Garware Hi-Tech Films Limited (GRWRHITECH) Financial Results — Revenue ₹2,120 Cr

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Revenue: ₹2,120 CrNet Profit: ₹338 Cr

📢 Key Event
Garware Hi-Tech Films reported FY26 revenue of ₹2,120 crores and net profit of ₹338 crores, up 8.9% and 39% YoY respectively, with EBITDA at ₹500 crores.

🔄 What Changed
Revenue grew 8.9% YoY to ₹2,120 crores; net profit up 39% YoY to ₹338 crores; EBITDA increased 29% YoY to ₹500 crores; cash reserves at ₹774 crores; new sun control capacity of 1,200 sq. ft. to commission in Q1 FY28; TPU line launching in October 2026; FY27 revenue target of ₹2,500 crores.

🔮 What's Next
FY27 revenue target of ₹2,500 crores; new sun control plant commissioning in Q1 FY28; TPU line launch in October 2026; architectural films to contribute significantly to growth; D2C revenue share to reach 25-35% by FY28; 15-20% CAGR target for sun control and PPF segments; expansion in Middle East and North Africa markets.

💡 Investor Takeaway
The company is executing a clear growth strategy through product diversification, capacity expansion, and D2C channel development, supported by strong cash reserves and margin resilience, positioning it for sustained growth despite external challenges.

Garware Hi-Tech Films reported FY26 revenue of **₹2,120 crores**, up 8.9% YoY, with net profit of **₹338 crores** and EBITDA of **₹500 crores** (23.6% margin). Q4 revenue reached **[amount context mismatch] crores**, up 8.9% YoY, driven by strong demand in sun control and PPF films. The company ended the year with **₹774 crores** in cash reserves and remains debt-free. Management highlighted strategic investments in new sun control capacity (1,200 sq. ft. plant commissioning in Q1 FY28) and a TPU line launching in October 2026, backed by **INR191 crores** capex. Target FY27 revenue is **₹2,500 crores**, with architectural films contributing significantly to growth. D2C channels now account for 10-15% of revenue, targeting 25-35% by FY28. The firm emphasized resilience to geopolitical risks, successful tariff management in the U.S., and expanding partnerships in the Middle East and North Africa.

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About Garware Hi-Tech Films Limited (GRWRHITECH)

Capital Goods · Industrial Products · Listed on NSE

Market Cap: ₹12,553.39 Cr P/E: 40.3

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Garware Hi-Tech Films Limited (GRWRHITECH) — Financial Results Announcement

About Garware Hi-Tech Films Limited (GRWRHITECH)

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