M&M Q4 FY26 Guidance vs Delivery (M&M Management Mirror)

Consolidated Long-Term Growth & Returns

Management consistently reaffirmed its 18% Return on Equity benchmark across the Dec'25 and Mar'26 quarters, sustaining long-term targets of 15% to 20% annualized EPS growth over the next five years alongside an ambitious goal to scale Auto revenue 8x and Farm revenue 3x by Mar'31 against a FY20 base. [Status: Reaffirmed]