LICO Materials targets Rs 450-500 crore revenue in 2026-27
In short
LICO Materials wants to make about Rs 450-500 crore in revenue in 2026-27. CEO Gaurav Dolwani said the company made around Rs 350 crore in 2025-26, and growth should come from more battery processing and better use of capacity.
What the reporting says
LICO Materials is targeting revenue of about Rs 450-500 crore in 2026-27, CEO Gaurav Dolwani said, up from around Rs 350 crore in 2025-26. The lithium-ion battery recycling and refurbishing firm said the goal is driven by higher material-processing volumes, better capacity utilisation, and more end-of-life battery supply. The company said its processing capacity has expanded significantly since its last update around March last year.
Why it matters
LICO Materials has set a revenue target of about Rs 450-500 crore for 2026-27, up from about Rs 350 crore in 2025-26, according to CEO Gaurav Dolwani. The company said growth should come from higher material-processing volumes, improved capacity utilisation, and greater availability of end-of-life lithium-ion batteries. The update highlights the recycling and refurbishing side of the battery supply chain as EV adoption expands.