Gravita India aims to maintain its growth path, targeting a 25% increase in volumes by FY25 and projecting an enhancement in EBITDA (earnings before interest, tax, depreciation, and amortisation) margins to as much as 12%.

In a chat with CNBC-TV18, Navin Prakash Sharma, Executive Director, shared the company's plan to cut net working capital days from 85 to 65 within the next two years. He noted that the firm's total debt stands at ₹400 crore, predominantly attributed to working capital.

Net working capital is the difference between a company's current assets and current liabilities and indicates the short-term liquidity and operational efficiency of a business.

Sharma pointed out that substantial volume contributions from the lithium-ion battery segment are projected to commence around 2027, given the typical 7-8-year lifespan of these batteries.

He also highlighted that Gravita India's revenue is evenly split between exports and domestic sales, a balance they intend to preserve.

For more details, watch the accompanying video

(Edited by : Shweta Mungre)