Supreme Industries' plastic division (excluding construction business) recorded value growth of ~3% YoY led by 12% volume growth during Q2FY20. The company's piping division (~64% of topline) recorded a strong performance with volume, value growth of 20% and 19%, respectively. However, the performance of industrial, packaging and consumer products was hit by low demand and strong competition in Q2FY20. Plastic segment EBITDA margin increased ~100 bps YoY to 14.5% in Q2FY20. The strong margin was on account of inventory gains and change in product mix during...