AC industry flattish for FY26
Management expects the AC industry to be at best flattish for FY26 due to 35% degrowth in H1, with recovery unlikely in H2.
EPACK / guidance tracker
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EPACK Durable · forward-looking guidance across the available source record.
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What management said would happen.
revenue
Non-AC segments to drive overall revenue growth
SDA, LDA, and component segments are expected to grow strongly, offsetting AC weakness and ensuring overall revenue growth over last year.
Haier mass production start by end-December 2025
The dedicated Haier facility is ready; mass production for ACs is planned to start by end-December 2025 or first week of January 2026.
Capex of ~₹450 crore planned over multiple years
Total planned capex of ~₹450 crore for Sri City, Bhiwadi, and Haier facilities; ₹175 crore already spent in H1 FY26.
AC revenue mix target of 60-65%
Management expects AC to contribute 60-65% of total revenue, with SDA at 12-15% and components at ~20%.
Capex of ₹450 Cr over 12-18 months
Company has incurred ₹218 Cr in first 9 months and plans additional ₹225 Cr in next 6-9 months for capacity expansion.
EBITDA margin target of 7.5-8% in medium term
Company confident of maintaining EBITDA margin in the 7.5-8% range over medium to long term.
AC industry growth of 15-20% over FY25
Management expects AC industry to grow 15-20% in FY27 over FY25, with EPACK growing at 20-30% in AC.