Sheela Foam · tone and specificity signals across the available quarters.
Language signals
Kurlon has emerged as a significant turnaround for the group. Prior to Kuron acquisition, SFL on a consolidated basis was at an EBITDA margin between 10 to 11%. At the time of acquisition, Kuron's EBITDA was in the mid single digit. We have continuously improved Kuron's operations and have achieved a consolidated core EBITDA of the combined Indian operations of 10% for the last 9 months.
We are continuously working to enhance our growth rate to 15%. Now very difficult to commit the quarter on which it will be achieved but we will try to achieve earlier than later. As far as the margins are concerned we would be reaching around 14-15% in FY28 but somewhere in between the current margins and 15% in the next year.
The net debt levels in India is less than 300 crores and overseas is around 325 to 350 crores. Total net debt at a consolidated level should be somewhere between 600 to 650 crores excluding lease capitalization.
FI26 has been a year of implementation of the benefits of the Kuron acquisition and its integration with Chilafoam.
Our core IITra margins for Q4 climbed to 11.5%. For full year of last fiscal, the core riveta margin stood at 10.7%. This indicates that we are already in a 11 to 12% bracket and should move further onwards with growth.
We are open to that and I think our position remains the same that we are open to that but that doesn't mean that we are switched off from it we will pursue that and wait for right person to come at the right time.