Intimation of Transcript

August 11, 2026 The Compliance Manager The Manager, Listing Department BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai 400001. Bandra (East), Mumbai 400 051. Scrip Code: 500655 Trading Symbol: GRWRHITECH Subject: Transcript of the Earnings Conference Call on Un-Audited Financial Results / Business Performance of the Company for the Quarter Ended June 30, 2026. Pursuant to Regulation 30 and 46 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the Earnings Conference Call on Un-Audited Financial Results / Business Performance of the Company for the Quarter Ended June 30, 2026, held on Friday, August 07, 2026 The aforesaid transcript is also being uploaded on the website of the Company: https://www.garwarehitechfilms.com. This is for your information and record. Thanking you, Yours faithfully, 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) “Garware Hi-Tech Films Limited Q1 FY27 Earnings Conference Call” August 07, 2026 MANAGEMENT: MR. DEEPAK JOSHI – DIRECTOR, SALES AND MARKETING – GARWARE HI-TECH FILMS LIMITED MR. AMAR YARDI – LEAD, INVESTOR RELATIONS – GARWARE HI-TECH FILMS LIMITED MODERATOR: MS. GARIMA SINGLA – GO INDIA ADVISORS Page 1 of 22 Garware Hi-Tech Films Limited August 07, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Garware Hi-Tech Films Limited Q1 FY27 Earnings Conference Call hosted by Go India Advisors. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Ms. Garima Singla from Go India Advisors. Thank you, and over to you, ma'am. Garima Singla: Thank you. Good morning, everyone. I'm Garima Singla, and it's my pleasure to welcome you on behalf of Garware Hi-Tech Films Limited. Thank you for joining us today for Q1 FY27 Earnings Conference Call. This call is being hosted by Go India Advisors. Please note that today's discussion may include certain forward-looking statements. Therefore, they must be viewed in conjunction with the risks that the company faces. Today, on the call, we are joined by Mr. Deepak Joshi, Director, Sales and Marketing. I now invite Deepak sir to present the company's business outlook and performance, after which we will open the floor for Q&A. Thank you, and over to you, sir. Deepak Joshi: Thank you, Garima. Good morning, everyone, and thank you for joining us today. Before we begin, I would like to express our heartfelt condolences on the passing of Mrs. Sarita Garware Ramsay, our beloved Joint MD. On behalf of the Board and everyone at Garware Hi-Tech Films, we extend our deepest sympathies to the Garware family and pray for strength and peace during this difficult time. I would also like to extend my warm wishes to all of you and your families on the occasion of India's 79th Independence Day. As we celebrate our nation's remarkable journey of progress, resilience and innovation, we remain committed to contributing to India's manufacturing excellence and strengthening its position as a global leader in high-value specialty films. I hope you have had a chance to review our financial results and investor presentation shared earlier. Today is a proud moment for everyone at Garware Hi-Tech Films. The quarter we are reporting today is the culmination of years of disciplined execution, continuous innovation and a clear long-term vision. Over the last several years, we have consciously transformed Garware from a manufacturing-led company into a global technology-driven specialty film company. We invested ahead of demand, strengthened our R&D capabilities, expanded our specialty product portfolio, built deeper customer relationship and established a differentiated direct-to- consumer platform. Every strategic decision has been guided by one objective to build a stronger, more resilient and a more profitable business capable of delivering sustainable long- term value. I'm delighted to share that this strategy continues to deliver. Q1 FY27 marks the strongest quarter in Garware Hi-Tech Films history. During this quarter, we delivered our highest ever Page 2 of 22 Garware Hi-Tech Films Limited August 07, 2026 quarterly revenues, EBITDA, profit before tax and profit after tax since the company's inception. More importantly, what gives us more confidence is not just the scale of growth, but the quality of our earnings. This performance has been driven by structural improvements in the business, including a richer specialty product mix, stronger customer engagement, better realization and a continued operating leverage. Revenue from operations for the quarter stood at INR633 crores, growing 28% year-on-year basis. EBITDA increased 56% year-on-year to INR192 crores with EBITDA margin expanding by 544 basis points to a record of 30.30%, crossing the 30% milestone for the first time in company's history and significantly exceeding the upper end of our long-term guidance range. Profit before tax increased 60% year-on-year to INR176 crores, while profit after tax also grew 60% year-on-year to INR133 crores. PAT margins expanded by approximately 420 basis points to 21%, reflecting the strength of our specialty-led business model, disciplined execution and improving operational capability. Importantly, we do not view this as a result of one exceptional quarter. Rather, it reflects the structural transformation of our business over many years. On the business front, demand remained healthy across our key specialty segments, particularly Sun Control Films and Paint Protection Films, supported by improving demand across our key export markets and continued momentum in India. Innovation continues to remain at the heart of our strategy. During this quarter, we launched our detailing kit for our existing GAS network, which helps the detailing studio to complete their product basket and increase the wallet share. Our specialty portfolio with sustainable TPU-based UV printable films for complex applications, PDLC specialty films enabling privacy on demand and graphic solutions, expanding our value- added offerings across automotive and architectural applications continues to gain traction. We also continue to deepen our engagement with global automotive OEMs and other strategic customers across geographies. While we do not comment on customer-specific engagements, we remain encouraged by the opportunities emerging across both OEM and the aftermarket channels. Our strategy of moving closer to the end customer is progressing well and remains one of the key differentiators of our business model. Globally, we continued expanding our global application studio network with 14 international studios across Middle East and the United States, strengthening our direct customer engagement in key export markets. We are also witnessing encouraging momentum across Middle East, which continues to remain an important growth market for our specialty film business. However, currently, our supply chain remains impacted due to war. In India, our Garware Application Studios network has now expanded to over 250 locations, while Garware Home Solutions continues to scale steadily with 9 studios currently operational. We remain firmly on track to expand this network to 5 [Showing first 8,000 characters — download PDF for full document]