What was Garware Hi-Tech Films's revenue in Q4 FY26?

Garware Hi-Tech Films reported revenue of ₹597 Cr in Q4 FY26, a — change year-over-year.

Did Garware Hi-Tech Films management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Garware Hi-Tech Films Q4 FY26 Research Workspace: Revenue ₹597 Cr (—)

Q: What guidance did Garware Hi-Tech Films management give?

FY27 Revenue Target of ₹2,500 crore: Management guided for minimum ₹2,500 crore revenue in FY27, implying ~18% growth over FY26.

Revenue ₹597 Cr

EBITDA ₹500 Cr

PAT ₹108 Cr

EBITDA Margin 23%

Duration 84 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Garware Hi-Tech Films delivered a resilient FY26 with revenue of ₹2,120 crore and EBITDA of ₹500 crore (23.6% margin), despite 50% US tariffs that disrupted H1. Q4 was the strongest quarter ever: revenue ₹597 crore (+8.9% YoY), EBITDA ₹157 crore (26.2% margin, +29% YoY), PAT ₹108 crore (+39% YoY). Growth was driven by sun control films (50% of revenue), PPF (25%), and IPDS (25%), with strong traction in Middle East and D2C channels. Management guided for ₹2,500 crore revenue in FY27 and maintained EBITDA margin guidance of 25% ±2%. Key risks include potential demand slowdown from US auto sales decline and raw material cost inflation, though management expressed confidence in passing through costs.

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Research workspace

Focused Modules

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Risk Intelligence

US Auto Sales Decline Impact

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Quarter Snapshot

Sun Control Films Revenue Share 50%

flat YoY

Sun control films contributed 50% of FY26 revenue, consistent with prior year.

PPF Capacity Utilization 85-89%

+5pp YoY

PPF lines are running at 85-89% utilization, expected to reach full capacity by next year.

Sun Control Capacity Utilization 75-80%

-5pp YoY

Sun control lines operated at 75-80% utilization due to tariff disruptions; expected to reach full by Q2 FY27.

Middle East Revenue $15M

+25-30% YoY

Middle East & North Africa revenue was ~$15M in FY26, targeting $20-22M in FY27.

Fast read

Guidance and risk preview

Top guidance FY27 Revenue Target of ₹2,500 crore

Management guided for minimum ₹2,500 crore revenue in FY27, implying ~18% growth over FY26.

Top risk 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 diversifie...