• Margin guidance: The company is maintaining its Project Rise target of a 100 basis points annual improvement, projecting margins of around 9.5% for the current year.
• Wires and cables: Full-year volume growth is guided at 16% to 18%, driven by strong tailwinds in the projects segment, with exports and domestic demand expected to track in parallel.
• FMEG segment outlook: Management expects the FMEG business to achieve break-even or a slight profit this year, while moderating growth guidance to 10% to 12% and testing the market with small kitchen appliances.
• CAPEX allocation: Out of an overall ₹1,200 crore outlay, around ₹500 crore or slightly more will be deployed this year to expand cable capacity, yielding an estimated revenue potential of about ₹5,000 crore at a blended asset turn of 5 to 6.