SGMART

What SG Mart promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 22 tracked 0 delivered 1 missed 21 open
  • Puff Panel Margins went quiet said Q4 FY26 Promised: 5% to 8% Q1 FY27: The specific margin for the puff panel business was not discussed in the Q1 FY27 earnings call.
  • Renewable Structures Annual Volume at risk said Q4 FY26 Promised: 130,000 to 150,000 tons Q1 FY27: Achieved 11,000 tons in Q1. This annualizes to 44,000 tons, significantly below the required run-rate for the full-year target of 130,000-150,000 tons, placing the promise at risk.
  • Annualized EBITDA on track said Q4 FY26 Promised: INR 300-350 crores Q1 FY27: Management reiterated the FY27 EBITDA target of 'around INR 300 crores', citing momentum from Q1 performance, assuming no major macro disruptions.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 22 tracked commitments for SG Mart — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens