Varvee Global FY26 Revenue Up 47.9%, EBITDA Turns Positive

| Particulars | Q4 FY25 | Q4 FY26 | YoY Δ | FY25 | FY26 | YoY Δ |

| Revenue from Operations | 750.29 | 2,338.43 | +211.7% | 4,245.29 | 6,279.95 | +47.9% |

| Gross Profit | (3,481.31) | 759.07 | +₹4,240.38 lakh | (4,386.28) | 4,089.10 | +₹8,475.38 lakh |

| Gross Margin % | (464.0%) | 32.5% | +496.5 ppts | (103.3%) | 65.1% | +168.4 ppts |

| EBITDA | (5,169.81) | (588.92) | Loss narrowed by ₹4,580.89 lakh / 88.6% | (8,990.05) | 536.57 | +₹9,526.62 lakh |

| EBITDA Margin % | (689.0%) | (25.2%) | +663.9 ppts | (211.8%) | 8.5% | +220.3 ppts |

| Profit Before Tax | (1,612.51) | (2,263.78) | Loss widened by ₹651.27 lakh / 40.4% | 3,281.01 | 1,840.33 | -43.9% |

| PBT Margin % | (214.9%) | (96.8%) | +118.1 ppts | 77.3% | 29.3% | -48.0 ppts |

| Profit After Tax | (887.09) | (2,859.19) | Loss widened by ₹1,972.10 lakh / 222.3% | 1,854.39 | 1,244.92 | -32.9% |

Revenue Performance:

FY26 Revenue from Operations increased by 47.9% YoY to ₹6,279.95 lakh
Q4 FY26 Revenue from Operations grew 211.7% YoY to ₹2,338.43 lakh
Growth supported by deliberate shift towards value-added non-denim shirtings and suitings

Profitability Metrics:

Balance Sheet Strengthening:

Total borrowings reduced to approximately ₹287.67 lakh in FY26 from ₹9,425.93 lakh in FY25 (97.0% reduction)
Total Equity increased to ₹7,701.14 lakh
Company achieved debt-free status in June 2025
Net cash from operating activities stood at ₹504.46 lakh in FY26

Capacity Expansion:

Production capacity expansion from 12 lakh meters to 18 lakh meters per month for non-denim fabrics
Medium-term aspiration of scaling towards 50 lakh meters per month, subject to market demand and utilization

Corporate Actions:

Sub-division of equity shares from face value of ₹10 each into two equity shares of face value ₹5 each
Aimed at enhancing liquidity and encouraging wider retail investor participation

Institutional Milestones:

Assignment of 'IND BB/Positive' issuer rating by India Ratings and Research in Q3 FY26
Withdrawal of legacy default rating following lender no-dues and strengthened liquidity position

Mr. Jaimin Gupta, Chairman & Managing Director, stated:

"FY26 has been an important year in Varvee Global's transition"
Delivered strong revenue growth, improved Gross Profit by ₹8,475.38 lakh, turned EBITDA positive for full year
Materially strengthened the balance sheet with 97% borrowing reduction
Gross Margin improvement to 65.1% reflects strategic shift towards higher-value non-denim products
Q4 demonstrates operating business gaining momentum with 211.7% revenue growth
Reported profitability affected by below-EBITDA and non-operating movements
FY27 focus: profitable growth, better capacity utilization, working-capital discipline
Building VGL as resilient, institutionally credible, operationally focused textile platform
Sub-division of shares aims to improve liquidity and broaden shareholder participation

Headquartered in Ahmedabad, formerly known as Aarvee Denims and Exports Limited
Leading integrated textile manufacturer offering denim, non-denim, shirting, and suiting fabrics
Operates from Narol facility with end-to-end in-house capabilities from yarn production to finishing
Vertically integrated platform serving domestic and international markets for three decades
Strategic restructuring and leadership transition in 2025
Indian textile market valued at USD 146.55 billion in 2024, projected to reach USD 213.51 billion by 2033
Denim apparel market forecast to grow from USD 1.14 billion in 2024 to USD 1.83 billion by 2033 at 5.04% CAGR
Strategy focused on expanding into emerging markets, diversifying into value-added fabrics