Max India · forward-looking guidance across the available source record.
Guidance tracker
Management targets AGZ break-even contribution by Q4 FY27. Marketplace CM2 already at -17% in July (down from -80-70% historically), with ROAS improvements and brand ambassador onboarding expected to drive margin recovery.
Expansion of care homes will be assessed around October-November 2026. Currently 485 beds across 8 care homes with 5 trending to operating model. Each bed requires Rs 10-12 lakh capital including operational losses.
200-unit opportunity in North Bangalore, 25 minutes from airport, overlooking Nandi Hills. Potential sales value ~Rs 900 crore. Management is in last stages of diligence with developer.
Management reaffirms target to double AGZ revenue from ~Rs 77 crore in FY26 to ~Rs 150 crore. July monthly ARR already at Rs 10 crore (Rs 120 crore annual run rate).
Management expects the residences vertical to achieve break-even by end of FY27, supported by steady DM fee income from Estate 360/361 and launch of new projects.
The AGZ e-commerce vertical is targeted to reach EBITDA break-even in the last quarter of FY27, with monthly run rates of Rs 3.5-4 crore (marketplace), Rs 2.5 crore (D2C), and Rs 1.5-2 crore (offline) currently.
The company targets consolidated profitability by FY28 as all three verticals (Residences, Assisted Care, AGZ) reach operational break-even and scale.
Management announced plans to raise Rs 200-250 crore within the next 6-9 months to fund future growth, primarily for care home expansion and AGZ, with some allocation for new residence projects.