SYMPHONY Q2 FY27 Guidance vs Delivery (SYMPHONY Management Mirror)

Sep'26 Qtr Rest of World Revenue Reaches Rs 114 Crore, Meeting Healthy Spillover Guided in Jun'26 Qtr

In Sep'26 Qtr, Symphony reported Rest of the World revenue of Rs 114 crore (up 70.1% YoY) and an EBIT of Rs 3 crore, marking a transition from loss to profit YoY. This outcome meets the expectations set in the Jun'26 Qtr concall, where management guided for continued healthy revenue during the summer spillover into the next quarter for Bonaire USA, alongside continued momentum for GSK China. Looking ahead, management initiated new guidance in the Sep'26 Qtr concall aiming for a healthy CAGR in the international business, though noting it is difficult to provide specific growth figures due to prevailing uncertainties. Additionally, as previously guided in Jun'26 Qtr, Bonaire USA is expected to experience two seasonally muted quarters before pursuing further growth in summer '27 under favorable weather assumptions, while IMPCO Mexico is anticipated to rebound significantly in summer '27 following consecutive mild summers.