| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 426.41 | 10.1% | 1.4% |
| Total Income | 434.22 | 7.2% | 1.6% |
| Expenditure | 342.38 | 3.9% | 0.7% |
| PBT | 77.94 | 3.4% | 19.5% |
| Net Profit | 57.26 | 1.6% | 19.4% |
| OPM | 19.31% | 1.02pp | 3.41pp |
| NPM | 13.19% | 0.72pp | 2.91pp |
| EPS | 5.77 | 1.9% | 19.4% |
Garware Technical Fibres Q4FY26: PAT at ₹67.7 Cr
20 May 2026 · 20 May, 6:22 pm
Summary
Garware Technical Fibres Ltd. announced its Q4 and full-year FY26 results, reporting consolidated net sales of ₹426.4 crore for Q4FY26 and ₹1,528.8 crore for the full fiscal year. Profit before exceptional items and tax stood at ₹91.8 crore for Q4FY26 and ₹283.3 crore for FY26, reflecting declines compared to the previous year. CMD Mr. Vayu Garware highlighted that business performance stabilized in H2FY26, with normalized order flows from key segments like Salmon aquaculture and the U.S. market in Q4. The Geo-synthetics business continued its strong growth, and despite facing challenges from raw material price increases and geopolitical conflicts, the company expressed confidence in achieving healthy profit growth in the upcoming year.
Key Highlights
- 1
Garware Technical Fibres reported consolidated net sales of ₹426.4 crore in Q4FY26, marking a 1.4% decline compared to ₹432.5 crore in Q4FY25.
- 2
Profit before exceptional items and tax for Q4FY26 stood at ₹91.8 crore, a 5.2% decrease from ₹96.8 crore in Q4FY25.
- 3
For the full fiscal year FY26, consolidated net sales were ₹1,528.8 crore, reflecting a 0.7% decrease compared to ₹1,540.1 crore in FY25.
- 4
Adjusted Profit After Tax (PAT) for FY26 was ₹209.1 crore, down 9.7% from ₹231.5 crore in FY25.
- 5
Adjusted EPS for FY26 was ₹21.06, a 9.7% decrease compared to ₹23.32 in FY25.
- 6
Management noted that overall business performance returned to track in H2FY26, with order flows from the Salmon aquaculture business and the U.S. market fully normalizing in Q4.
- 7
The Geo-synthetics business continued its excellent growth momentum on profitability and ROCE, and the company is confident of achieving healthy profit growth in the coming year despite challenges.
Management Comments
Mr. Vayu Garware
As anticipated, overall business performance returned to track in H2’FY26. Order flows from Salmon aquaculture business and U.S. market fully normalized in the last quarter. Production and shipments resumed to normal in Q4, although certain consignments were affected by the Middle East conflict that began in March 2026, resulting in a significant increase in goods in transit compared to the previous period. Geo-synthetics business continues its excellent growth momentum on profitability as well as ROCE and is well positioned for continuing growth in FY27. In March 2026, we have experienced an unprecedented increase in raw material prices due to the ongoing conflict in the Middle East. This has resulted in some delay on domestic dealer offtake. We continue to pass through raw material price increase to end customers, though with some time lag. To ensure uninterrupted supply, we have been required to increase our inventory levels. The impact of the continuing conflict in the Middle East is still evolving. We continue to closely monitor the situation and take proactive actions to minimize the impact. Innovation and new product roll-out remains a top organizational priority. With improved visibility in the Salmon Aquaculture business and the resolution of U.S. tariff issues, we are confident of achieving healthy profit growth in the coming year.
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