CARYSIL Q4 FY26 Guidance vs Delivery (CARYSIL Management Mirror)

Revenue & Growth Outlook

Management maintained overall corporate revenue growth guidance at 15% to 20% in the Mar'26 Qtr, building consistently on the 15% medium-term target established in the Sep'25 Qtr. The strategic objective to scale the domestic India business to INR 500 crores over the next five years was reaffirmed in the Mar'26 Qtr, requiring an estimated 30% to 40% YoY domestic growth trajectory. Expectations for the surface business (US/UK) moderated sequentially, with management guiding for approximately 10% growth in the Mar'26 Qtr, adjusting downward from the 15% US surface growth expected during the Dec'25 Qtr. Additionally, e-commerce sales are projected to multiply 2x to 3x in the current fiscal year. [Status: Reaffirmed]