28 Oct 2025 | 5 Mins Read
Supreme Industries shares decline on revised forecasts of lower volumes
Flipitmoney
Supreme Industries' September quarter earnings fell short of expectations, prompting brokerages to cut price targets and turn cautious. CLSA and Nuvama trimmed price targets to ₹4,275 and ₹4,356, respectively, citing weak margins. Volumes grew 12% YoY, but margins declined 7% YoY. Supreme retained its pipe growth guidance but lowered overall volume growth guidance to 12-14%.