• Margin recovery: After Q4 EBITDA margins fell to 9.1% due to a ₹10,000 to ₹11,000 per ton increase in wire rod costs, margins are expected to rebound to 14% in Q1 as price hikes have been successfully passed on with a one-quarter lag.
• Volume growth targets: Following 19% volume growth in Q4, the company expects to maintain 18% to 20% volume growth in FY27 while keeping factories running at full utilization.
• Export market expansion: Exports grew by approximately 250% across India and Thailand operations, with further volume expansion planned as the company gains customer approvals in the US and European markets.
• Chennai plant expansion: The company is investing ₹25 crore to expand the Chennai plant from 30,000 tons to 60,000 tons capacity, projecting 35,000 to 40,000 tons of output in FY27 and peak utilization by FY28.