Garware Hi-Tech Films Q1 FY27 Revenue at ₹633 Cr (up 28% YoY), PAT at ₹133 Cr (up 60% YoY)
Garware Hi-Tech Films reported its best-ever quarter for Q1 FY27, with revenue at ₹633 crore (up 28% YoY) and PAT at ₹133 crore (up 60% YoY). EBITDA margin expanded to 30.3%. The company is progressing with capex for a new SCF line expected in H1 FY28 and has seen traction in new product launches.
The announcement details record financial performance, significant YoY growth, margin expansion, and strategic capex plans for future capacity enhancement. These factors are material and are likely to positively impact investor sentiment and the company's stock performance.
The company reported record revenue and profitability, with significant year-on-year growth in key financial metrics like revenue, EBITDA, and PAT. Expansion in margins and positive commentary from management further support a positive sentiment.
Garware Hi-Tech Films Limited (GHFL) announced its unaudited financial results for the quarter ended June 30, 2026, reporting a record quarter with the highest ever revenue and profitability. Consolidated revenue from operations stood at ₹633 crore, marking a significant year-on-year increase of 28% and a quarter-on-quarter increase of 6%. The company's EBITDA surged by 56% YoY to ₹192 crore, with the EBITDA margin expanding by 544 basis points to 30.3%. Profit After Tax (PAT) grew by an impressive 60% YoY to ₹133 crore, with PAT margin at 21.0%, up 418 basis points YoY.
The company highlighted strong momentum in its Architectural and Automotive segments, driven by demand revival and improved realizations. GHFL is on track with its capital expenditure plans, expecting the TPU line to be commissioned in Q3 FY27. The ₹191 crore SCF line, incorporating advanced robotics, is progressing as planned and is expected to commence commercial production in H1 FY28, adding approximately 1,200 LSF of capacity.
Product innovation is gaining traction, with recently launched products like TPU-based UV printable films, PDLC speciality films, Ceramic Coating, and Graphic Solutions witnessing encouraging market acceptance. GHFL also expanded its Global Application Studios (GAS) footprint with 14 international additions and increased its domestic Garware Application Studios to over 250, with a target to scale Garware Home Solutions to 50 by the end of FY27. The company anticipates an anti-dumping duty on Chinese TPU-based PPF imports, which is expected to enhance GHFL's competitive advantage and support the scaling of its domestic PPF business. Dr. S. B. Garware, Chairman and Managing Director, stated that the company's priorities are to expand product applications, reach more customers, and strengthen its global position in specialized films. Ms. Monika Garware, Vice Chairperson and Joint Managing Director, added that the strong performance was achieved despite geopolitical uncertainty and a challenging operating environment.
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