Lubricants JV revenue target of ₹500 crore in 5-6 years
The SK Move JV aims to achieve ₹500 crore revenue within 5-6 years, starting commercialization in FY27 with significant numbers by FY28.
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Gabriel India · forward-looking guidance across the available source record.
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What management said would happen.
revenue
Double-digit EBITDA margin target maintained
Management reiterated the aspiration to achieve double-digit EBITDA margins over the next couple of years, despite near-term pressure from MMA acquisition.
MMA acquisition to turn PBT positive by end of FY26
The MMA business is expected to achieve positive PBT by the end of the current fiscal year, with margins eventually aligning with Gabriel's average.
Capex guidance of ₹150-180 crore for FY26
Capital expenditure for FY26 is anticipated to be around ₹150 crore, potentially reaching ₹180 crore if asset upgrades are required.
Hero MotoCorp SOP in Q1/Q2 FY27
First order from Hero MotoCorp will start production by end of Q1 or start of Q2 FY27, with additional models under discussion.
Hyundai sunroof SOP by Dec 2027
Three variants of TVS-type sunroof for Hyundai will start production by December 2027, with annual revenue potential of ₹120 crore.
Sunroof localization target 60% by FY27 end
Management targets increasing sunroof localization from current 33% to 60% by end of FY27 to improve margins.
Second sunroof line utilization to reach 60-70%
With new wins, the second sunroof line (currently idle) is expected to achieve 60-70% utilization moving forward.
Group revenue target of ₹50,000 crore by 2030
Gabriel remains the automotive growth engine for the group, targeting ₹50,000 crore revenue by 2030, with progress on track.
Standalone capex of ₹160-190 crore for FY27
Management guided standalone capex between ₹160-190 crore for FY27, in line with FY26 spend of ~₹190 crore.
Sunroof EBITDA margin of 12-14%
Sunroof business EBITDA margin at capital level is expected to remain in the 12-14% range.
Janatics commercial production by Q3 FY27
Janatics factory construction expected to complete by September 2026, with commercial production starting in Q3 or Q4 of FY27.