• Revenue and expansion: Completion of Phase 1 at the Punjab facility is projected to double top-line revenue to ₹5,700–6,000 crore in FY27, with Phase 2 expected to add ₹1,000 crore in FY28 to reach nearly ₹7,000 crore.
• Cost pass-through: Despite raw material costs rising by 20–25% due to geopolitical headwinds, the company has successfully passed through price increases by limiting fixed order commitments to 15–20-day windows.
• Debt and leverage: The company maintains a forward debt-to-EBITDA ratio under 2x and anticipates current debt levels to represent peak debt as new manufacturing capacity begins full operations.
• Revenue segment mix: Polyester filament yarn accounts for 80% of revenue, cotton yarn contributes 15–16%, and technical textiles makes up 4–5% with an anticipated segment demand growth rate of 10–13%.