Garware Technical Fibres Limited has informed the Exchange regarding a press release dated May 20, 2026, titled "Press Release".
GARFIBRES · price
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Garware Technical Fibres reported Q4FY26 consolidated net sales of Rs. 426.4 Cr (vs Rs. 432.5 Cr in Q4FY25), a slight decline year-on-year. Profit before tax and exceptional items fell to Rs. 91.8 Cr from Rs. 96.8 Cr, while adjusted PAT declined to Rs. 67.7 Cr from Rs. 71.1 Cr. For the full year FY26, net sales stood at Rs. 1528.8 Cr vs Rs. 1540.1 Cr in FY25, with adjusted PAT of Rs. 209.1 Cr vs Rs. 231.5 Cr. The management stated H2 performance recovered as expected, with Salmon aquaculture and U.S. business normalizing in Q4. However, the Middle East conflict disrupted shipments and caused unprecedented raw material price increases, leading to higher inventory and delayed domestic dealer offtake. Geo-synthetics business showed strong profitability growth. The company expects healthy profit growth in FY27 with improved aquaculture visibility and resolved U.S. tariff issues.
While FY26 sales remained largely flat, profits declined year-on-year due to raw material cost pressures and geopolitical disruptions. However, management's positive commentary on H2 recovery and FY27 outlook, particularly from normalized aquaculture and geo-synthetics growth, suggests the stock may see recovery if these tailwinds materialize.