Samvardhana Motherson’s $2 Billion Acquisition Boost: Can Margins Improve From Here? | Q2 Results
ET Now · 06 Nov 2026 · 6 min
Management interview of Samvardhana Motherson International Ltd (MOTHERSON), with 5 key numbers discussed.
- Gandharv Tongia, Group CFO, Samvardhana Motherson International Ltd
- Pankaj Mital, Whole-time Director & President, Samvardhana Motherson International Ltd
Samvardhana Motherson acquired two businesses in July that are set to contribute about $2 billion in annualised revenue, with profitability starting in the low single digits but expected to improve over time. In consumer electronics, the company has committed around Rs 7,500 cr across three facilities and aims to reach $1 billion in annualised revenue with good EBITDA margins. The company remains comfortable taking leverage up to 2.0-2.5x for value-accretive M&A. It is also seeing strong demand across aerospace segments and is continuing organic greenfield expansions aligned with customer models.