Gravita India reported a robust 21% YoY jump in consolidated net profit to Rs 379 crore for FY26. The company, which held its 34th AGM notice, highlighted its strategic entry into the copper market through the Rs 559 crore acquisition of Rashtriya Metal Industries and expanded its lithium-ion recycling capacity in Mundra. Management reaffirmed its Vision 2030 goal, aiming for 800,000 MTPA capacity, despite facing global trade volatility and feedstock sourcing challenges.
Gravita India FY26 Performance and Strategic Expansion
Consolidated PAT: Rs 379 crore (up 21% YoY); Consolidated Revenue: Rs 4,265 crore (up 10% YoY).
Reader Takeaway: Strong profit scaling through new segments like copper, though input cost volatility remains a key monitorable.
What just happened
Gravita India released its 34th Annual General Meeting notice for September 28, 2026. The filing confirms significant operational growth, including the acquisition of a 98.95% stake in Rashtriya Metal Industries Limited (RMIL) for Rs 559 crore. The company also expanded its lead recycling capacity by 80,300 MTPA and commissioned a 6,000 MTPA lithium-ion recycling plant in Mundra.
Why this matters
The RMIL acquisition marks a strategic diversification into the copper and copper alloy manufacturing segment. Simultaneously, the focus on lithium-ion recycling positions the firm to capture value from the growing electric vehicle and energy storage ecosystem. These moves are core to the company's 'Vision 2030', which targets a total recycling capacity of 800,000 MTPA.
Risks to watch
Management cited heightened geopolitical tensions and global trade policy shifts as factors affecting freight costs and raw material inputs. Feedstock availability for recycling remains a competitive concern, necessitating careful supply chain management as capacity scales.
Governance Update
The board saw a change in composition with the appointment of Mr. Bhupendra Kumar Dak as an Independent Director. Concurrently, shareholders are set to vote on proposed remuneration revisions for key management personnel, including the CEO and CFO.