NOCIL Ltd (NOCIL) Q3FY26 Management Mirror - Dec-2025 Qtr
Volume Outlook & Demand
Lowered: Management now guides for FY26 volume growth of 3-4% (Dec'25 Qtr), a downward revision from the "aspiration for double-digit volume growth" stated in Jun'25 Qtr and the positive growth expectation reiterated in Sep'25 Qtr. This adjustment follows a 5% volume decline in H1 FY26.
Initiated: For FY27, management explicitly projects double-digit volume growth, driven by domestic buoyancy and export recovery (Dec'25 Qtr).
Modified: Export outlook evolved from "choppy" (Sep'25 Qtr) to expecting flat levels by FY26 end, with a return to double-digit growth in FY27 (Dec'25 Qtr).
Reaffirmed: Domestic demand remains robust, with the company expecting to maintain or slightly increase market share (Sep'25 Qtr).
3 more themes on the ELITE plan.