Exide Industries Ltd — Q4FY26 Earnings Call Summary

EXIDEIND · Q4FY26 · Filed 11 May 2026

Key Takeaways

• EBITDA margin steady at 11.7% in Q4, up 50 bps y-y; margin supported by volume growth, product mix, cost controls
• FY27 lead-acid business outlook positive with high single to early double-digit growth; cautious on inflation and commodity costs
• Lithium-ion plant capex Rs 1,400 Cr planned for FY27; target 85% utilization and 90% yield to match imported cell costs
• Q4 FY26 revenue grew 9.4% y-y; domestic business up 12.5%; FY26 revenue up 4.1% y-y
• Lithium-ion cell project: Rs 600 Cr invested in Q4, Rs 1,500 Cr in FY26; cylindrical cell samples expected May 2026; prismatic trials soon
• Government support and Make in India policy critical for lithium-ion industry growth and competitiveness
• Commodity inflation impact Rs 150 Cr in Q4; price hikes of 5-6% taken in stages from Jan-Apr 2026; further hikes likely
• Nearly 92% of business grew double-digits; exports and telecom declined due to geopolitical and tech shifts
• Industrial and automotive lithium-ion applications covered by prismatic and cylindrical lines respectively
• OEM negotiations ongoing for price escalations with typical lag of one quarter

📄 Source: View original transcript (PDF)

Summary generated by AI from the official transcript filed on BSE/NSE. Not investment advice.