KEI Industries Unfazed by New Entrants, Targets 20% Growth

• KEI Industries expects to achieve 19-20% revenue growth for the current financial year and aims to sustain this 20% CAGR for the next 3-4 years.
• The first phase of its Sanand manufacturing facility is operational, with incremental benefits expected from the March quarter.
• Chairman Anil Gupta states KEI is not concerned by new competitors due to its scale, brand, dealer network, and government/private sector approvals.
• Exports are projected to be a significant growth driver, with an anticipated 35-40% growth next year, driven by expansion into new geographies and product additions.
• Q3FY26 results showed revenue of ₹2,955 crore, profit after tax of ₹235 crore, and a margin of 10.8%.

Why It Matters: KEI Industries maintains its ambitious 20% growth target, leveraging new capacity and strong market position.