KEI Q4 FY26 Guidance vs Delivery (KEI Management Mirror)

Revenue & Volume Outlook

Management expects >20% revenue growth and 17%-18% volume growth for FY27, maintaining the 20%+ long-term CAGR guidance established in the Sep'25 Qtr and reaffirmed in the Dec'25 Qtr. In the Mar'26 Qtr, management noted that even if raw material prices decline, volume additions from the new Sanand and Chinchpada plants will sustain the 20% top-line growth target. Extra High Voltage (EHV) cables are also projected to grow ~20% in FY27. [Status: Reaffirmed]