GHCL Textiles Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Revenue

Q3 FY26Fabric revenue share target of 12% by Q4 FY26Active

Management expects fabric revenue to reach 12% of total revenue by the end of the fiscal year, up from 11% in 9M FY26.

Q3 FY26Incremental revenue from knitting machines in FY27Tracked

The 40 knitting machines are expected to generate additional revenue of ₹30-40 crore in FY27 at 13-14% EBITDA margin.

Q4 FY26Revenue target of ₹2,000 crore by FY29-30Tracked

Management reiterated its medium-term revenue target of ₹2,000 crore, driven by vertical integration into fabric and processing.

Expansion

Q3 FY26Knitting capacity commissioning timelineActive

Phase 1 of 15 knitting machines will be commissioned in Q4 FY26, and phase 2 (additional 25 machines) in H1 FY27.

Margins

Q3 FY26Normalized EBITDA margin target of 14-15%Tracked

Management expects to return to normalized EBITDA margins of 14-15% as demand improves, with vertical integration potentially lifting margins to 16-18%.

Q4 FY26EBITDA margin target of 15-18% by FY29-30Tracked

Management expects to achieve 15-18% EBITDA margin through product mix optimization, vertical integration, and cost efficiencies.

Capex

Q4 FY26Capex of ₹120 crore in FY27Tracked

Planned capex includes ₹35 crore for 10 MW ground solar, ₹15 crore for knitting machines, and land investment in PMRA textile park.

Growth

Q4 FY26Fabric revenue share to reach 15% in FY27Tracked

Fabric revenue share is targeted to increase from 12% in FY26 to 15% in FY27, driven by in-house knitting capacity.