Gravita India closed FY26 strong, reporting 5% volume, 10% revenue, 12% EBITDA, and 21% PAT growth YoY, maintaining ~24% ROIC.

Revenue reached 4,265 Cr and PAT 312 Cr.

Performance was boosted by value-added products and better domestic scrap sourcing.

Q4 saw 13% revenue growth but a 3% dip in PAT.

Key growth strategy under VISION 2030 includes scaling core segments to 8+ LTPA capacity by FY29, targeting 20-25% volume CAGR, and 30-35% profitability growth.

The company aims for 45-50% value-added products and 35-40% non-lead business contribution.

Recent moves include Rs. 372 Cr capex, commissioning a 6,000 MTPA lithium-ion battery recycling plant at Mundra, and expanding Mundra's lead recycling capacity to 1,45,100 MTPA.

Gravita also entered copper recycling by acquiring 99.44% of RMIL for Rs. 561.84 Cr (RMIL FY26 revenue 1040 Cr, EBITDA 82 Cr), diversifying its portfolio.

Management expects consistent long-term growth driven by volume expansion, margin improvement, and ESG initiatives.