| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 596.69 | 30.1% | 8.9% |
| Total Income | 617.82 | 30.0% | 9.4% |
| Expenditure | 475.43 | 18.2% | 4.3% |
| PBT | 142.39 | 94.8% | 30.8% |
| Net Profit | 108.21 | 94.0% | 39.1% |
| OPM | 22.70% | 7.38pp | 3.64pp |
| NPM | 17.51% | 5.77pp | 3.74pp |
| EPS | 46.58 | 94.0% | 39.1% |
Garware Hi-Tech Films: FY26 Revenue at Record ₹2,120 Cr
06 May 2026 · 6 May, 1:41 pm
Summary
Garware Hi-Tech Films Limited reported a strong financial performance for the fiscal year ended March 31, 2026, achieving record annual revenue of ₹2,120 crore and a record PAT of ₹338 crore. The fourth quarter of FY26 delivered robust results, with revenue from operations growing 8.9% year-on-year to ₹597 crore and profit after tax surging 39.1% year-on-year to ₹108 crore. This was supported by significant EBITDA margin expansion to 26.2% in Q4 FY26, driven by operational efficiencies and product mix. Looking ahead, the company has approved a ₹191 crore capital expenditure for a new Sun Control Film line and continues to expand its global and domestic D2C footprint, alongside introducing new innovative products.
Key Highlights
- 1
Garware Hi-Tech Films Limited achieved record annual revenue of ₹2,120 crore and record profit after tax (PAT) of ₹338 crore for the fiscal year ended March 31, 2026.
- 2
Revenue from operations for Q4 FY26 increased by 8.9% year-on-year to ₹597 crore, marking one of the strongest quarters in the Company’s history.
- 3
Profit after tax (PAT) for Q4 FY26 saw a substantial increase of 39.1% year-on-year to ₹108 crore, driven by strong operating performance.
- 4
EBITDA margin expanded by 409 basis points year-on-year to 26.2% in Q4 FY26, primarily due to operating leverage, a favourable product mix, and sustained cost efficiencies.
- 5
The company announced a significant capital expenditure of ₹191 crore for a new state-of-the-art Sun Control Film line, with commercial production expected by June 2027.
- 6
GHFL expanded its global direct-to-consumer (D2C) presence with 11 new Global Application Studios internationally and grew its domestic network to over 250 Garware Application Studios and 6 Global Home Solutions.
- 7
Three new products were unveiled, including sustainable TPU-based UV printable films, PDLC speciality films, and Graphic Solutions, demonstrating ongoing product innovation.
Management Comments
Dr S. B. Garware
Garware Hi-Tech Films’ performance reflects the resilience, strength, and strategic clarity of a business built over more than three decades.
Ms. Monika Garware
We recorded the highest ever quarterly profitability in our history, along with achieving the highest-ever full-year Revenue and PAT since inception, reflecting strong execution and operating discipline. This performance was achieved in an extremely challenging external environment thereby reflecting the strength of our operations and market positioning. During the period, we strengthened our customer first approach through new product launches and the expansion of Garware & Global Application Studios as well as Garware Home Solutions. The newly announced Sun Control Film line will strengthen our future growth.
Informational and educational content only. Not investment advice.