BSECompany Update4d ago · 6 Aug 2026, 01:03 pm
Press Release on Un-Audited Financial Results for the Quarter Ended June 30, 2026
Garware Hi-Tech Films Ltd · 500655
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Garware Hi-Tech Films Ltd reported record quarterly revenue and profitability, with revenue increasing by 28% YoY and PAT by 60% YoY, driven by demand revival and improved realizations across segments.
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Garware Hi-Tech Films Ltd - 500655 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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August 06, 2026
The Compliance Manager The Manager, Listing Department
BSE Limited National Stock Exchange of India
Corporate Relationship Department, Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block,
Dalal Street, Mumbai 400001. Bandra-Kurla Complex,
Bandra (East), Mumbai 400 051.
Scrip Code: 500655 Trading Symbol: GRWRHITECH
Dear Sir/ Madam,
Sub: Press Release on the Un-Audited Financial Results for the quarter
ended June 30, 2026
Pursuant to Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015, please
find enclosed herewith a copy of the Press Release on the Un-audited
Financial Results (Standalone and Consolidated) of the Company for the
quarter ended June 30, 2026.
This is for your information and records.
For Garware Hi-Tech Films Limited
Awaneesh Srivastava
Company Secretary
FCS 8513
Encl: as stated above
GARWARE HI-TECH FILMS LIMITED CORPORATE OFFICE :
GARWARE HOUSE, 50-A, SWAMI NITYANAND MARG
VILE PARLE (EAST), MUMBAI – 400 057.
TEL: 0091-22-6698 8000 (15 LINES)
WEBSITE: www.garwarehitechfilms.com
CIN: L10889MH1957PLC010889
REGD. OFFICE: NAIGAON, P.O. WALUJ,
CHHATRAPATI SAMBHAJINAGAR – 431 133 (INDIA)
Media Release
GHFL Delivers Record Quarterly Revenue and Profitability; EBITDA Margin Crosses 30%
Peak Revenue Backed By Strong Momentum in Architectural and Continued Momentum in
Automotive Segment
Mumbai, August 6, 2026: Garware Hi-Tech Films Limited (GHFL), a global manufacturer of
Solar Control Films, Paint Protection Films and other Specialty Films, announced its unaudited
FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026
Consolidated Financial Summary INR crores (except EPS)
Particulars Q1 FY27 Q1 FY26 Y-o-Y% Q4 FY26 Q-o-Q%
Revenue from operations 633 495 28% 597 6%
EBITDA 192 123 56% 157 22%
EBITDA Margin % 30.3% 24.8% 544 bps 26.2% 404 bps
PBT 176 110 60% 142 24%
PBT Margin % 27.9% 22.3% 558 bps 23.9% 401 bps
Cash Profit 148 96 54% 119 24%
PAT 133 83 60% 108 23%
PAT Margin % 21.0% 16.8% 418 bps 18.1% 282 bps
EPS in ₹ 57 36 60% 47 23%
Q1FY27: Best Ever Quarter with Highest ever Revenue & Profitability
• Robust top-line performance: Rs 633 crore (up 28% YoY; 6% QoQ), driven by demand
revival and improved realizations across segments, marking the strongest quarter in the
Company’s history.
• Margin expansion: EBITDA at Rs 192 crore (up 56% YoY; 22% QoQ) with margin at 30.3%
up 544 bps YoY, led by operating leverage, favourable product mix, and sustained cost
efficiencies.
• Earnings momentum: PAT at Rs 133 crore (up 60% YoY; 23% QoQ) with margin at 21.0%
up 418 bps YoY, supported by strong operating performance.
• Capex-Driven Growth Momentum: TPU line commissioning remains on track for Q3
FY27. The ₹191 crore SCF line, incorporating advanced robotics and automation, is
progressing as planned and is expected to commence commercial production in H1
FY28, adding ~1,200 LSF of capacity and strengthening GHFL's specialty films growth
pipeline.
Media Release
• Product innovation gaining traction: The recently launched TPU-based UV printable
films, PDLC speciality films, Ceramic Coating and Graphic Solutions witnessed
encouraging market traction during the quarter, reflecting growing customer
acceptance thereby strengthening GHFL's innovation pipeline.
• Global D2C scaling: Expanded Global Application Studios (GAS) footprint with 14
international GAS additions (3 in Middle East, 11 in the USA), strengthening direct-to-
consumer reach and global presence.
• Domestic D2C presence: Expanded to 250+ Garware Application Studios (GAS) and 9
Global Home Solutions (GHS) across India, with a target to scale GHS to 50 by the end
of FY27.
• Anti-dumping duty Tailwind: DGTR's recommendation for anti-dumping duty on
Chinese TPU-based PPF imports is expected to enhance GHFL's competitive advantage
and support the scaling of its domestic PPF business.
Commenting on the results, Dr S. B. Garware, Chairman and Managing Director, Garware Hi-
Tech Films Limited said: “Our journey has been shaped by the ability to convert film technology
into practical solutions for customers. As we begin FY27, our priorities are clear: expand the
applications of our products, reach more customers and strengthen Garware Hi-Tech Films’ position
in specialised films globally”
Ms. Monika Garware, Vice Chairperson and Joint Managing Director, Garware Hi-Tech Films
Limited added, “We have started FY27 on a strong note, with Revenue growing by 28% and PAT
by 60% YoY. This performance was achieved despite continued geopolitical uncertainty, volatility
in global trade and a challenging operating environment. Healthy demand across our key product
categories, a better product mix and our presence across domestic and export markets supported
the quarter.
During the period, we continued to take our products closer to customers through the Garware
Application Studios, Global Application Studios and Garware Home Solutions. We also progressed
with the groundwork for the new Sun Control Film line, which will expand our capacity and allow us
to address a wider range of applications and markets.”
Media Release
About Garware Hi-Tech Films Limited (GHFL):
GHFL (BSE: GRWRHITECH 500655 | NSE: GRWRHITECH), is one of the largest manufacturers of
Sun Control window films for architectural & automotive applications, paint protection films
and high-end BOPET films for label and industrial applications. The Company has been
recognized as a world class brand and leverages its state-of-the-art nano-dispersion and other
cutting-edge technologies to maintain its market leadership. Being vertically integrated, it
tightly controls product quality and provides a great value proposition to its customers. It has a
strong presence in 90+ countries.
* * *
For further information, please feel free to contact:
Amar Yardi Garima Singla
Email: amar.yardi@garwarehitech.com Email: garima@goindiaadvisors.com
Mobile: + 91 70451 21239 Mobile: +91 9780042377