Financial Performance Overview

RSWM Limited announced its unaudited financial results for the quarter and half year ended September 30, 2026. The company delivered strong performance with significant growth across key financial metrics.

Quarterly Financial Highlights (Q2 FY27)

  • Revenue: ₹1,322.3 crore, representing 13.9% QoQ growth and 15.0% YoY growth
  • Total Income: ₹1,331.8 crore, showing 13.8% QoQ growth and 14.9% YoY growth
  • Gross Profit: ₹498.4 crore, with 7.1% QoQ growth and 11.9% YoY growth
  • Gross Margin: 37.4% (down 237 bps QoQ and 100 bps YoY)
  • EBITDA: ₹115.9 crore, reflecting 23.2% QoQ growth and 47.1% YoY growth
  • EBITDA Margin: 8.7% (expanding 66 bps QoQ and 191 bps YoY)
  • PAT: ₹24.5 crore, showing 46.6% QoQ growth and 3.9x YoY increase from ₹6.3 crore
  • PAT Margin: 1.8% (improving 41 bps QoQ and 130 bps YoY)

Half-Yearly Financial Performance (H1 FY27)

  • Sales: ₹2,483.5 crore, representing 7.1% YoY growth
  • Total Income: ₹2,501.9 crore, showing 6.9% YoY growth
  • Gross Profit: ₹963.9 crore, with 8.9% YoY growth
  • Gross Margin: 38.5% (expanding 69 bps YoY)
  • EBITDA: ₹210.0 crore, reflecting 31.4% YoY growth
  • EBITDA Margin: 8.4% (expanding 156 bps YoY)
  • PAT: ₹41.3 crore, showing 3.1x YoY increase from ₹13.2 crore
  • PAT Margin: 1.6% (improving 108 bps YoY)

Performance Drivers and Challenges

The strong performance was supported by improved operational efficiencies, favorable product mix, and disciplined cost management. The company faced industry-wide challenges including geopolitical tensions, supply-chain disruptions, elevated energy and ocean freight costs, and rising polyester prices.

Management Commentary

Mr. Riju Jhunjhunwala, Chairman & Managing Director: Highlighted the positive impact of RSWM 2.0 initiative, emphasizing growth in topline and profitability improvements. Stated focus on strengthening capabilities, improving productivity, and expanding presence in value-added segments. Emphasized sustainability and responsible manufacturing as central to business philosophy, with initiatives focusing on energy efficiency, water conservation, emission reduction, and increased use of recycled materials. Noted RSWM received an ICRA ESG Impact Rating of 70, classified as 'Good'.

Mr. Rajeev Gupta, Joint Managing Director: Noted significant changes in textile business environment with geopolitical developments, supply chain realignments, volatile input costs, and uncertain export conditions. Highlighted the partnership with Spain-based NDS9 through LNJ NDS9 Global Private Limited as a strategic extension into finished garments.

Strategic Initiatives and Expansion

  • LNJ NDS9 Global Private Limited: Joint venture with Spain-based NDS9 combining RSWM's manufacturing infrastructure with NDS9's design and marketing strengths to expand into finished garments
  • LNJ GreenPet Private Limited: Subsidiary representing sustainability-led growth ambitions
  • The next growth phase focuses on strengthening presence across textile value chain and expanding into emerging opportunities

Operational Capacity and Sustainability

  • 11 manufacturing plants with 5.47 lakh spindles, 178 looms, 96 circular & flat knitting machines
  • Annual production capacity: 21,501 MT Melange Yarn, 1,11,124 MT Synthetic Yarn, 21,600 MT Cotton Yarn, 32.4 Million Meters Denim Fabric, 9,360 MT Knits Fabric, 49k MT Green Fibre
  • Sustainability achievements: Saves 2.05 million kilolitres of water annually, reduced Scope 1 and Scope 2 greenhouse gas emissions by 21.27% YoY, recycles approximately 6.5 million PET bottles per day

Corporate Background

RSWM Limited is the flagship company of LNJ Bhilwara Group, exporting fabrics and yarns to over 70 countries. The LNJ Bhilwara Group generates annual revenue of USD 1.2 billion across 22 companies in textiles, graphite electrodes, power generation, IT-enabled services, and other sectors, with 41 locations in India and over 28,000 employees.