• US manufacturing expansion: Waaree plans to exceed 4.5 GW of production capacity in the United States over the next six months, scaling up from its initial 1.5 GW setup through organic expansion and facility acquisitions.
• BESS segment rollout: The company is executing a 20 GW battery energy storage plan, with a 4 GW Phase 1 cell plant starting in 4–5 months to deliver complete Make in India storage solutions by year-end, followed by upstream raw material integration within 15–18 months.
• EBITDA growth guidance: Management is targeting approximately ₹7,500 crore in EBITDA (around 25% growth), driven by higher volumes, backward integration, and phased commissioning across a ~₹30,000 crore capex pipeline.
• Margin and leverage: EBITDA margins compressed by supply chain and input costs are expected to recover in the second half of the fiscal year, while the company maintains a conservative debt-to-equity target of approximately 0.5.