Fluoropolymer segment 25% revenue growth for FY26
Management reiterated 25% growth guidance for fluoropolymer business, driven by new approvals and legacy player exit.
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Gujarat Fluorochemicals · forward-looking guidance across the available source record.
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What management said would happen.
revenue
R32 capacity to reach 20,000 MT by end of FY26
R32 capacity to be ramped up to 20,000 metric tons in phases by end of this financial year via retrofitting.
Battery materials revenue to trickle in from H2 FY26, meaningful in FY27
Revenue from battery chemicals expected to start in second half of FY26, with significant ramp-up in FY27.
Capex of 1,200 crore in EV business in FY26
Planned capex of 1,200 crore for battery materials business in FY26, on track as per plan.
R32 capacity target of 20,000 MT by March 2026
Management reaffirmed the target to achieve 20,000 MT R32 capacity by end of FY26, with plant restart expected by end of November 2025.
Battery materials revenue to start in Q4 FY26
Revenue from EV materials business is expected to begin flowing from Q4 of the current financial year.
Battery materials EBITDA breakeven in FY27
Management expects the battery chemicals business to reach EBITDA breakeven in FY27.
Capex of ~₹1,500 crore for battery materials in FY27
Capex for battery materials is expected to be around ₹1,500 crore in FY27, part of the ₹6,000 crore 4-5 year plan.
R32 capacity to reach 20,000 tons by Q1 FY27
Phase 1 R32 capacity of 20,000 tons will be commissioned early in calendar year 2026, delayed from March 2026 due to safety audits.
Battery materials capacities fully utilized by end of FY27
Current LiPF6, LFP CAM, and binder capacities expected to be fully utilized by end of FY27, with revenue ramp-up starting in FY27.
Working capital days target of 170-180
Management targets reducing inventory days from current 201 to 170-180 in the coming year.
Oman battery materials plant commissioning in 18 months
Greenfield project in Oman with $216M investment expected to be commissioned in 18 months (mid to end CY27).
Fluoropolymer volume growth of 15-20% in FY27
Management guided 15-20% volume growth in fluoropolymer products for FY27, driven by semiconductor and clean energy demand.
R32 capacity to reach 20,000 tons by H2 FY27
R32 capacity will be ramped up to 20,000 tons by the second half of FY27; 10,000 tons already operational.
Battery materials revenue to reach three-digit crore by Q4 FY27
Battery materials revenue expected to reach a high three-digit crore number by Q4 FY27, with significant QoQ growth.
Battery materials EBITDA margin target of 25%+ by FY29
Management reiterated target of 25%+ EBITDA margins for battery materials by FY29, with 2x asset turns.