Revenue/EBITDA/PAT of the company is expected to report CAGR of 11%/10%/10% respectively over FY22-FY24E. Input prices are likely to remain volatile for coming fiscal, which could keep EBITDA margins under pressure. Hence, the brokerage expects EBITDA margins to come in at 14.9%/15.3% in FY23E/FY24E respectively.
