VARVEE GLOBAL LIMITED has informed the Exchange regarding 'Investors Presentation for the Fourth Quarter and year ended March 31, 2026'.
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Varvee Global (formerly Aarvee Denims) delivered a strong turnaround in FY26, with revenue from operations rising 47.9% YoY to ₹628 million. Gross margin expanded dramatically to 65.1%, up 16,843 basis points, driven by a strategic shift away from denim toward higher-value non-denim shirting and suiting fabrics. The company became debt-free in June 2025 after fully repaying bank loans, and Q4 FY26 saw revenue surge 211.7% YoY to ₹233.84 million. Full-year EBITDA turned positive at ₹53.66 million versus a loss of ₹899 million in FY25. New management under CMD Jaimin Kailash Gupta, appointed July 2025, is executing a capacity reallocation plan targeting 50 lakh metres per month non-denim capacity (up from 18 lakh currently). India Ratings assigned an IND BB/Positive rating in January 2026, reflecting the company's fortified balance sheet.
The elimination of debt and sharp gross margin expansion signal a structural turnaround, but shareholders should note Q4 still posted a pre-tax loss of ₹226.38 million, indicating the recovery is uneven and the company is in an early growth phase post-restructuring.