Gravita India Limited — Investor Meet, 27-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Gravita India delivered consistent Q3 & 9M FY26 performance. 9M revenue grew 9% YoY, EBITDA 15%, and PAT 32%. For Q3, revenue was Rs. 1,017 Cr (flat), EBITDA Rs. 116 Cr (11.41% margin), and PAT Rs. 97.67 Cr (9.60% margin). Lead volumes were steady, plastic rebounded 55% QoQ to 3,160 MT, but aluminum declined due to higher metal prices causing scrap holding. Lead margins are being maintained through hedging and arbitrage. Capacity expansion for 125K MT lead in Mundra/Jaipur is delayed to Q4 FY26 due to licensing but strong ramp-up is expected by Q2 FY27. A total CAPEX of approximately Rs. 1,200 Cr is planned through FY28 for core business and new recycling verticals like Li-ion, paper, and steel. Management maintains confidence in achieving Vision 2029 targets of >25% volume CAGR and >35% profitability growth.