• Raw material pass-through: Raw material prices surged by nearly 70% over 12–13 days due to Middle East tensions, but the company is passing these cost increases through to domestic and international customers starting in Q1.
• India-UK FTA benefits: The trade agreement offers duty advantages for the company while opening the Indian market to premium Scottish salmon clients, creating mutual commercial benefits.
• Domestic segment growth: The geosynthetics slope-protection business has maintained a 40% growth rate over the last three years, while industrial, construction safety, transmission, and fishing segments are rebounding strongly.
• Operating margin guidance: Consolidated operating margins are expected to remain stable within the 20% to 21% range, supported by an 80% revenue share from value-added products and efforts to upgrade the commodity rope portfolio.