Vardhman Textiles Limited (VTL) — Announcement | 3 August 2026

Vardhman Textiles reported Q1 FY27 results showing improved yarn segment margins from better yarn sizes and raw material timing, while fabric utilization lagged due to missed U.S. orders from tariff sampling delays. Cotton prices stabilized globally at USD0.78-0.81/lb with Indian rates at INR64,000/candy. Management expects fabric utilization to rise, cites capacity expansion including new biomass boilers and a 55-60 ton/day open-end project, and targets 13-14% EBITDA margins by FY27 end after scaling to 4.5 million shirts/day. Export growth to China and Bangladesh continues, with technical textiles targeting 70-80% utilization in six months.