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Earnings Call

Garware Hi-Tech Films Earnings Call: Key Takeaways

Garware delivered record profitability in Q4 despite FY26 tariff headwinds, shifting focus toward direct-to-consumer and architectural segments to reduce B2B dependency.

Why this was an Alfa AlertNot a filter event. Results met expectations but did not materially beat management's specific upper-end guidance.
Highlights
Revenue growthFY26 revenue steady at ₹2,120cr; Q4 revenue up 8.9% YoY.
MarginsEBITDA margins expanded to 26.2% in Q4 via premium product mix.
Demand visibilityStrong seasonality in Q1-Q2; architectural and global markets show robust demand.
Management confidenceBalanced; resilient execution despite US tariff challenges and geopolitical volatility.

Growth

FY26 revenue hit ₹2,120cr; Q4 EBITDA margins expanded to 26.2% driven by value-added product mix.

Outlook

Guided ₹2,500cr+ revenue for FY27; new Sun Control line operational by June 2027.

Risks

Geopolitical volatility and US tariff uncertainty remain; high customer concentration in PPF segment is a concern.

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.

More from Garware Hi-Tech Films Ltd

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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