HARSHA Q2 FY27 Guidance vs Delivery (HARSHA Management Mirror)

H1 FY27 Consolidated Top-Line Grows 20-21% YoY Against 12-15% FY27 Growth Guided in Jun'26 Qtr

In Sep'26 Qtr, consolidated revenue reached INR 44,009 Lakh per reported results, with H1 FY27 top-line growing 20% to 21% YoY per management commentary. This performance tracks favorably against the initial FY27 low-to-medium teens (12% to 15%) consolidated sales growth expectation guided in the Jun'26 Qtr concall. Looking ahead, management reaffirmed its FY27 consolidated revenue growth guidance at 10% to 12%, with the India business expected to grow in the mid-to-high teens. Management cautioned that Q3 historically sees softer demand as international buyers slow purchases towards calendar year-end, while targeting overall global volume growth of 12% to 15%.