Shree Pushkar cuts FY27 revenue target by 17%, flags plant delays
Management lowered its revenue guidance to ₹1,250-1,300 crore, down from ₹1,500 crore, and delayed the commissioning of two new units amid raw material cost inflation.
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 this 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.
Questions answered
- Why did Shree Pushkar lower its FY27 revenue guidance?
- The company cited acute raw material cost inflation as the primary reason for cutting its revenue target from ₹1,500 crore to ₹1,250-1,300 crore.
- What is the status of the new production units?
- The commissioning of both Unit 5 and Unit 6 has been delayed. The filing does not provide a new timeline for when they will be operational.
- When was this information first shared?
- The details on the guidance cut and plant delays were discussed during the live Q4 earnings call on May 19, 2026. This transcript is the official documentation of that discussion.