• Production cut status: A 35% production cut implemented in the second half of March has eased to 20% in Q1, with demand gradually recovering across multiple sectors despite geopolitical challenges.
• FY27 growth guidance: The company is penciling in approximately 20% growth across revenue, EBITDA, and volumes for FY27 on a like-to-like basis, keeping its long-term growth target of 25% intact.
• Cash flow targets: Management is tracking ahead of its two-year ₹600 crore operating cash flow target for FY26 and FY27, having generated over ₹300 crore in FY26 against an initial plan of ₹250 crore.
• ROCE and debt: The company is aiming for a return on capital employed between 20% and 25%, while planning to keep debt levels flat or declining by funding business investments through internal cash generation.