MM Forgings Forecasts Strong FY27: Demand Rebound & Higher Margins Ahead

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MM Forgings Eyes FY27 Recovery: Demand Surge, 18% Margins Expected

India CEOs More Optimistic Than Global Peers | Indian CEOs are more confident about business growth than their global counterparts. About 77% expect growth in their own territory to improve, compared to 55% globally. Around 57% are very confident about their company’s revenues over the next 12 months, while the global average is 30%. However, only 45% of Indian CEOs expect global growth to improve, compared to 61% worldwide. (Image: Canva)

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CNBC TV18•23-02-2026, 16:18

MM Forgings Eyes FY27 Recovery: Demand Surge, 18% Margins Expected

•MM Forgings anticipates demand recovery and margin improvement to 17-18% in FY27, following a subdued period.
•Exports to the US are recovering, with customers resuming offtake; a fuller revival is expected from March 2026.
•Europe shows steady offtake, and a new 16,000-tonne press allows for larger components, supporting Class-8 truck demand.
•Lower power and interest costs are projected to save ₹40-45 crore, contributing to margin improvement.
•Capacity utilization is set to improve, with volumes expected to cross 85,000-90,000 tonnes next year and product mix shifting towards higher-value machined forgings.

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