Amber Enterprises Flags 50-100 bps FY27 Margin Hit From Wage, PCB Cost Spikes
Amber guides consolidated margin compression of 50-100 bps in FY27 as Haryana wages jump 35%, UP wages 22%, and copper-clad laminate and gold prices surge 60%. RAC volumes still expected to grow 12-13%, with Q1 tracking ~20%. Stock cratered 17.6% to Rs 6,980. Capex of Rs 1,800-2,000 cr earmarked for PCB expansion in FY27.
Amber Enterprises guides 50-100 bps consolidated margin pressure in FY27 from north India wage hikes, copper-clad laminate and gold cost spikes, despite RAC industry recovery. Stock fell 17.6%. Capex Rs 1,800-2,000 cr planned for PCB expansion.
Why this matters
Amber's margin warning marks a shift from volume-led optimism to cost-side caution, with PCB capex doubling down on backward integration even as input costs squeeze near-term profitability.
Retail-company signals steady at 499 over 90d, indicating consistent corporate disclosure flow.