Vardhman Textiles Q1 FY27 earnings call transcript filed
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MD Neeraj Jain reported improved spinning margins from raw material trading gains. Fabric lagged due to US tariff sampling issues, recovery expected. Cotton yarn spread at USD 0.90 per kg. Management views 13-14% margins sustainable versus 10-11% earlier. Chinese yarn demand strong, India exports up to 110 million kg. Synthetic fabric unit at 15-20% utilisation, targeting 70-80% in 6 months. Garment capacity to double to 4.5 million shirts, peak revenue around INR 300 crores. Capex of INR 3,600 crores nearing completion.
Improved margins and strong China demand supportive, but fabric recovery and capex execution remain key watchpoints