India · Delayed Price · Currency is INR KEI Industries Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 saw 19.5% sales growth and 42.5% PAT growth, with strong export and B2C momentum. Sanand facility ramp-up and new expansions support 20%+ CAGR guidance, while margins are set to improve. Order book and capacity utilization remain robust.
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Q2 FY26 saw 19% revenue growth and 31% PAT growth, with exports nearly doubling year-over-year. SANAN plant's first phase will be operational by November 2025, supporting over 20% annual growth guidance and future margin expansion.
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Q1 FY26 saw 25%+ sales growth, margin expansion, and robust export gains, with a strong order book and major CapEx underway for the Sanand facility. Management guides for 18%-19% revenue growth and 11% EBITDA margin, with exports and new capacity to drive future performance.
Fiscal Year 2025
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Q4 and FY2025 saw strong double-digit sales and profit growth, with exports and B2C sales surging. Capacity expansions and a robust order book support 17%-18% growth guidance for FY2026, with further margin improvement expected post-Conant project.
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Q2 and H1 FY25 saw double-digit sales and profit growth, led by strong B2C sales, while institutional and export segments were softer. Management maintains 17% growth and 10.5%-11% EBITDA margin guidance, with major Capex underway to support future expansion and a focus on remaining debt-free.
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Q1 FY25 saw 15.7% revenue growth and 24.6% EBITDA growth, with margins improving year-over-year. Export sales dipped due to logistics but are expected to recover, while domestic and B2C sales remained strong. Management maintains 16%-17% annual growth guidance.