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Earnings Call

Garware Hi-Tech Films Earnings Call: Key Takeaways

Garware Hi-Tech Films delivered record FY26 results with Revenue of ₹2,120 Cr and 16% PAT margins, driven by a 87% value-added product mix.

Highlights
Revenue growth17% CAGR (FY21-26); FY26 revenue at ₹2,120 Cr.
MarginsEBITDA margins stable at 23.6%; PAT margins at 16%.
Demand visibilityExpanding B2B in USA/UAE; strong institutional penetration in India.
Management confidenceStrong execution reflecting resilience and strategic clarity.

Growth

FY26 Revenue grew at 17% CAGR (FY21-26) to ₹2,120 Cr; PAT reached ₹338 Cr with 16% margins.

Outlook

Guided FY27+ Revenue CAGR of 15-20% and EBITDA margins 22-25%; ~₹700 Cr capex for capacity expansion.

Risks

Challenging external environment and external pressures mentioned; high export dependency (75% of revenue).

Source

Earnings Call filed with NSE, NSE: GRWRHITECH. Summary written with AI assistance from the document.

Read the document ↗

Garware Hi-Tech Films Ltd: key numbers

Share price
₹6,640.00
Market cap
₹15,426 Cr
Revenue (annual)
₹2,120 Cr
Net profit (annual)
₹338.2 Cr
P/E (TTM)
39.8×Sector 41.4×
Promoter holding
60.72%+0.00% QoQ
FII holding
4.22%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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13:37 IST BSE
Annual General Meeting

Garware Hi-Tech Films Annual General Meeting

Garware Hi-Tech Films filed proceedings of its 69th AGM held September 23, 2026. Items included financial statement adoption, final dividend declaration, and director re-appointment.

10:23 IST NSE
Partnership

Garware Hi-Tech Films Partnership

Garware Hi-Tech Films signs an MoU with Lubrizol to develop TPU-based film solutions in India. The collaboration targets PPF capacity expansion beyond 600 LSF by December 2026.

PPF manufacturing capacity
600 LSF
16:44 IST BSE
Earnings Call

Garware Hi-Tech Films Earnings Call Transcript: Key Takeaways

Garware Hi-Tech delivered its strongest ever quarter, reporting record revenue and margins. Growth is driven by a structural shift towards high-margin architectural and paint protection films (PPF) rather than exceptional items.

Call
Guides 20% growth
12:47 IST NSE
Financial Results

Garware Hi-Tech Films Q1 FY27 Results: Net Profit ₹132.7 Cr, Up 59.9% YoY

Garware Hi-Tech Films Ltd reported revenue from operations of ₹633.1 Cr (+27.9% YoY) and net profit of ₹132.7 Cr (+59.9% YoY) for Q1 FY27.

Key figure
Net profit ₹132.7 Cr · +59.9% YoY