Garware Hi-Tech Films Limited has informed the Exchange about Transcript for Earning Conference Call on Audited Financial Results.
GRWRHITECH · price
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Garware Hi-Tech Films delivered strong Q4 FY26 with revenue of INR597 crores (up 8.9% YoY) and PAT of INR108 crores (up 39% YoY). Full year FY26 revenue stood at INR2,120 crores with EBITDA of INR500 crores (23.6% margins) and PAT of INR338 crores. The company maintained its debt-free status with cash reserves of INR774 crores. Management guided for minimum INR2,500 crores revenue in FY27 with EBITDA margins of 25% plus/minus 2%, expecting to recover from tariff-related disruptions that impacted FY26. Key growth drivers include sun control films (50% of revenue), PPF (25%), D2C expansion via Garware Home Solutions targeting 50 studios by FY27, and a new TPU line expected in October 2026 for backward integration.
The strong Q4 recovery and clear FY27 guidance indicate the company is well-positioned to bounce back from FY26 headwinds. The D2C push and new product launches (TPU, PDLC films) should drive margin improvement, while the INR191 crore sun control capacity expansion will support long-term growth.