Intimation about Transcript for Earnings 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 (8.9% YoY growth) and PAT of INR108 crores (39% YoY growth). Full year FY26 revenue stood at INR2,120 crores with PAT at INR338 crores. Management provided FY27 revenue guidance of INR2,500 crores with EBITDA margins of 25% +/- 2%. The company announced INR191 crores capex for a new sun control film line (operational by June 2027) and expects TPU line commissioning by October 2026. D2C currently contributes 10-15% of revenue but carries 25-30% higher margins than B2B. The company onboarded 4 new OEM partnerships in PPF and expanded to 6 Garware Home Solutions studios with target of 50 by FY27.
Strong Q4 recovery and margin expansion signal operational resilience. Management guidance for FY27 implies ~18% revenue growth and sustained margins, supported by new capacity additions and growing D2C contribution. The stock remains well-positioned with INR774 crores cash reserves and no debt.