• Volume growth guidance: Management is confident of achieving 16% to 18% volume growth in FY27, supported by robust domestic and international demand alongside the global shift toward green energy and electric vehicles.
• Margin expansion outlook: Copper price hikes are passed through with no adverse impact on demand, and the company targets a profit margin increase of around 100 bps each year over the next two years.
• FMEG break-even timeline: The fast-moving electrical goods (FMEG) segment is expected to break even in FY27, aided by a portfolio shift toward premium products, switches, and switchgear.
• Capex and capacity: The company plans a ₹1,200 crore Capex across FY27 and FY28, expecting rapid utilization ramp-up to capture existing unserviced customer demand.