Garware Hi-Tech FY26 Revenue Hits Record ₹2,120 Crore; Approves ₹192 Cr Capex for New Film Line
Garware Hi-Tech Films reported record FY26 revenue of ₹2,120 crore and PAT of ₹338 crore. Q4 FY26 revenue was ₹597 crore, with PAT at ₹108 crore. The company approved ₹191 crore capex for a new Sun Control Film line, expected to commence production in June 2027. Three new products were launched.
The record financial performance, significant capex announcement for a new manufacturing line, and new product launches are material events that are likely to have a substantial impact on the company's future growth and market position.
The company reported record financial results for FY26, including revenue and PAT, and announced significant capital expenditure for expansion and new product launches, indicating positive future prospects.
Garware Hi-Tech Films Limited (GHFL) announced its audited financial results for the quarter and year ended March 31, 2026, reporting a record revenue of ₹2,120 crore for FY26, a marginal increase of 0.5% year-on-year. The company's consolidated PAT stood at ₹338 crore, up 2.1% year-on-year.
For the fourth quarter of FY26, GHFL posted a revenue of ₹597 crore, an increase of 8.9% year-on-year and 30.1% quarter-on-quarter. PAT for Q4 FY26 surged by 39.1% year-on-year to ₹108 crore, with margins improving significantly. EBITDA for the quarter was ₹157 crore, up 29.0% year-on-year.
The company's board has approved a capital expenditure of ₹191 crore for a state-of-the-art Sun Control Film (SCF) line, incorporating advanced robotics and automation, with an estimated capacity addition of ~1,200 LSF. Commercial production from this new line is expected in June 2027 (Q1FY28).
GHFL also launched three new products: sustainable TPU-based UV printable films, PDLC speciality films (Privacy on Demand), and Graphic Solutions. The company expanded its global D2C presence with 11 international Global Application Studios (GAS) and its domestic network to over 250 Garware Application Studios (GAS) and 6 Garware Home Solutions (GHS), with a target to scale GHS to 50 by the end of FY27.
Dr. S. B. Garware, Chairman and Managing Director, highlighted the company's resilience and strategic clarity. Ms. Monika Garware, Vice Chairperson and Joint Managing Director, noted the highest-ever quarterly and full-year profitability achieved despite a challenging external environment, attributing the success to strong execution, operating discipline, new product launches, and expansion of application studios and home solutions. The new Sun Control Film line is expected to bolster future growth.
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