Gravita India Ltd (GRAVITA) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management expects a sustainable EBITDA of 65-70/kg for copper, with a long-term target of 90/kg post-completion of backward integration projects.
- Despite a recent dip, the company is confident of an 18-20% volume CAGR in the lead segment over the next three years, citing sourcing recovery.
- A US-based subsidiary is being established for direct scrap sourcing, aiming to bypass aggregators and improve margins by 2-3%.
Performance Overview
- Delivered a resilient performance in Q2 FY27, navigating an evolving global environment and significant supply chain challenges.
- Reported strong growth in H1 FY27, with revenue, EBITDA, and PAT increasing by 40%, 29%, and 10% respectively, driven by an improved product mix and operational efficiencies.
- Strategic expansion into copper recycling is progressing well, with significant capacity additions planned at Mundra and Mandvi to strengthen value chain integration.
- Actively diversifying scrap sourcing geographies, including establishing a procurement subsidiary in the USA, to mitigate risks from geopolitical disruptions and improve raw material availability.
- The plastic segment continued its strong growth momentum, while the value-added products portfolio contributed 64% of total sales in H1 FY27.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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