India, Aug. 30 -- Following the government's imposition of a minimum import price on suspension-grade PVC, PVC resin prices fluctuated dramatically, causing India's plastic piping industry to experience a volatile first quarter. Before demand started to stabilise through July, this caused channel destocking throughout the industry.

Supreme Industries shares last traded near Rs.3,636.90, up 1.45% from its previous close of Rs.3,585, giving the company a market capitalisation of about Rs.46,198 crore and a trailing price-to-earnings ratio near 44.11 times.

Strong Year-on-Year Print, Weak Sequential Trend Despite exceptional polymer price volatility disrupting demand, Supreme Industries' standalone Q1 FY27 revenue increased 4.2% year over...