Garware Hi-Tech Films Limited (500655) Earnings Call Transcripts

Garware Hi-Tech Films Limited's Latest Earnings Call - Q4 FY2026

Garware Hi-Tech Films Limited reported a strong Q4 and FY '26, with revenue reaching INR 2,120 crores, up 8.9% year-on-year, and a record profit after tax (PAT) of INR 338 crores, reflecting a 39.1% increase. The company maintained a healthy EBITDA margin of 23.6% for the year despite external challenges, including geopolitical volatility and elevated tariffs. Management has provided optimistic guidance for FY '27, projecting revenue of at least INR 2,500 crores, signaling confidence in their growth strategy and market position.

Reported metrics

Guidance from management

Management has guided for FY '27 revenue of at least INR 2,500 crores, reflecting a growth expectation of 25% year-on-year. They have also indicated potential margin improvements with new product lines coming online.

What management said

Yes. So thank you, Mahesh. So our revenues for last year, I mean, were almost 50% from Sun Control films and both 25% from PPF and 25% from IPD. So that's like a breakup for last year.

No, no. This is entirely a new plant at the same location, but it's a new facility. Our earlier Sun Control, the earlier line, it will be adjacent to that line. But this line will have more features in terms of automation and robotics to take us -- I mean, it will be a new experience for our consumers for kind of untouched material, which we are trying to make from this new line. It will improve our efficiency. It ...

What analysts pressed on

Analysts expressed concerns regarding the impact of geopolitical tensions and tariffs on future sales, particularly in the U.S. market. There were also questions about the potential effects of large customers moving towards in-house manufacturing of PPF on Garware's sales.

Main topics on the call

• Record Profitability — Q4 was highlighted as the highest profitability quarter in Garware's history, with EBITDA at INR 157 crores, a 29% increase year-on-year, and PAT at INR 108 crores, up 39.1%. Management stated, "This performance reinforc...
• Revenue Growth and Guidance — For FY '27, management expects revenue to exceed INR 2,500 crores, reflecting a minimum growth of 25% year-on-year. They noted, "We hope that such situation is not there, right?" indicating confidence in overcoming previ...
• Market Expansion Initiatives — Garware has expanded its market presence with the onboarding of four large OEMs in the automotive segment and several distributors in the U.S. and U.K. Management emphasized, "We witnessed strong traction in the U.S. and...
• Investment in Capacity Expansion — The company announced a significant investment of INR 191 crores in a new Sun Control Film line, expected to enhance production capacity and efficiency. Management stated, "This line will have more features in terms of a...

Read the full Garware Hi-Tech Films Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 4 Garware Hi-Tech Films Limited earnings call transcripts on record, spanning February 10, 2025 to August 7, 2026. Based on this history, Garware Hi-Tech Films Limited reports semi-annually. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

500655

Exchange

BSE

Country

IN

Sector

Materials

Industry

Chemicals

Calls on record

4

First call

February 10, 2025

Most recent

August 7, 2026

Reporting cadence

semi-annually