RRKABEL Q2 FY27 Guidance vs Delivery (RRKABEL Management Mirror)

FY27 Volume Growth Guidance Cut to 14%-15% From 16%-18% Guided in Mar'26 Qtr Following Q2 Performance

In the Sep'26 Qtr concall, management reported overall wire and cable volume growth in the high single digits for the quarter and low teens for H1 FY27, with wires growing in double digits and cables in single digits. Against the earlier FY27 overall volume growth guidance of 16% to 18% initiated in the Mar'26 Qtr and reaffirmed at approximately 18% in the Jun'26 Qtr, management downgraded the full-year expectation, fine-tuning the target to approximately 14% to 15%. Looking ahead to periods beyond Sep'26 Qtr, management expects to achieve this revised full-year target supported by a strong volume pickup in H2 FY27, which aligns with historical seasonal strength.