RAJRATAN Q2 FY27 Guidance vs Delivery (RAJRATAN Management Mirror)

H1 FY27 Consolidated Volume Growth at 17%, Meeting Mar'26 Qtr Guidance; FY27 Target Upgraded to 160,000 Tonnes

In the Sep'26 Qtr concall, management reported H1 FY27 consolidated volume growth of 17%, delivering 71,000 tonnes. This performance met the 17% to 18% consolidated volume growth guidance for FY27 issued in the Mar'26 Qtr, which had reaffirmed the multi-year 15% to 20% YoY growth band initially guided in the Sep'25 Qtr. Looking ahead, management has upgraded its full-year FY27 consolidated sales target to approximately 160,000 tonnes, up from the 155,000 tons expected previously. For the medium term, the company projects 15% to 20% YoY volume growth over the next 10 to 15 quarters, driven by expansions across Thailand, Chennai, and Indore.