Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Corporate Actions
Audit Opinion:
Clean opinion - Limited review reports from joint auditors J.H. Mehta & Co. and V Sankar Aiyar & Co. expressed no modifications or qualifications.
Key Financial Highlights [Rs. in Crores]:
Standalone Results:
Revenue from Operations: ₹584.14 (Q1 FY27) vs ₹452.64 (Q1 FY26) - 29.1% YoY growth
Total Income: ₹600.14 (Q1 FY27) vs ₹466.74 (Q1 FY26)
Net Profit: ₹126.58 (Q1 FY27) vs ₹74.59 (Q1 FY26) - 69.7% YoY growth
EPS: ₹54.49 (Q1 FY27) vs ₹32.11 (Q1 FY26)
Consolidated Results:
Revenue from Operations: ₹633.00 (as per media release) vs ₹495.00 (Q1 FY26) - 28% YoY growth
EBITDA: ₹192.00 (Q1 FY27) vs ₹123.00 (Q1 FY26) - 56% YoY growth
EBITDA Margin: 30.3% (Q1 FY27) vs 24.8% (Q1 FY26)
PBT: ₹176.00 (Q1 FY27) vs ₹110.00 (Q1 FY26) - 60% YoY growth
PAT: ₹133.00 (Q1 FY27) vs ₹83.00 (Q1 FY26) - 60% YoY growth
EPS: ₹57.10 (Q1 FY27) vs ₹35.73 (Q1 FY26)
Segment-wise Performance:
The Company operates in one segment only - Polyester Films. Consumer Product Division (CPD) contributed 74% of revenue while Industrial Product Division (IPD) contributed 26% of revenue.
Corporate Actions:
Dividend: Declared dividend with record date fixed as Wednesday, September 16, 2026 for the purpose of reckoning members entitled to receive dividend.
AGM: 69th Annual General Meeting to be convened on Wednesday, September 23, 2026 at 11:30 a.m. at Registered Office in Naigaon, Post Waluj, Chhatrapati Sambhajinagar (Aurangabad), Maharashtra.
Other Significant Information:
Investment of ₹0.52 crore made in wholly owned subsidiary Garware Hi Tech Global Trading FZCO (incorporated on April 27, 2026).
TPU line commissioning on track for Q3 FY27.
₹191 crore SCF line with advanced robotics and automation expected to commence commercial production in H1 FY28, adding ~1,200 LSF capacity.
Expanded Global Application Studios footprint with 14 international additions (3 in Middle East, 11 in USA).
Domestic presence expanded to 250+ Garware Application Studios and 9 Global Home Solutions across India.
Target to scale Global Home Solutions to 50 by end of FY27.