Garware Technical Fibres Reports Stable Q4 Performance
Garware Technical Fibres Ltd reported a consolidated profit before tax and exceptional items of Rs 91.8 crore for the fourth quarter ended March 31, 2026, compared with Rs 96.8 crore in the corresponding quarter last year.
The company’s consolidated net sales stood at Rs 426.4 crore in Q4FY26 against Rs 432.5 crore in Q4FY25. Adjusted profit after tax, excluding exceptional items, came in at Rs 67.7 crore compared with Rs 71.1 crore a year earlier, while adjusted earnings per share declined to Rs 6.82 from Rs 7.16.
For the full financial year FY26, Garware Technical Fibres reported consolidated net sales of Rs 1,528.8 crore, slightly lower than Rs 1,540.1 crore recorded in FY25.
Profit before tax and exceptional items for FY26 stood at Rs 283.3 crore compared with Rs 308.4 crore in the previous year. Adjusted PAT declined to Rs 209.1 crore from Rs 231.5 crore, while adjusted EPS fell to Rs 21.06 from Rs 23.32.
Commenting on the performance, Vayu Garware, Chairman and Managing Director of the company, said business performance recovered in the second half of FY26, with order flows from the salmon aquaculture segment and the US market returning to normal during the last quarter.
He said production and shipments stabilised in Q4, although certain consignments were impacted by the ongoing Middle East conflict, leading to higher goods in transit during the quarter.
The company said its geo-synthetics business continued to deliver strong profitability growth and return on capital employed, positioning the segment for further expansion in FY27.
Garware Technical Fibres also highlighted a sharp increase in raw material prices during March 2026 due to geopolitical tensions in the Middle East, which affected domestic dealer offtake. The company said it continues to pass on higher input costs to customers, although with a time lag, and has increased inventory levels to ensure uninterrupted supply.
Management stated that innovation and new product development remain key priorities and expressed confidence of achieving healthy profit growth in FY27 supported by improved visibility in the salmon aquaculture business and easing US tariff-related issues.
