Finolex Cables Management Guidance Tracker

6 forward-looking guidance items tracked across 2 quarters.

Growth

Q3 FY26FY26 volume flattish to slight growthActive

Full-year volume expected to be flat to slightly up versus FY25, with Q4 typically stronger.

Q4 FY26FY27 volume growth target: high single to low double digitTracked

Targeting volume growth of high single-digit to low double-digit for the full year FY27, driven by agri recovery and non-agri expansion.

Margins

Q3 FY26Maintain EBITDA margin around 12%Active

Management aims to sustain full-year EBITDA margin near 12%, supported by cost efficiencies and product mix.

Q4 FY26FY27 EBITDA margin target: sub-15% (lower double-digit)Tracked

Management guided for EBITDA margins in the lower double-digit range (sub-15%) for FY27, citing geopolitical uncertainty and margin normalization from Q4 peaks.

Capex

Q3 FY26Annual capex of ₹100-200 croreTracked

Capacity expansion is ongoing; annual capex expected in the range of ₹100-200 crore.

Q4 FY26Annual capex of ~₹100-200 crore for maintenance and debottleneckingTracked

Planned capex of around ₹100-200 crore annually for maintenance, replacement of extruders with higher capacity, and debottlenecking.