Containers & Packaging company Garware Hi-Tech Films announced Q2FY26 results Revenue: Rs 569.7 crore (down 8.2% YoY) impacted by high base and tariff impact. However, up 15.1% QoQ, supported by improved product mix (higher SCF sales). EBITDA: Rs 133.3 crore (down 11.4% YoY) with margin at 23.4% vs 24.2% last year; yet sequential improvement on operating leverage and cost discipline. PAT: Rs 91.2 crore (down 12.5% YoY) with 16.0% margin. EPS: Rs 39.3 for Q2FY26. S. B. Garware, Chairman & Managing Director, Garware Hi-Tech Films, said: “As global trade dynamics evolve amid tariff changes and geopolitical shifts, the Company remains focused on sustainable growth and long-term value creation. Our strategic vision is centered on building a future-ready, innovation-driven enterprise that adapts to global transitions while capturing emerging opportunities.” Monika Garware, Vice Chairperson & Joint Managing Director, Garware Hi-Tech Films, said: “The Company delivered a strong performance during the quarter, demonstrating solid fundamentals and efficient operations amid tariff uncertainties, geopolitical developments, and variable climate conditions. Despite these challenges, our performance remained stable, highlighting the agility of our operations and the strength of our market position. Our focus remains on maintaining market share across key segments while enhancing efficiency and cost competitiveness. The commercialisation of the new PPF production line will support the Company’s next phase of growth and value creation. As FY26 unfolds in a complex global trade environment, we continue to take proactive steps to manage risks, optimise resources, and sustain growth.” Result PDF
Conference Call with Garware Hi-Tech Films Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Containers & Packaging company Garware Hi-Tech Films announced Q1FY26 results Revenue from operations for Q1FY26 were recorded at Rs 495.0 crore, an increase of 4.3% YoY. EBITDA stood at Rs 123.0 crore for Q1FY26. EBITDA margin of 24.8% for Q1FY26. PAT stood at Rs 83.0 crore with PAT margin of 16.8% for Q1FY26. S. B. Garware, Chairman and Managing Director, Garware Hi-Tech Films, said: "The Company remains well attuned to the current global environment as we navigate through the ongoing challenges related to tariffs and geopolitical uncertainties. Internally, we are accelerating our cost optimisation strategies with sustainable innovative methods to ensure higher operational efficiencies. Our focus remains on leveraging innovation and technology to manufacture niche and innovative consumer products, underpinned by robust R&D; and a portfolio of patented solutions. We are committed to achieving sustained long-term growth through strategic adaptation and operational excellence." Monika Garware, Vice Chairperson & Joint Managing Director, Garware Hi-Tech Films, said: “The company delivered stable performance, despite ongoing challenges stemming from tariff uncertainties, geopolitical shifts, and climate conditions. We are progressing steadily with our strategic investments in the new PPF production line and TPU facility, both of which are poised to fuel our next phase of expansion. The company has delivered stable performance in the last ten years. FY26 seems to be challenging owing to tariff uncertainties and geopolitical situation, however the company is evaluating various ways to mitigate the ongoing situation.” Result PDF
Containers & Packaging company Garware Hi-Tech Films announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from operations for Q4FY25 grew significantly to Rs 547.9 crore, an increase of 22.7% YoY, driven by continued growth in Sun Control Window Films, Paint Protection Films, and Industrial Products Division. EBITDA grew by 35.3% YoY to Rs 121.4 crore, supported by an improved product mix and higher contribution from premium offerings. Overall, PAT increased by 34.6% YoY to Rs 77.8 crore. FY25 Financial Highlights: Revenue from operations grew significantly to Rs 2,109.4 crore, an increase of 25.8% year-on-year, EBITDA at Rs 495.5 crore, up by 54.3% YoY PBT at Rs 445.5 crore, up by 64.8% YoY PAT at Rs 331.2 crore, up by 62.9% YoY Commenting on the results, S. B. Garware, Chairman and Managing Director, Garware Hi-Tech Films said: " As we continue to drive growth and innovation, your Company remains focused on strengthening technical capabilities, broadening our product portfolio, and exploring new markets. This strategic approach has consistently delivered strong results, reflecting the effectiveness of our value-added offerings and comprehensive marketing efforts. With a clear focus on sustainable growth, we are confident in our future prospects and well-positioned to take advantage of emerging opportunities.” Monika Garware, Vice Chairperson and Joint Managing Director, Garware Hi-Tech Films added, “We are proud to report a strong performance in Q4FY25 and a record-breaking annual performance with revenues surpassing Rs 2,000 crore in FY25, driven by our value-added product offerings and effective marketing strategies. We also delivered the highest-ever yearly profit, with PAT reaching Rs 331.2 crore, reflecting the strength of our business model and operational execution. Our strategic capital expenditures over the years have enabled us to meet demand, leading to these outstanding results. Investments in the TPU extrusion line and the upcoming PPF line will enhance our manufacturing capabilities and accelerate growth. We remain committed to growth, driven by demand for our products, expansion into new geographies, and strong traction in the domestic market, all while competing with world-class players in the value-added business segment.” Result PDF
