US Auto Sales Decline Impact
Declining US automotive sales could affect demand for automotive sun control films and PPF, though management sees limited impact due to diversified geographies.
GARWAREHITECHFILMS / Q4-FY26 / risks
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Garware Hi-Tech Films · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Key Customer In-House PPF Manufacturing
A major PPF customer is setting up its own manufacturing, which could reduce orders. Management downplayed the risk, citing multiple suppliers and strong own-brand growth.
Raw Material Cost Inflation
Rising PTA and MEG prices could pressure margins if not fully passed through. Management claims ability to pass on costs due to strong customer relationships.
Geopolitical Volatility in Middle East
Ongoing conflicts in the Middle East could disrupt supply chains and demand, though management believes diversified global presence mitigates impact.