• Revenue and volumes: Full-year revenue growth is projected to exceed 25% with substantial volume expansion expected as production ramps up at the new Sanand plant following marginal volume growth in Q1.
• Sanand capacity expansion: Sanand Phase 1 contributed approximately ₹200 crore in Q1 and is expected to contribute around ₹3,000 crore in FY27, while Phase 2 remains on track for commissioning by March 2027.
• EBITDA margin guidance: Sustainable margin guidance has been raised to 11%–12%, up from the previous range of 10.5%–11%, driven by operational efficiencies and a better product mix.
• Export turnover target: Full-year exports are targeted at 16%–18% of total turnover, supported by a strong order book and US data center contracts, recovering from Q1 headwinds in the Middle East and US tariffs.