KEI Industries Ltd. is aiming for a revenue growth of 17% to 18% in FY26, led by capacity expansion and increased exports.
The electrical wire and cable manufacturer plans to begin commercial production at its upcoming facility in Sanand, Gujarat. The revenue growth can reach 20% in the current fiscal once the new plant reaches its full operational capacity, according to Chairperson Anil Gupta.
"This year, we expect to grow by around 17% to 18% because the new production capacities will be gradually commercialised in our Sanand plant," he said in an interview with NDTV Profit on Wednesday. "We expect 17% to 18% of our revenues to come from exports this year versus 13% last year."
The Sanand plant is expected to be commissioned in the second quarter of FY26. "The full project will be completed by March 2026. So, the major revenues from that plant will be coming up in FY27," the managing director said.
Exports will be a key focus area for the company in the near term. "Moving forward, our aim is to reach around 25% to 30% of our revenues coming from exports within the next five years," the top executive underlined.
The CMD allayed fears about geopolitical tensions hurting its export plans.
"Our export revenues are too low to be affected by all these wars and other geopolitical situations. We are just talking of Rs 1,700 to Rs 1,800 crore or maybe Rs 2,000 crore of exports, which is very low as compared to our peers in China or other markets. So, it should not be difficult," he said.
He also noted that amid the tariff-related tensions across the world, India is a "preferred supplier" because of its political relationships and ongoing free-trade agreements.
Gupta remains confident in the face of increasing competition in the wires and cables market. He said the company is expanding its market across geographies. This will ensure that it stays insulated from domestic competition from new entrants.
"Strategy is that we have to have more penetration in untapped markets in India. We are improving our dealer network, our B2C network, so that we are well entrenched and acceptable to the customers. We are ready for the competition," he added.
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