Gabriel India reported a strong Q2 FY26 with consolidated revenue of ₹1,180 crore (+15% YoY) and EBITDA of ₹116 crore (+18% YoY), with margins improving to 9.8%.
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
R
Sunroof business underperformance due to weak Kia model sales
The sunroof JV's capacity utilization remains low as Kia Seltos and Alcazar models have not performed as expected, leading to a flatter revenue trajectory and potential delay in the ₹1,000 crore target.
high · management_commentary
R
Loss of ICE platform on new Creta variant
Gabriel lost the ICE variant of a new Creta platform to a competitor, retaining only the EV variant which currently has lower volumes, potentially impacting future market share.
medium · analyst_question
R
Margin pressure from MMA acquisition turnaround
The MMA acquisition is currently dragging down consolidated margins, and while management expects positive PBT by year-end, any delay could pressure overall profitability.
medium · management_commentary
R
Increased competition in sunroof business
Multiple new players are entering the sunroof market, which could lead to pricing pressure on new business wins and impact margins.