What was GHCL Textiles's revenue in Q4 FY26?

GHCL Textiles reported revenue of ₹375 Cr in Q4 FY26, a +31% change year-over-year.

Did GHCL Textiles management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

GHCL Textiles Q4 FY26 Research Workspace: Revenue ₹375 Cr (+31%)

Q: What guidance did GHCL Textiles management give?

Revenue target of ₹2,000 crore by FY29-30: Management reiterated its medium-term revenue target of ₹2,000 crore, driven by vertical integration into fabric and processing.

Revenue ₹375 Cr +31%

EBITDA ₹52 Cr

PAT ₹28 Cr

EBITDA Margin 11.7%

Duration 62 min

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2-Minute Summary

✦ AI-Generated from Full Transcript

GHCL Textiles delivered a strong Q4 FY26 with revenue of ₹375 crore (+31% YoY) and EBITDA of ₹52 crore (11.7% margin). The improvement was driven by a sharp recovery in spreads (from ₹123/kg in Q3 to ₹148/kg in Q4) on the back of robust demand from domestic and export markets, including a temporary surge from China. The new 25,000-spindle unit operated at 98%+ utilization, and the knitting machine expansion is on track. Management expects spreads to sustain in Q1 FY27 and reiterated its medium-term revenue target of ₹2,000 crore with 15-18% EBITDA margin by FY29-30. Key risks include geopolitical volatility (US-Iran conflict) impacting energy costs and logistics, and the sustainability of cotton price pass-through in the value chain.

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Risk Intelligence

Geopolitical disruption and energy cost inflation

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Quarter Snapshot

Spread per kg ₹148/kg

+₹25/kg QoQ

Spread improved from ₹123/kg in Q3 to ₹148/kg in Q4, driven by strong demand and higher cotton prices.

Spindle utilization 98%+

flat QoQ

Overall spindle utilization remained high at 98%+ in Q4, including the new 25,000 spindle unit.

Fabric revenue share 12%

+4pp YoY

Fabric contributed 12% of FY26 revenue, up from 8% in FY25, with a target of 15% in FY27.

Cotton inventory days 120 days

N/A

Company built ~120 days of cotton inventory as of March 31, 2026, to lock in lower prices.

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Guidance and risk preview

Top guidance Revenue target of ₹2,000 crore by FY29-30

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

Top risk Geopolitical disruption and energy cost inflation

The US-Iran conflict has disrupted trade routes and elevated logistics costs; higher fuel prices impact synthetic portfolio and fabric manufacturing.