TEGA Q3 FY26 Guidance vs Delivery (TEGA Management Mirror)

Financial Outlook & Revenue

Lowered (Consumables) / Raised (Equipment): For FY26, management revised Consumables growth expectations down to ~8% (Dec'25 Qtr), citing historical averages, while raising Equipment growth guidance to 28%-30% (previously >25%). In Jun'25 Qtr and Sep'25 Qtr, Consumables growth was targeted at 15%.

Reaffirmed: Management maintained confidence in overall double-digit group revenue growth for FY26 despite the consumables revision. The long-term 15% CAGR target remains intact across all quarters.

Modified: Q4 FY26 expectations are now set for "high single-digit" growth in Consumables to compensate for Q3 variability. In Jun'25 Qtr, revenue pickup was generally weighted toward H2.