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Ddev Plastiks Industries Ltd reported a strong Q3FY26 performance with net sales of Rs7,328mn, up 11% YoY, and an EBITDA of Rs756mn, reflecting stable domestic demand and improving export volumes. The company plans to enter the Battery Energy Storage Systems market with a new facility, aiming for long-term revenue growth and maintaining a FY26 growth guidance of 10-12% CAGR. A BUY rating is maintained with a revised target price of Rs370, supported by the company
- Author
- Avinash Golla
- Language
- EN