| Revenue growth | Fabric top and bottom line below prior year and Q1; yarn improved. |
|---|---|
| Margins | Yarn spreads comparable to Q2; fabric input costs up ~20% YoY. |
| Order book | Confirmed orders and healthy pipeline cited, unquantified. |
| Demand visibility | Fabric orders delayed 1-2 months; pipeline 'improving', unquantified. |
| Management confidence | Balanced, leaning optimistic; fabric recovery hinges on US sentiment. |
Growth
Yarn improved on pricing and one-time cotton trading gains, which may not repeat; fabric top and bottom lines fell.
Outlook
Spinning capex unannounced beyond 50 TPD project; MP land delayed 8-9 months; synthetics expected operating positive H2 FY27.
Risks
Cotton now ~₹64-65k/candy (earlier ~₹54-55k); trading gains may not recur; fabric utilisation weak.
Last quarter's promises, checked
Delivered
- Guided cotton not to fall from ~₹55k → ~₹64-65k/candy (= BEAT)
- Guided 2 big-brand approvals, Aug-26 start → sportswear/outdoor clients onboarded (= BEAT)
Partly delivered
- Guided 55-60 TPD open-end in ~10 mths → 50 TPD, operational in 6-7 mths (= PARTIAL)
- Guided synthetics 70-80% util in 6 mths → still loss-making, util undisclosed, target not yet due (= PARTIAL)
Missed
- Guided US orders up in 2-3 mths → delayed 1-2 mths (= MISS)
- Guided MP land by Dec-26 → delayed 8-9 mths (= MISS)
- Guided fabric margins restored → 20% input rise unpassed, pricing power limited (= MISS)
Earnings Call Transcript filed with NSE, NSE: VTL. Summary written with AI assistance from the document.
Vardhman Textiles Ltd: key numbers
- Share price
- ₹510.00
- Market cap
- ₹14,768 Cr
- Revenue (annual)
- ₹9,869 Cr
- Net profit (annual)
- ₹745.2 Cr
- P/E (TTM)
- 17.4×Sector 47.2×
- Promoter holding
- 65.06%-0.02% QoQ
- FII holding
- 6.43%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Vardhman Textiles Ltd
All →Vardhman Textiles Management Change
Vardhman Textiles appointed Ravi Chauhan as Executive Vice-President effective 6 November 2026. He has over 22 years of association with the Vardhman Group.
Vardhman Textiles Q2 FY27 Results: Net Profit ₹358.8 Cr, Up 91.1% YoY
Vardhman Textiles Ltd reported revenue from operations of ₹2,866 Cr (+15.5% YoY) and net profit of ₹358.8 Cr (+91.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹358.8 Cr · +91.1% YoY
Vardhman Textiles Board Meeting Date
Vardhman Textiles scheduled its Board meeting for 6 November 2026. The agenda includes approval of un-audited financial results for the half-year ended 30 September 2026.
Vardhman Textiles Other Announcement
Vardhman Textiles Limited has submitted its Regulation 74(5) compliance report, confirming the dematerialization of 7,800 equity shares during the month of September 2026.
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- Value
- ₹41.85 Cr
- renewable power capacity
- 80.0 MW
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