Management remains optimistic, guiding for FY26 revenue of ₹10,000 crore, implying 33% growth. In 9MFY26, revenue and Ebitda (earnings before interest, taxes, depreciation and amortization) rose 26% each to ₹6,785 crore and ₹1,797 crore, respectively. Backward integration into emulsifiers and detonator shells has lifted Ebitda margins to about 25%, versus roughly 20% for peers.
