Gabriel India Management Guidance Tracker

12 forward-looking guidance items tracked across 3 quarters.

Revenue

Q2 FY26Lubricants JV revenue target of ₹500 crore in 5-6 yearsTracked

The SK Move JV aims to achieve ₹500 crore revenue within 5-6 years, starting commercialization in FY27 with significant numbers by FY28.

Q3 FY26Hyundai sunroof SOP by Dec 2027Tracked

Three variants of TVS-type sunroof for Hyundai will start production by December 2027, with annual revenue potential of ₹120 crore.

Q4 FY26Group revenue target of ₹50,000 crore by 2030Tracked

Gabriel remains the automotive growth engine for the group, targeting ₹50,000 crore revenue by 2030, with progress on track.

Margins

Q2 FY26Double-digit EBITDA margin target maintainedTracked

Management reiterated the aspiration to achieve double-digit EBITDA margins over the next couple of years, despite near-term pressure from MMA acquisition.

Q2 FY26MMA acquisition to turn PBT positive by end of FY26Active

The MMA business is expected to achieve positive PBT by the end of the current fiscal year, with margins eventually aligning with Gabriel's average.

Q3 FY26Sunroof localization target 60% by FY27 endTracked

Management targets increasing sunroof localization from current 33% to 60% by end of FY27 to improve margins.

Q4 FY26Sunroof EBITDA margin of 12-14%Active

Sunroof business EBITDA margin at capital level is expected to remain in the 12-14% range.

Capex

Q2 FY26Capex guidance of ₹150-180 crore for FY26Active

Capital expenditure for FY26 is anticipated to be around ₹150 crore, potentially reaching ₹180 crore if asset upgrades are required.

Q4 FY26Standalone capex of ₹160-190 crore for FY27Tracked

Management guided standalone capex between ₹160-190 crore for FY27, in line with FY26 spend of ~₹190 crore.

Growth

Q3 FY26Hero MotoCorp SOP in Q1/Q2 FY27Active

First order from Hero MotoCorp will start production by end of Q1 or start of Q2 FY27, with additional models under discussion.

Expansion

Q3 FY26Second sunroof line utilization to reach 60-70%Tracked

With new wins, the second sunroof line (currently idle) is expected to achieve 60-70% utilization moving forward.

Q4 FY26Janatics commercial production by Q3 FY27Active

Janatics factory construction expected to complete by September 2026, with commercial production starting in Q3 or Q4 of FY27.