Inflame targets 50% revenue growth, bets on making its own motors.
FY27 chimney production is set to hit 400,000 units. The company is using a 34%-held associate to build key components.
— 1 earlier story on Inflame Appliances Ltd. →What's new
- Management set a target of 50% revenue growth for FY27.
- Chimney production is planned to hit 400,000 units, up from 270,000 in FY26.
- Inflame is backward integrating into BLDC motors and electronics via a 34%-held associate, Tricoree Machmatrix.
Why this matters
A 50% revenue target is ambitious. The move to make its own BLDC motors, a critical cost component, is the key lever to protect margins during the expansion. Management is passing input-cost increases to customers.
What we're watching
- Whether the company can ramp production to the 400,000-unit target.
- Margin trends as new product lines and backward integration come online.
- Progress toward the INR500 crore revenue goal by FY28-29.
The full read
Inflame Appliances is chasing a 50% revenue jump in FY27. The engine is a 48% ramp-up in chimney production to 400,000 units. That's a big bet on execution. The company is also pushing into built-in refrigerators and dishwashers, new categories where cost control will matter. To that end, it is backward integrating into BLDC motors and electronics through its 34% stake in Tricoree Machmatrix. Management said it is passing input-cost increases to customers and expects margins to improve as scale grows. The stated ambition is INR500 crore in revenue by FY28-29. The production ramp is the first test. Hitting 400,000 chimneys in a single year will determine if the broader growth story holds.
Questions answered
- What is the primary driver for the 50% revenue growth target?
- The core driver is a planned 48% increase in chimney production, from 270,000 units in FY26 to 400,000 units in FY27. The growth is also supported by expanding into new categories like built-in refrigerators and dishwashers.
- How is Inflame planning to protect its margins during this expansion?
- The company is passing input-cost pressures directly to customers. It also expects margins to improve as it scales production and begins backward integrating into BLDC motors and electronics through its associate company, Tricoree Machmatrix.
- What is the long-term revenue target management outlined?
- Management stated a goal to reach INR500 crore in revenue by FY28-29. The FY27 growth target is the next step toward that ambition.
- What is the significance of the Tricoree Machmatrix stake?
- The 34% stake in the associate company is the vehicle for backward integration into BLDC motors and electronics. This move aims to give Inflame greater control over a key component cost as it ramps up appliance production.
Story so far
All notes on INFLAME →- 5 Jun 2026 · 3:31 PM IST Inflame targets 50% revenue growth, bets on making its own motors.
- 4d ago Inflame chases ₹10,000 cr in orders. Its market cap is ₹176 cr.