Vardhman Textiles Q1 FY27 Net Profit Rises 52% YoY

Key Financial Results - Standalone (₹ in Crores)

Quarterly Performance Comparison

| Revenue from operations | 2,703.08 | 2,497.98 | 2,385.66 | 9,869.05 |

| Other income | 78.06 | 57.92 | 70.30 | 223.48 |

| Total income | 2,781.14 | 2,555.90 | 2,455.96 | 10,092.53 |

| Total expenses | 2,378.90 | 2,349.69 | 2,191.91 | 9,187.46 |

| Profit before tax | 418.07 | 216.61 | 276.11 | 955.13 |

| Tax expense | 103.51 | 27.35 | 68.43 | 201.93 |

| Profit for the period | 314.56 | 189.26 | 207.68 | 753.20 |

| EPS - Basic (₹) | 10.88 | 6.49 | 7.28 | 26.18 |

| EPS - Diluted (₹) | 10.86 | 6.49 | 7.28 | 26.18 |

Expense Breakdown (Q1 FY27)

Cost of materials consumed: ₹1,450.36 crore
Employee benefits expenses: ₹226.77 crore
Finance cost: ₹23.13 crore
Depreciation and amortization: ₹126.29 crore
Other expenses: ₹585.85 crore

Comprehensive Income

Other Comprehensive Loss: ₹(2.24) crore
Total Comprehensive Income: ₹312.32 crore
Profit attributable to owners: ₹309.83 crore
Profit attributable to non-controlling interest: ₹4.73 crore

Segment Information - Standalone

The company operates in one primary segment - Textiles (manufacturing and sales of yarns and fabrics).

Segment Revenue and Results (Q1 FY27)

Textiles segment revenue: ₹2,685.48 crore
Textiles segment result: ₹434.36 crore
Acrylic Fibre segment revenue: ₹17.60 crore
Acrylic Fibre segment result: ₹11.05 crore

Segment Assets and Liabilities (Q1 FY27)

Textiles segment assets: ₹11,451.93 crore
Acrylic Fibre segment assets: ₹211.64 crore
Total segment assets: ₹11,663.57 crore
Unallocated assets: ₹2,458.88 crore
Total assets: ₹14,122.45 crore
Textiles segment liabilities: ₹787.82 crore
Acrylic Fibre segment liabilities: ₹86.68 crore
Total segment liabilities: ₹874.50 crore

Corporate Actions

During the quarter ended June 30, 2026, the company issued 1,94,000 equity shares of face value ₹2 per share under Employee Stock Options Scheme.

Consolidated Financial Results

The consolidated results include:

Subsidiaries:

Vardhman Acrylics Limited
VTL Investments Limited (wholly owned)

Associates:

Vardhman Yarn and Threads Limited
Vardhman Special Steels Limited
Vardhman Spinning and General Mills Limited

Auditor Qualifications on Consolidated Results

One subsidiary with revenue of ₹78.25 crore and net profit of ₹16.22 crore was not reviewed by the statutory auditor but relied on other auditor's report. One associate with Group's share of net profit of ₹8.27 crore was not reviewed by statutory auditor.

Approval Process

Audit Committee reviewed the results on July 29, 2026
Board of Directors approved the results on July 30, 2026
Limited review conducted by statutory auditors Deloitte Haskins & Sells LLP
Board meeting duration: 10:00 a.m. to 11:45 a.m.

Additional Notes

1. Financial results prepared in accordance with Ind AS 34 "Interim Financial Reporting"

2. Figures for quarter ended March 31, 2026 are balancing figures between audited FY26 figures and published YTD figures up to December 31, 2025

3. Employee benefits expense for Q4 FY26 and FY26 includes impact of past service cost on gratuity and remeasurement of leave encashment due to implementation of new labour code amounting to ₹8.90 crores and ₹32.48 crores respectively

4. Reduction in tax expense in Q4 FY26 due to reversal of income tax provision of previous years amounting to ₹16.98 crores due to settlement of certain tax litigations