• AC segment demand: Strong summer weather and delayed monsoons drove robust cooling product sales in Q1 FY27, resulting in an expected performance improvement compared to Q1 FY26.
• Input cost pass-through: Polymer and petrochemical raw material prices surged by 30% to 40% due to Middle East tensions, but the company has successfully passed on most of the cost increases to customers.
• FY27 capex plans: Capital expenditure for FY27 is estimated at ₹400 to ₹500 crore, primarily allocated toward a new greenfield refrigerator manufacturing facility near Chennai in Andhra Pradesh scheduled for commercial production in Q4 FY27.
• Revenue guidance timeline: Formal revenue and profit guidance for FY27 has been deferred until July or August to gain clearer visibility on macroeconomic factors, commodity volatility, and geopolitical developments.