Q3-FY26 · Rajendra Gandhi
Gross margins for the current quarter stood at 39.4% as compared to 37.6%, improving by 188 basis points, reflecting the strength and resilience of the company's business model.
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Gross margins for the current quarter stood at 39.4% as compared to 37.6%, improving by 188 basis points, reflecting the strength and resilience of the company's business model.
We would improve our margins by at least 1% year on year. I don't see us slipping from that. There's a constant endeavor to correct our margins.
The export environment remains challenging. Our existing categories continue to grow, but the new business is yet to start. We are also working on some other countries, but the existing business with our US customers continues; the new development of new product categories with our American customers are on pause.
We are very confident of a upwards of 15% growth this year.
We are targeting to improve gross margin by 1% every year and we believe that within the 2-3 years we should hit a 42%.
The capex is designed for 3,000. So the growth is from 800 to 3,000.