Guidance ledger · Q4 FY26

Hyundai Motor India HYUNDAI

3 revisions on record · 1 lowered · 2 raised — the strikethrough is what management used to say

directional guidance only · shifted across quarters

Holding view → · latest concall · The pulse

↑ raised Export volume growth guidance FY26 Q4 FY25 → Q4 FY26

~~7-8% growth~~ → 16.4% actual, significantly outperforming initial guidance

“This enabled us to register a growth o f 16.4%, significantly outperforming our initial guidance of 7% to 8%.”

↓ lowered EBITDA margin guidance for FY27 Q4 FY25 → Q4 FY26

~~healthy double-digit EBITDA margins aspiration~~ → 11% to 14% band with commodity and Pune cost headwinds near-term

“EBITDA margin stood at 10.4% as compared to 14.1% in Q4 financial year '25.”

↑ raised FY27 capex Q4 FY25 → Q4 FY26

~~INR 7,000 crores FY26~~ → INR 7,500 crores FY27 (highest ever)

“approximately INR 7,500 crores in fiscal '27, marking the highest ever capex in recent years.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.