Conference Call with Garware Hi-Tech Films Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Containers & Packaging company Garware Hi-Tech Films announced Q3FY25 results Q3FY25 Revenue from Operations remained stable at Rs 466.4 crore compared to Rs 453.6 crore during Q3FY24, an increase of 2.8% YoY. EBITDA grew by 10.7% YoY, supported by the sale of value-added products. PAT stood at Rs 60.8 crore, an increased by 8.8% YoY. EPS: Rs 26.2 for Q3FY25. S. B. Garware, Chairman & Managing Director, Garware Hi-Tech Films, said: "As we continue to chart our course towards a future of innovation and excellence, our commitment to long-term sustainable growth remains unwavering. Our strategic emphasis on operational efficiency and high-quality offerings is now further strengthened by strategic partnerships and dynamic marketing strategies. These efforts are not just expanding our footprint in India and overseas markets but also reinforcing our dedication to making a positive impact on our customers and communities.” Monika Garware, Vice Chairperson & Joint Managing Director, Garware Hi-Tech Films, said: “Our performance over the past nine months has been outstanding, driven by continuous innovation, strong focus on enhancing our product offerings and customer experience. To strengthen our future growth plans, we are pleased to inform you that the Board of Directors have approved an investment of Rs 118 crore in TPU extrusion line with an annual capacity of 360 LSF at our Waluj Plant and the production is set to commence by October 2026. This line will enhance our manufacturing capabilities, optimize operational costs and support future market demand. We have recently launched the industry's first Coloured PPF and Headlight & Taillight Glass Protection which will open up new business opportunities in the market. Additionally, we made strategic collaborations to ensure PPF offerings more accessible and supported by a comprehensive insurance program.” Result PDF
Conference Call with Garware Hi-Tech Films Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Containers & Packaging company Garware Hi-Tech Films announced Q2FY25 results Revenues grew significantly to Rs 620.6 crore, an increase of 56.3% YoY. EBITDA grew impressively by 103.3% YoY and 15.8% QoQ. PAT increased by 127.1% YoY and 18.0% QoQ. EPS: Rs 44.88 for Q2FY25. S. B. Garware, Chairman and Managing Director, Garware Hi-Tech Films, said: "We continue to maintain the growth momentum in the second quarter of FY25 delivering remarkable overall performance. Our strategic focus on operational efficiency and premium offerings enabled us to achieve highest ever PAT of Rs 104.3 crore. We remain focused and optimistic to maintain this momentum going ahead.” Monika Garware, Vice Chairperson and Joint Managing Director, Garware Hi-Tech Films, said, “Our second quarter results show the impact of our growth strategy across segments. By achieving the highest ever revenue and profitability in this quarter, we are reaffirming our ability to consistently deliver value to our stakeholders. Our continued focus on expanding distribution channels, newer geographies and enhancing our product portfolio has yielded results and we are well-prepared to capitalize on our capabilities to tap newer opportunities.” Result PDF
Containers & Packaging company Garware Hi-Tech Films announced consolidated Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenues at Rs 446.6 crore, up by 28% YoY EBITDA at Rs 89.7 crore, up by 27.5% YoY PAT at Rs 57.8 crore, up by 34.2% YoY FY24 Financial Highlights: Revenues at Rs 1,677.0 crore, up by 16.6% YoY EBITDA at Rs 321.1 crore, up by 19.2% YoY PAT at Rs 203.3 crore, up by 22.4% YoY The board approved PPF Capacity expansion and recommends a final dividend of Rs 10/- per equity share. Commenting on the results, Dr S. B. Garware, Chairman and Managing Director, Garware HiTech Films Limited said: "We are pleased to report another strong financial year performance, driven by our strategic expansion and our commitment to offer superior quality products to customers, combined with robust R&D; efforts and effective sales and marketing strategies. With the planned investment in new PPF line with a capacity of 300 LSF/annum, we are confident in sustaining growth momentum.” Monika Garware, Vice Chairperson and Joint Managing Director, Garware Hi-Tech Films Limited added, "We continue to offer value added products to our customers and the strong demand on Specialty Products like PPF and SCF globally driving PAT above Rs 200 crore for the year. We remain committed to our product quality and Customer Centric Approach, which will continue to take the company to newer heights both on Top-Line Growth and profitability and help to deliver sustainable growth for the future.” Result PDF