plastic piping segment is around 12% in FY24.<\/li>\n<li>Industry volume growth for plastic piping was 13.79% in FY24.<\/li>\n<li>Company expects 25% volume growth in plastic piping in FY25 vs. industry growth estimate of 12%.<\/li>\n<li>Real estate sector expected to drive fastest growth among end-user segments in FY25.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Capacity Utilization<\/strong>\n<ul>\n<li>Plastic piping plants operated at decade-high 75% utilization in FY24.<\/li>\n<li>Despite 25% targeted volume growth in FY25, no capacity constraints expected.<\/li>\n<li>Capacity additions of 100,000 MT planned, can add more if required.<\/li>\n<li>No issues with supply of raw material or power anticipated.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Margins and Realizations<\/strong>\n<ul>\n<li>Annualized packaging margins expected to improve from FY24 levels.<\/li>\n<li>More value-added products and increasing exports to aid margin expansion.<\/li>\n<li>Realizations in packaging segment expected to remain firm going forward.<\/li>\n<li>EBITDA\/kg showing declining trend, strategy to prioritize volumes over margins.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from The Supreme Industries Limited (SUPREMEIND) Q4 FY24 Earnings Concall Financial Performance Q4 net product turnover: INR2,979 crores, up 37% YoY. FY24 net product turnover: INR10,022 crores, up 11% YoY. Q4 consolidated operating profit: INR531 crores. Q4 consolidated profit after tax: INR355 crores. FY24 consolidated operating profit: INR1,654 crores, up 22% YoY. FY24 [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":154818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[13462,10169,11937,11397],"class_list":["post-160618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-cross-laminated-films","tag-earnings","tag-packaging-film","tag-plastics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":170553,"url":"https:\/\/alphastreet.com\/india\/p-i-industries-ltd-q1-fy26-earnings-results\/","url_meta":{"origin":160618,"position":0},"title":"P I Industries Ltd Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 25, 2025","format":false,"excerpt":"PI Industries Ltd is a leading player in the agro-chemicals space having strong presence in both Domestic and Export markets. 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