Gravita India Management Guidance Tracker

Management reiterated its target of 25% volume CAGR, with capacity expansions expected to drive growth from Q4 FY26 onwards.

Management guided for 30-35% growth in EBITDA and PAT for FY27, driven by capacity additions and operational efficiencies.

Management expects 20-25% volume CAGR consistently for the next three years, with FY27 slightly higher due to catch-up from FY26.

The company expects to commission 125,000 tons of additional lead capacity by Q4 FY26, with full ramp-up by Q2 FY27.

The 45,000 MT lead capacity addition at Jaipur is expected to be commissioned in Q1 FY27, pending government approvals.

Capex of ₹1,225 crore planned through FY28, with ₹850 crore for existing businesses and balance for new verticals.

Total capex plan of ₹1,700 crore, with ₹600 crore in FY27, ₹700 crore in FY28, and ₹400 crore in FY29, funded through internal accruals.

With backward integration from the new recycling plant, copper EBITDA per ton is expected to rise from current ₹45,000 to ₹65,000 over 2-3 years.