VARVEE GLOBAL LIMITED has informed the Exchange regarding a press release dated February 13, 2026, titled "Press Release for Unaudited Financial Results for the quarter and nine months ended December 31, 2025".
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Awaiting price reaction for this filing.
Varvee Global Limited (formerly Aarvee Denims) reported a strong Q3 FY26 turnaround, with revenue more than doubling to ₹1,213.59 lakhs (+104.30% YoY) and a swing to a profit of ₹534.90 lakhs from a ₹694.29 lakh loss a year ago. For 9M FY26, revenue grew 12.78% to ₹3,941.52 lakhs while profit after tax surged 71.67% to ₹4,104.10 lakhs and EPS more than doubled to ₹21.54. The improvement is driven by a deliberate shift from low-margin denim to high-yield non-denim shirtings and suitings, lifting 9M gross margins to 84.49% from a negative base, alongside a 48.69% cut in employee costs. The company became debt-free in June 2025, received a 'Positive' outlook rating from India Ratings, and expanded non-denim production capacity by 50% to 18 lakh meters per month. 9M EBITDA also turned positive at ₹1,125.49 lakhs versus a ₹3,820.25 lakh loss in the prior-year period.
This is a credible operational turnaround with restored profitability, a debt-free balance sheet, and an institutional credit rating upgrade — likely positive for the stock, though the small standalone scale and single-facility concentration in Narol remain key risks for investors to watch.