Gabriel India (505714) Q4 25/26 earnings summary

Executive summary

• Indian automotive industry and company segments saw strong recovery and robust demand in FY26, with record sales and double-digit growth across two-wheeler, passenger, and commercial vehicles.

• Achieved strong revenue and profit growth in FY26, driven by strategic initiatives, product diversification, and successful execution of JVs and acquisitions.

• Significant progress in sustainability, R&D, and global expansion, with all plants achieving zero waste to landfill and new patents granted.

• Composite scheme involving amalgamation and demerger received NCLT approval, transforming the company into a diversified mobility solutions provider.

• Final dividend of INR 3.1 per share recommended for FY26, with total dividend at INR 5 per share.

Financial highlights

• Standalone revenue for FY26 was INR 42,329.87 million, up 16.2% YoY; consolidated revenue reached INR 46,669.33 million, up 14.9% YoY.

• Standalone EBITDA rose 17.8% YoY to INR 3,827 million (margin 9.0%); consolidated EBITDA up 15% YoY to INR 4,520 million (margin 9.7%).

• Standalone PBT increased 18% YoY to INR 3,353 million (margin 7.9%); consolidated PAT margin at 5.7%.

• Standalone net profit after tax for FY26 was INR 2,432.09 million; consolidated net profit after tax was INR 2,521.64 million.

• Earnings per share for FY26: INR 16.93 standalone, INR 17.55 consolidated.

Segment performance

• All segments delivered double-digit growth, with 2W/3W sales up 14.2%, PV up 16.7%, and CV up 34.8% YoY.

• Sunroof business sold ~170,000 units in FY25-26; JV with Inalfa revised to 65% Gabriel, 35% Inalfa.

• Aftermarket sales grew 8.3% YoY with 249 new SKUs launched; export revenues diversified across multiple regions.

• Subsidiaries and associates performed in line with market expectations; no alarming issues reported.

• Entry into solar dampers and e-bike components, with patents granted and samples delivered to global customers.