StockWatch
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VARDHMAN TEXTILES LTD.

BSE: 502986

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
2.7K
+8.3%+12.7%
Expenditure
2.3K
+1.7%+9.0%
Net Profit
285.06
+59.2%+41.4%
OPM %
17.21%
+5.63pp+3.31pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.00761.791.5K2.3K3.0KQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Record Profit Built on Inventory Gains; Moderation Explicit Ahead

yarn spreads · trading gains · fabric recovery

Result verdictFollow-upQ1 FY2703 Aug 20266 minConsumer & Retail

Vardhman Q1: consolidated PAT jumps 51% to ₹315 Cr as spinning spreads, margins recover

textiles · cotton yarn · spinning spreads

ResultsQ1 FY2730 Jul 20263 minConsumer & Retail
Latest
Quarterly Result30 Jul, 12:02 pm

Vardhman Q1: consolidated PAT jumps 51% to ₹315 Cr as spinning spreads, margins recover

Vardhman Textiles opened FY27 with a strong quarter, consolidated net profit rising 51.5% year-on-year to ₹314.56 Cr on revenue of ₹2,703.08 Cr (+13.3% YoY). The print is driven almost entirely by margin recovery rather than volume: net margin expanded to 11.6% from 8.5% a year ago and 7.4% last quarter, as the spinning-spread improvement management flagged on the Q4 call (from ~$0.65 toward $0.90–0.95) began flowing through. Operating profit before finance and depreciation rose to roughly ₹474 Cr against a topline up only mid-teens, confirming the gain is spread-led. The sequential +66% profit jump overstates momentum — the March quarter carried a labour-code past-service charge and a one-off tax reversal — so year-on-year is the honest measure, and it is clearly positive. The result validates management's Q4 guidance that Q1 would be "far better": both revenue and profit accelerated YoY, and the textiles segment PBIT jumped to ₹434.36 Cr from ₹300.68 Cr a year ago. Standalone tells a similar but slightly milder story — PAT ₹285.06 Cr, up 41.4% YoY — with the consolidated figure running ~10 points ahead because associate contribution grew (share of associate profit ₹15.83 Cr vs ₹12.06 Cr, with Vardhman Special Steels' profit roughly doubling). The Acrylic Fibre segment also swung to a ₹17.60 Cr profit from a ₹0.86 Cr loss a year ago. Street coverage ahead of the print centred on whether the June 2026 cotton import-duty exemption would lift gross margins and whether the ₹570 Cr of processing capacity capitalised in late FY26 (plus a ₹125 Cr shirting expansion) would ramp — no published consensus PAT figure was on record, but the margin expansion answers the first question affirmatively. Effective tax rate normalised to ~25% (₹103.51 Cr) after last quarter's litigation-driven reversal. The board declared no dividend with these unaudited results; management hosts the earnings call on July 31, where the durability of spinning spreads and the fabric-margin recovery it expects with a lag will be the key checkpoints.

30 Jul 2026, 12:02 pm

Corporate Events

Board MeetingVTL
2026
30Jul

Board Meeting

A meeting of the Board of Directors of the Company has been …

BSE Filing
Board MeetingVTL
2026
31Jan

Board Meeting

Consider and approve the Un-audited Financial Results

BSE Filing
Board MeetingVTL
2024
30Oct

Board Meeting

Consider and approve un-audited Financial Results

BSE Filing
Board MeetingVTL
2024
30Jul

Board Meeting

considering and approving the Un-audited Financial Results o…

BSE Filing
Board MeetingVTL
2024
9May

Board Meeting

Consider and approve Audited Financial Results of the Compan…

BSE Filing
Board MeetingVTL
2024
24Jan

Board Meeting

Consider and approve the Un-audited financial results for th…

BSE Filing
Board MeetingVTL
2023
31Oct

Board Meeting

Consider and approve un-audited financial results of the Com…

BSE Filing