Gravita India Ltd (NSE:GRAVITA)
₹ 1,815.1 +30.6 (+1.71%) Market Cap: 132.13 Bil Enterprise Value: 132.78 Bil PE Ratio: 33.72 PB Ratio: 5.38 GF Score: 97/100

Q1 2026 Gravita India Ltd Earnings Call Transcript

Jul 29, 2025 / 06:30AM GMT
Release Date Price: ₹1867.4 (+2.89%)

Key Points

Positve
  • Gravita India Ltd (BOM:533282) reported a 15% year-on-year growth in revenue for Q1 FY '26, reaching INR1,040 crores.
  • The company's EBITDA increased by 22% year-on-year, with a strong margin of 10.74%.
  • Profit after tax rose significantly by 39% year-on-year, with a PA margin of 8.97%.
  • Gravita India Ltd is making steady progress in capacity expansion, aiming to reach 7 lakh metric tons per annum by FY '28.
  • The company is diversifying into new domains such as lithium-ion, paper, rubber, and steel recycling, with a CapEx plan of INR1,500 crore.
Negative
  • Volume growth was lower than expected at 12%, compared to the 25% guidance.
  • The plastic segment experienced a drop in margins, and volumes have not increased as anticipated.
  • The aluminum segment faced challenges due to the lack of a hedging mechanism, affecting EBITDA margins.
  • CapEx spending in the past two years was lower than planned, raising concerns about execution.
  • Currency fluctuations in international operations, particularly in Africa and the Dominican Republic, pose potential risks.
Operator

Ladies and gentlemen, good day and welcome to Gravita India Limited. Q1 FY '26 earnings on call. (Operator instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Manish Mahawar.

Thank you and over to you, sir.

Manish Mahawar
Unidentified

Yeah, thank you. On behalf of Antique Stockbroking, I would like to welcome all the participants on the Q1 '26 earnings call of Gravita India. We are with us leadership team represented by Mr. Yogesh Malhotra whole-time director and CEO.

Mr. Naveen Prakash Sharma, ex-Director at and Mr. S consult hold and direct and see on the call. Without any delay, I would like to hand over the call to Mr. Malhotra for opening remark. For which we will open the floor for Q&A.

Thank you, over to you.

Yogesh Malhotra
Gravita India Ltd - Chief Executive Officer, Whole-time Director

Thank you, Mr. Manish. Good afternoon, everyone, and welcome to our Q1 FY '26 earnings call. I trust you have had the chance to

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