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Revenue
₹1,381 Cr
verified against source
Revenue YoY
13%
reported change
EBITDA
₹119 Cr
latest reported figure
Source
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record provenance
Actual signal trajectory
Where this quarter sits.
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What the record says.
Gabriel India reported a steady Q4 FY26 with consolidated revenue of ₹1,210 crore (+13% YoY) and EBITDA of ₹119 crore (+6.5% YoY), though margin contracted slightly to 9.7%. Standalone revenue grew 19% YoY to ₹1,111 crore, driven by strong OEM demand across two-wheelers, passenger vehicles, and commercial vehicles. The company received NCLT approval for the scheme of arrangement involving ENMCO and Asia Investment, effective May 22, 2026, which will consolidate automotive businesses under Gabriel. New ventures in sunroofs (170,000 units sold in FY26), SK lubricants (operations started), and Janatics (factory construction on track) are progressing. Management maintained its long-term margin target of ~10% and reiterated the group's ₹50,000 crore revenue goal by 2030. Key risk: sharp commodity inflation and West Asia conflict could pressure margins if pass-through is delayed.
Colored figures show movement against the previous available record.
Guidance to track
- Gabriel remains the automotive growth engine for the group, targeting ₹50,000 crore revenue by 2030, with progress on track.
- Management guided standalone capex between ₹160-190 crore for FY27, in line with FY26 spend of ~₹190 crore.
- Sunroof business EBITDA margin at capital level is expected to remain in the 12-14% range.
- Janatics factory construction expected to complete by September 2026, with commercial production starting in Q3 or Q4 of FY27.
Risks flagged
- Sharp increases in aluminium, steel, and plastics are pressuring gross margins; pass-through to customers may lag, impacting near-term profitability.
- Prolonged conflict could raise crude oil prices, reduce vehicle affordability, and dampen demand, especially in two-wheelers.
- Q4 sunroof revenue dropped as Kia Syros ramp-up was slower than anticipated; new model launches may face similar delays.
- Aftermarket and export volumes dipped in Q4 due to supply chain prioritization for OEMs; recovery may be uneven.
Key quotes
- Gabriel is a growth engine for the group. Therefore all the businesses, the new businesses which we are entering into, those are forming part of Gabriel.
- Our targets whether it is margin improvement or whether it is going to 50,000 crores or continuing the acquisition journey, they cannot get derailed.
- The moment things streamline, this will come back to normal. It may take a quarter here and there, but it'll be there.
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