Garware Hi-Tech Films Q1 FY27 Revenue at ₹633 Cr, EBITDA ₹192 Cr, Highest Ever
Garware Hi-Tech Films reported its best-ever Q1 FY27 with revenue at ₹633 crore, up 28% YoY. EBITDA surged 56% to ₹192 crore, with margins hitting a record 30.30%. PAT grew 60% to ₹133 crore. The company reaffirmed FY27 revenue guidance of over ₹2,500 crore and medium-term revenue CAGR of 15-20%.
The announcement details record financial performance, strategic expansion plans, and reaffirmed positive future guidance, which are material factors likely to influence investor sentiment and the company's stock price.
The company reported record-breaking financial results, including highest ever quarterly revenues, EBITDA, and profits, along with significant year-on-year growth and margin expansion. This indicates strong operational performance and positive business outlook.
Garware Hi-Tech Films Limited announced its highest ever quarterly revenues, EBITDA, profit before tax, and profit after tax for the quarter ended June 30, 2026 (Q1 FY27).
Revenue from operations grew by 28% year-on-year to ₹633 crore. EBITDA increased by 56% year-on-year to ₹192 crore, with EBITDA margins expanding by 544 basis points to a record 30.30%, surpassing the 30% milestone for the first time. Profit before tax rose by 60% year-on-year to ₹176 crore, and profit after tax also grew by 60% to ₹133 crore, with PAT margins expanding by approximately 420 basis points to 21%.
The company highlighted that this performance is a result of structural improvements including a richer specialty product mix, stronger customer engagement, better realizations, and continued operating leverage. Demand remained healthy across key specialty segments like Sun Control Films and Paint Protection Films, supported by export markets and domestic momentum. Innovation continues to be a focus, with the launch of a detailing kit for the GAS network and traction in specialty portfolio products like TPU-based UV printable films and PDLC specialty films.
Garware Hi-Tech Films is expanding its global application studio network to 14 international studios and its Indian Garware Application Studios network to over 250 locations. Garware Home Solutions is also scaling steadily with 9 studios operational and a target of 50 by the end of FY27. The company is investing in strategic expansion projects, including a TPU project expected for commissioning in Q3 FY27 and a new sun control film manufacturing line with a capacity of 1,200 lakh square feet, expected to commence commercial production in H1 FY28.
The company reaffirms its guidance of achieving over ₹2,500 crore in revenue for FY27 while maintaining EBITDA margins in the range of 25% plus/minus 2%. Over the medium term, Garware Hi-Tech Films targets a 15% to 20% revenue CAGR.
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