• AC demand outlook: Extended summer conditions and delayed monsoons drove strong room air conditioner sales in Q1 FY27, significantly outperforming the same quarter of the previous financial year.
• Cost pass-through: Polymer and plastic raw material prices increased by 30% to 40% due to Middle East tensions, but cost increases have been largely passed on to customers to protect margins.
• Capex and expansion: The company has planned a capital expenditure of ₹400 crore to ₹500 crore for FY27, which includes setting up a greenfield refrigerator facility near Chennai targeted for commercial production in Q4.
• Revenue guidance timeline: Full-year FY27 revenue guidance has been deferred to July or August 2026 to monitor macroeconomic indicators, commodity prices, and geopolitical developments.