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Raw material price volatility
View Risks →Sharat Industries Ltd — Q3 FY26
Sharat Industries reported Q3 FY26 revenue of ₹142.5 crore with EBITDA margin of 6.67% and PAT of ₹4.74 crore.
bullish
medium
✓ Verified against BSE filing
2-Minute Summary
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Sharat Industries reported Q3 FY26 revenue of ₹142.5 crore with EBITDA margin of 6.67% and PAT of ₹4.74 crore. For 9M FY26, revenue grew 42% YoY to ₹407.47 crore, driven by export growth of 22% and a 6.7% volume increase. Management highlighted diversification across Russia, US, China, and EU markets, with a focus on value-added products and black tiger shrimp. Utilization stands at 65%, with a target of 90% over 24 months and EBITDA margin improvement to ~10%. Guidance includes conservative revenue growth of 15%+ in FY27, aided by US tariff relief and India-EU FTA. Key risk: raw material price volatility and uncertain US tariff finalization could pressure margins.
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Export Revenue Growth (9M)
22%
+22% YoY
Export revenues grew 22% in 9M FY26 vs 9M FY25.
Export Volume Growth (9M)
6.7%
+6.7% YoY
Export volumes increased 6.7% in 9M FY26.
Capacity Utilization
65%
N/A
Current utilization across all divisions averages 65%, with target of 90% in 24 months.
Customer Retention Rate (Russia)
90%+
N/A
Retention rate in Russia is over 90%; China at 60%+.
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Guidance and risk preview
Management expects conservative revenue growth exceeding 15% in FY27, driven by EU FTA and US tariff relief.
Raw material prices can move up and down during the cycle, impacting realizations and margins.
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