Material cost savings target of ₹79 crore for FY26
Management expects total material cost reduction of ₹79 crore for the full year, with ₹44 crore in Q4.
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IFB Agro Industries · forward-looking guidance across the available source record.
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Engineering division growth target of 20%+ per annum
Engineering division targets over 20% annual growth driven by increased share of business with OEMs and new projects.
Engineering division margin target of 17-18%
Engineering division aims to restore PBDIT margins to 17-18% from current ~12% as startup expenses normalize.
New CEO to join by April 15, 2026
A new CEO with sales and distribution experience from a ₹20,000 crore company will join to lead the appliances division.
Home appliances revenue growth of 20%+ in FY27
Management expects home appliances division to grow north of 20% in FY27, driven by market share gains and new product launches.
Engineering division revenue growth of 20-25% in FY27
Engineering division targets 20-25% growth on existing business, with new verticals (EV battery parts, motorcycle chains) adding further upside.
Engineering division EBITDA margin target of 17-18%
Engineering division aims to improve EBITDA margin from current ~15% to 17-18% over the next 2-3 years.
Cost optimization savings of ₹150 crore in FY27
Management targets ₹150 crore in cost optimization savings for FY27, with ₹29 crore already realized in April-May.