SHANTIGOLD Q4 FY26 Guidance vs Delivery (SHANTIGOLD Management Mirror)

Revenue and Volume

Value growth expectations were reaffirmed at 60% to 70% in the Mar'26 Qtr, consistent with Dec'25 Qtr guidance; however, FY27 volume growth expectations were downgraded sequentially to 30% to 40% in the Mar'26 Qtr, compared to the 60% to 70% projected in the Dec'25 Qtr. [Status: Upgraded, as management increased its FY27 revenue turnover target to INR 3,000-3,500 crores in the Mar'26 Qtr, up from the INR 2,800-3,000 crores anticipated in the Sep'25 Qtr]