• Raw material management: After raw material prices surged nearly 70% in 11 days due to West Asia disruptions, the company added roughly 50 crore to raw material inventory to prevent shortages, while successfully passing through cost increases.
• Key vertical recovery: Order flows for US sports nets have normalized following the end of tariffs, salmon aquaculture demand is rebounding after FY26 price drops, and the domestic geosynthetics business continues expanding at over 40% annually.
• Profit and margin outlook: The company expects to return to its long-term target of doubling profits every five years, aiming for double-digit profit growth over the next couple of years and average FY27 margins around 21%.
• Norway market strategy: Transitioning from distributors to a direct sales model in Norway has enabled deeper engagement with top salmon producers covering 60% of the market, with key 13-month product trials set to conclude in FY27.