ROLEXRINGS Q1 FY27 Guidance vs Delivery (ROLEXRINGS Management Mirror)

FY26 Revenue Reported at INR 1144 Crore Against Flat INR 1150 Crore Guidance; FY27 Mid-Teen Growth Reaffirmed but EBITDA Target Contingent on Ocean Freight Rates

In the Dec'25 Qtr concall, management guided FY26 revenue to be flat at ~1150 crores and initiated FY27 growth at 15% to 18%. In Mar'26 Qtr, FY26 revenue was reported at ~1144 crores, broadly in line with the initial flat guidance. FY27 revenue growth was refined to 15% to 17% and FY28 was initiated at high-teen or beyond. In the Jun'26 Qtr concall, Q1 FY27 revenue was reported at 304 crores (4.3% YoY growth), which fell short of guided growth due to temporary labor shortages rather than demand constraints. Management reaffirmed mid-teen revenue growth for FY27 and guided FY28 growth toward 20%. EBITDA margin guidance for FY27 was set at 21% to 22%, citing potential headwinds from rising ocean freight rates, with a 50 basis point improvement projected for FY28 if utilization targets are met.