India · Delayed Price · Currency is INR Gabriel India Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY 2026 saw 16% year-on-year revenue growth and margin improvement, driven by strong sales and new business wins across segments. Sunroof and e-bike segments secured key orders, while localization and restructuring efforts increased costs. Industry outlook remains robust with double-digit growth expected.
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Q2 FY26 saw 15% YoY revenue growth and margin improvement, driven by strong segment performance and new JVs. Margin pressure from MMAS is being addressed, while sunroof and export businesses face near-term challenges but have growth plans in place.
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Q1 FY26 saw 16% YoY consolidated revenue growth and 19% EBITDA growth, with strong performance across segments and a 14.4% EBITDA margin in the sunroof business. Strategic acquisitions and a new JV are set to diversify offerings, while group consolidation is expected to boost sales by 20-25% in FY27.
Fiscal Year 2025
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A major restructuring will consolidate four group entities under Gabriel, creating a diversified, technology-driven mobility platform. The move targets significant revenue growth, EPS accretion, and a more balanced product mix, with immediate synergies expected in sales and operations.
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Q4 FY25 saw 8.4% YoY revenue growth and 13% EBITDA growth, with strong performance in two-wheeler and sunroof segments. Solar damper and Marelli asset acquisitions are set to drive future growth, while CapEx for FY26 is guided at INR 100-150 crores.
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Q3 saw 14% revenue growth and 8.6% EBITDA margin, driven by strong two-wheeler and sunroof segments. The MMAS asset acquisition expands capacity and product range, with synergies expected. Sunroof business is on track to double capacity and reach INR 400 crores this year.
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Q2 FY25 saw 6.9% revenue growth and 12.2% PAT increase, led by strong two-wheeler and sunroof business performance. Sunroof margins peaked at 18% but are expected to normalize, with capacity expansion underway and exports rising.
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Q1 FY25 saw 7.3% revenue growth and 13% EBITDA growth year-over-year, with strong margins and a net cash position of INR 330 crores. The sunroof business delivered 14% EBITDA margin, and the company remains focused on cost control, new product launches, and maintaining leadership in key segments.