ALFA Finder India's fastest NSE & BSE filing alerts on Telegram, filtered to the stocks you hold Telegram alerts alfafinder.com →
Thursday, 12 November 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

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.

Why this was an Alfa AlertEBITDA Margin beat own guidance: guided 23.0–27.0, achieved 30.3 (+12.2% above upper end, mgmt confirmed).
Guidance and delivery
EBITDA Margin: guided vs achieved 30.30% achieved Guided 23.00%–27.00%, 12.2% above the top of the range; confirmed by management
Management target Revenue 20.0% FY27
Highlights
Revenue growth28% YoY revenue growth, purely organic, driven by premium product mix.
MarginsStructural expansion to 30.3% EBITDA margin, exceeding long-term guidance.
Demand visibilityStrong global and domestic demand for high-end automotive and architectural films.
Management confidenceHighly confident, emphasizing structural business transformation over cyclical gains.

Growth

Revenue grew 28% YoY to 633 Cr; EBITDA surged 56% with record margins of 30.3%.

Outlook

Reaffirmed FY27 revenue target of 2,500 Cr+; target 15-20% revenue CAGR over medium term.

Risks

Supply chain disruptions in the Middle East due to regional conflicts; aggressive competition in standard films.

Last quarter's promises, checked

Delivered

  • Guided 25% +/- 3% EBITDA margin → delivered 30.3% (= BEAT)
  • Guided debt-free status → delivered 850 Cr cash/debt-free (= BEAT)
  • Guided Sun Control expansion capex → delivered 192 Cr investment (= BEAT)

Partly delivered

  • Guided 2,500 Cr FY27 revenue → on track with 28% YoY growth (= PARTIAL)
Source

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

Read the document ↗

Garware Hi-Tech Films Ltd: key numbers

Share price
₹7,810.00
Market cap
₹18,144 Cr
Revenue (annual)
₹2,120 Cr
Net profit (annual)
₹338.2 Cr
P/E (TTM)
42.6×Sector 46.8×
Promoter holding
60.72%+0.00% QoQ
FII holding
4.60%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

All →