What’s new

• FY27 revenue guidance cut to ₹1,250-1,300 crore from ₹1,500 crore.
• Commissioning of new Unit 5 and Unit 6 has been delayed.
• Acute raw material cost inflation cited as a key headwind.

Why it matters

The guidance cut is the central news. A 17% reduction in the top-line target for the fiscal year just five months in signals a significant deterioration in the business outlook, driven by cost pressures the company has not been able to pass on. The plant delays compound the issue by pushing any potential volume recovery further out.

What we’re watching

• Whether raw material costs moderate in H2 FY27 as management expects.
• The new timeline for Unit 5 and Unit 6 commissioning.
• If the revised guidance proves achievable or if another cut is on the table.

The full read

Shree Pushkar has cut its FY27 revenue target to ₹1,250-1,300 crore from ₹1,500 crore, a 17% reduction five months into the fiscal year. Management blamed acute raw material cost inflation for the shortfall. Separately, the commissioning of its two new units, Unit 5 and Unit 6, has been delayed, pushing any recovery in production volumes further into the future. This transcript, from the May 19 call, confirms details that were already disclosed to the market during the live event. It adds no new facts but makes the downward revision to guidance official and documented.

Primary source: BSE · NSE