Gujarat State Fertilizers & Chemicals · forward-looking guidance across the available source record.
Guidance tracker
Management guided that FY27 fertilizer sales (including trading) will exceed 22 lakh metric tons, supported by revival of monsoon during July which improved demand outlook ahead of Rabi season. Budget was set at over 22 lakh MT.
Conversion of existing DAP train at Sikka for flexible production of APS or DAP is on schedule. Commissioning expected within 1-2 months to provide flexibility depending on sulfur pricing and market conditions.
Tender for phosphoric and sulfuric acid project at Sikka has been received; tender opening and finalization expected shortly. This will integrate operations and support long-term value creation. Full project details to be disclosed after technology tie-up and financial model finalization (expected in 3 months).
Current subsidy declaration expires in September; new rates effective October 1. Management expects government to increase NPK subsidies given the sharp raw material price escalation, which would address the margin compression issue for NPK grades manufacturers.
The new 2 lakh MT sulfuric acid plant commissioned in Jan 2026 will provide cost savings of about ₹100 crore per annum through captive consumption and steam generation.
Management expects caprolactam-benzene spreads to improve in Q4 FY26, providing a supportive margin environment for the industrial segment.
BCG has identified operational efficiency schemes worth approximately ₹40 crore, with low-hanging fruits being implemented and mid-term schemes to be executed in 6-12 months.
One DAP production line is being converted to produce ammonium phosphate sulfate (APS), expected to be completed by end of September 2026.