Supreme Industries (SIL) recorded subdued volume growth of ~3% YoY led by lower offtake by dealers in Q1FY17, change in product mix and absence of revenue from the construction business. Plastic piping recorded volume growth of 6% YoY while volume growth of packaging products declined ~11% YoY. Contribution of value added products categories increased from 34.7% to 34.9% in Q1FY17 led by the plastic piping and furniture division Benign raw material prices helped in expanding the gross margin by...