CLSA ON SUPREME INDUSTRIES
• Rating: HOLD | Target Price: ₹3,500
• Q2 FY27 EBITDA rose 45% YoY, supported by strong volume growth of 19% and price hikes.
• FY27 volume growth guidance revised to 10% from 12–13%; EBITDA margin guidance maintained at 14–14.5%.
• Volume growth target looks challenging, requiring 17%+ growth for the remainder of FY27.
• October volume growth stood at 23%, while announced price hikes provide some comfort.
• FY27–FY29 PAT estimates raised by 2–10% on improved volume growth and profitability.
1October 27, 2026 1.4K
