MMFL Q1 FY27 Guidance vs Delivery (MMFL Management Mirror)

Revenue Reaffirmed to Hit 16-18% Growth in FY27; Volumes Target Crossing 90,000 Tonnes

Management's current guidance for FY27 revenue targets 16% to 18% growth, aiming for a turnover in the range of 1,800 to 1,900 crores, as guided in the Jun'26 Qtr concall. Previously in the Sep'25 Qtr concall, full-year revenue for FY26 was expected to be close to FY25 levels, with second-half revenue guided between 750 crores and 800 crores. In the Dec'25 Qtr concall, management guided that FY27 stand-alone revenue would grow by at least 300 crores compared to the close of FY26. For H1 FY26, turnover was reported at 758 crores. Long-term revenue guidance was introduced in the Dec'25 Qtr concall targeting 3,000 crores by FY30, and this was reaffirmed in the Jun'26 Qtr concall. Volume guidance for FY27 targets crossing the 90,000-tonne mark, with quarterly sales volumes guided between 23,000 to 25,000 tonnes for Q2 FY27 and beyond, and a long-term quarterly run-rate target of 27,000 to 30,000 tonnes. Previously in the Sep'25 Qtr concall, FY27 production was targeted at 80,000 to 90,000 tons. Up to Q3 FY26, sales tonnage was 58,057 tons.