: Guidance - Concall Update For FY27, the company anticipates overall volume growth of approximately 12% to 13% and piping volume growth between 15% to 17%. || Margins for FY27 are projected to be between 14% to 14.5%. The company proposes over INR1,000 crore in capital expenditure for the year, including carry-forward commitments, aiming to enhance manufacturing capabilities and expand capacity by approximately 110,000 metric tonnes, with 100,000 tonnes specifically for the piping sector. New greenfield projects for plastic piping systems are planned at Patna (Bihar), Jammu (J&K), and Gadegaon (Maharashtra), along with a material handling product facility at Malanpur (Madhya Pradesh), expected to be partly operational by end of March '27 and fully in two years. Management is confident in delivering improved performance in the coming year, citing a strong balance sheet, zero debt, expanding manufacturing base, technology leadership, and diversified business model, supported by sustained growth in the Indian economy driven by domestic consumption and infrastructure development.