India · Delayed Price · Currency is INR Exide Industries Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY26 saw record revenue and strong domestic growth, with double-digit gains in key segments despite export and telecom declines. Commodity inflation pressured margins, but price hikes and cost controls helped maintain EBITDA. Lithium-ion investments continue, with new capacity and government support expected to drive future growth.
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Q3 saw 92% of business segments grow by 12%, but overall sales dropped 5% year-on-year due to telecom and export declines. Gross and EBITDA margins improved sequentially, with strong growth in auto, industrial, and inverter segments. Lithium-ion investments and product launches position the company for future growth.
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H1 FY26 saw modest growth, with strong cash flow and robust automotive replacement demand, but Q2 was impacted by GST-driven destocking and input cost pressures. Lithium-ion investments are on track, and margins are expected to recover as volumes rebound.
Fiscal Year 2025
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Double-digit growth in 75% of business segments was offset by declines in telecom, auto OEM, and home inverter, resulting in 4% sales growth and margin pressure from antimony costs. Lithium-ion cell project is on track for FY 2026, with strong balance sheet and new product initiatives.
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Q2 saw modest 4% sales growth, with strong double-digit gains in aftermarket, solar, and exports, while OEM, telecom, and inverter segments declined but are expected to rebound in H2. Gross margin improved, and the lithium-ion cell plant remains on track for mid-2025 commissioning.