RSWM Q1 FY27 Revenue Rises 1.7% to ₹1,161 Crores

The document is a transcript of the Q1 FY27 Earnings Conference Call held on Wednesday, August 5, 2026, at 5:30 PM IST.
The call was hosted by Rik Capital and included a presentation from management followed by a Q&A session. The stated purpose was to discuss the financial and operational performance for the quarter ending June 30, 2026.
Management participants included Mr. Rajeev Gupta (Joint Managing Director), Mr. Manoj Bansal (Chief Transformation and Chief Risk Officer), Mr. Nitin Tulyani (President and CFO), Mr. Surender Gupta (Chief Compliance Officer & Company Secretary), and Mr. Rakesh Jain (Senior General Manager Corporate Finance).
The transcript was filed pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, and was made available on the company's website at www.rswm.in.

Revenue: Revenue from operations stood at ₹1,161 crores, a sequential growth of 1.7% from ₹1,142 crores in Q4 FY26. Domestic sales were ₹825 crores, while export revenue was ₹336 crores.
Profitability: Gross profit was ₹466 crores (margin of 39.8%), and EBITDA was ₹94 crores (margin of 8%), registering sequential growth of 10.1% and a YoY increase of 16.1%.
Bottom Line: Profit Before Tax (PBT) was ₹24 crores (a QoQ growth of 33.5%), and Profit After Tax (PAT) was ₹17 crores. The PAT was lower than the previous quarter due to a one-time tax benefit in Q4 FY26.
Capacity Utilization: Mélange yarn utilization was 92-93%, synthetic yarn at 96%, cotton yarn at 98%, denim fabric at 90%, and knit fabric in the mid-80% range.
Finance Cost: Finance costs for the quarter stood at ₹31 crores.

Garmenting JV: The board gave principal approval for a Joint Venture for a denim garmenting unit. RSWM will be the majority shareholder. The first phase is planned for 5 lakh pieces per month, with further expansions planned.
PET Project (LNJ Greenpet): The bottle-to-bottle recycling project for food-grade granules is underway with civil construction started. The ₹100 Cr project has a planned capacity of 50,000 metric tons per year, with an expected revenue of ₹500 Cr and an EBITDA margin of ~15%. Commercial production is expected in Q1 FY28.
Knitting Expansion: A ₹92 Cr expansion is increasing knitting capacity from 650 tons/month to 900 tons/month, including adding 150 tons of printing capacity. Benefits are expected to reflect from Q3 FY27 onwards.
Graphene Initiative: The company confirmed ongoing development of graphene-based fiber in partnership with Birla Cellulose for viscose and in-house for polyester. Commercial revenue traction is expected within FY27.
Renewable Energy: The company has significantly increased its use of renewable energy sources, from mid-20% last year to over 60% in the current quarter, targeting annual power cost savings of ~₹40 Cr.
Industry Context: Management described a volatile environment influenced by the West Asia conflict, high crude oil prices, and subdued export demand, though domestic demand remained healthy. The long-term outlook is positive due to Free Trade Agreements (India-UK, India-EU).

The transcript was attached to the regulatory filing and edited for readability. No unpublished price sensitive information (UPSI) was indicated to have been shared during the call.
The presentation and results were uploaded to the exchanges on the day of the call, a point noted by an analyst for providing limited review time before the discussion.