Full-year revenue growth target: 25-30%
Management expects FY26 revenue growth between 25-30%, citing continued momentum in power tiller and power vita segments with no visible headwinds in Q4.
VSTTILLERS / guidance tracker
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V.S.T Tillers Tractors · forward-looking guidance across the available source record.
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Guidance tracker
What management said would happen.
growth
Europe base operationalization in Q1 FY27
Establishing physical operations in Netherlands by Q1 FY27 to reduce logistics costs, improve cash flow rotation for European distributors, and accelerate market penetration.
US market entry planned for 2027
Product development ongoing despite tariff uncertainties. Management believes tariff situation is now considerably reduced, enabling feasible market entry by 2027.
FY27 capex outflow of ₹60 crores
Cash outflow expected at ₹60 crores for FY27 (excludes potential commitments on long-term projects like marine engines and engine aggregation). R&D spend embedded within this figure.
EBITDA Margin Target: 12-14% Range
Management indicated confidence in operating between 12-14% EBITDA margins for FY27, moving more towards 13% and above driven by operational efficiencies.
Retail Finance Penetration: 10% to 20%
Company aims to double retail finance contribution from 10% (FY26) to 20% in FY27, reducing dependency on government subsidies.
ZTO Tractor Volume Target: 1,000 Units
Targeting 1,000 units of ZTO high-hp tractors in FY27, with plans to reach 5,000-6,000 units by FY30 as product variants expand.
Electric Weeder India-wide Launch: Early Q2 FY27
Following real-world customer trials and exhibition feedback, company plans pan-India launch of electric weeders in early Q2 of FY27.