Amara Raja Energy & Mobility (ARE&M) reported robust Q1 FY27 revenue growth of 24% to INR 4,215 Cr, driven by a 22% increase in its lead-acid business and over 70% growth (INR 209 Cr) in new energy.

Consolidated margins stood at 9.6%, impacted by elevated material costs and strategic investments in brand and manufacturing.

Price increases were implemented, with more planned.

Key new energy projects, including the Giga cell and BESS 10 GWh factory, are on track for H1 FY28, with INR 1,700 Cr capex planned for FY27. Management is prioritizing ESS cells over standard EV cells and aims for a 15-20% lithium cell market share, adjusting capacity based on demand signals.

The outlook remains confident on growth and strategic execution.