Middle East disruption impact on margins
Geopolitical tensions in the Middle East have disrupted value-added product sales and increased logistics costs, pressuring near-term margins.
GRAVITAINDIA / Q4-FY26 / risks
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Gravita India · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Aluminium hedging mechanism delay
The inability to hedge aluminium due to MCX contract delays has led to selective sales and volume decline; no clear timeline for resolution.
Copper sourcing and working capital risk
Copper scrap sourcing from developed markets requires new procurement networks, and working capital is expected to increase to ~90 days, with peak debt of ₹800-900 crore.
Regulatory uncertainty in EPR and GST
While EPR reforms are progressing, the 18% GST on battery scrap continues to favor the unorganized sector, slowing domestic material flow.