| EBITDA Margin: guided vs achieved | 28.70% achieved Guided 23.00%–27.00%, 6.3% above the top of the range; confirmed by management |
|---|---|
| EBITDA Margin guidance | 25.0% → 27.0% Raised by 2.0 percentage points |
| Management target | Revenue 20.0% FY27 |
| Revenue growth | 22% YoY in Q2FY27; 25% YoY in H1FY27. |
|---|---|
| Margins | H1FY27 EBITDA margin at 28.7%, exceeding prior guidance of 23-27%. |
| Demand visibility | Strong, driven by automotive, architectural, and specialty film verticals. |
| Management confidence | High, citing exceptional performance despite headwinds and record quarterly revenue. |
Growth
Q2FY27 Revenue grew 22% YoY to ₹696 Cr; EBITDA rose 42% to ₹189 Cr; PAT increased 42% to ₹129 Cr.
Outlook
Raised FY27 EBITDA margin guidance to 27% ± 2%. Reaffirmed FY27 revenue target of ₹2,500 Cr+ with ongoing TPU line capex.
Risks
Management noted performance was delivered despite significant headwinds, though specific macroeconomic risks weren't detailed.
Last quarter's promises, checked
Delivered
- Revenue guidance ₹2,500 Cr+ for FY27 → On track (₹1,329 Cr in H1FY27) (= BEAT)
- EBITDA margin guide 23-27% → H1FY27 delivered 28.7% (= BEAT)
- TPU project commissioning Q3FY27 → On track (= BEAT)
Partly delivered
- Garware Home Solutions: 50 studios by FY27 → 14 studios launched to date (= PARTIAL)
Investor Presentation filed with NSE, NSE: GRWRHITECH. Summary written with AI assistance from the document.
Garware Hi-Tech Films Ltd: key numbers
- Share price
- ₹7,140.00
- Market cap
- ₹16,588 Cr
- Revenue (annual)
- ₹2,120 Cr
- Net profit (annual)
- ₹338.2 Cr
- P/E (TTM)
- 38.9×Sector 43.1×
- 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 →Garware Hi-Tech Films Earnings Call Transcript: Key Takeaways
Garware delivered record quarterly revenue and EBITDA, driven by high-value architectural and paint protection films despite geopolitical headwinds. Management raised EBITDA margin guidance, signaling strong confidence in their premiumization strategy.
Garware Hi-Tech Films Results Update
GHFL posted record Q2 FY27 revenue of ₹696 crore at 27.2% EBITDA margin, raising full-year guidance. H1 PAT grew 50% to ₹262 crore.
Garware Hi-Tech Films Q2 FY27 Results: Net Profit ₹129.4 Cr, Up 41.9% YoY
Garware Hi-Tech Films Ltd reported revenue from operations of ₹695.5 Cr (+22.1% YoY) and net profit of ₹129.4 Cr (+41.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹129.4 Cr · +41.9% YoY
Garware Hi-Tech Films Legal & Regulatory
MPCB forfeited a ₹25 Lakh bank guarantee from Garware Hi-Tech Films for alleged consent-condition non-compliance. The company states no material impact on business operations.
- Value
- ₹0.25 Cr
Garware Hi-Tech Films Other Announcement
The company filed its quarterly shareholding pattern under Regulation 31(1)(b) for the period ended September 30, 2026.
Garware Hi-Tech Films Board Meeting Date
Garware Hi-Tech Films has scheduled a board meeting for October 22, 2026, to consider and approve the unaudited standalone and consolidated financial results.