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Revenue
₹142.5 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
₹9.5 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Sharat Industries reported Q3 FY26 revenue of ₹142.5 crore with EBITDA margin of 6.67% and PAT of ₹4.74 crore. For 9M FY26, revenue grew 42% YoY to ₹407.47 crore, driven by export growth of 22% and a 6.7% volume increase. Management highlighted diversification across Russia, US, China, and EU markets, with a focus on value-added products and black tiger shrimp. Utilization stands at 65%, with a target of 90% over 24 months and EBITDA margin improvement to ~10%. Guidance includes conservative revenue growth of 15%+ in FY27, aided by US tariff relief and India-EU FTA. Key risk: raw material price volatility and uncertain US tariff finalization could pressure margins.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects conservative revenue growth exceeding 15% in FY27, driven by EU FTA and US tariff relief.
- Management aims to achieve EBITDA margin of around 10% over the next 24 months, subject to raw material prices.
- Management targets increasing capacity utilization from current 65% to 90% over the next 24 months.
- Management expects Q4 FY26 revenue to be on par with or slightly higher than Q4 FY25 due to seasonality.
Risks flagged
- Raw material prices can move up and down during the cycle, impacting realizations and margins.
- While tariff relief is indicated, final terms and implementation remain unclear, affecting US market competitiveness.
- Management noted that 2026-27 may see more competition in Russia from additional Indian facilities and other countries.
- Management acknowledged hurdles in domestic market for frozen shrimp, including price point challenges, which could affect domestic growth plans.
Key quotes
- Our key focus remains on building resilience through diversification and disciplined execution across markets, product mix, and sourcing.
- We are confident of reaching a figure of closer to 90% over the next 24 months.
- If conditions remain optimal, I think we should be able to confidently grow beyond 15% in revenue at a conservative level.
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