Garware Hi-Tech Films Reports Record Quarterly Revenue and Profitability with EBITDA Margin Crossing 30%

Garware Hi-Tech Films Reports Record Quarterly Revenue and Profitability with EBITDA Margin Crossing 30%​

Garware Hi-Tech Films Limited (GHFL), a global manufacturer of Solar Control Films, Paint Protection Films, and specialty films, announced its unaudited financial results for the quarter ended June 30, 2026. The company reported robust top-line performance, driven by demand revival and improved realizations across all segments, marking one of the strongest quarters in its history.

The consolidated financial summary highlights significant growth:

Operational Highlights and Margin Expansion​

The Q1 FY27 results demonstrate strong operational leverage and a favorable product mix. EBITDA reached Rs 192 crore, marking a 56% year-on-year increase and achieving an EBITDA margin of 30.3%, which is up 544 basis points (bps) from the previous year.

The company’s earnings momentum was also strong, with Profit After Tax (PAT) reaching Rs 133 crore, a 60% jump from Q1 FY26 and reflecting a PAT margin of 21.0%.

Strategic initiatives underpin GHFL's growth trajectory:

• Technology & Capex: The company is progressing with the commissioning of its TPU line, which incorporates advanced robotics and automation. The ₹191 crore SCF line is expected to commence commercial production in H1 FY28, slated to add approximately 1,200 LSF of capacity.
• Product Innovation: New product launches, including TPU-based UV printable films, PDLC speciality films, Ceramic Coating, and Graphic Solutions, are gaining market traction.
• Global Presence: GHFL expanded its global reach by adding 14 International Global Application Studios (GAS), including 3 in the Middle East and 11 in the USA, reinforcing its direct-to-consumer strategy. Domestically, the company has over 250 Garware Application Studios (GAS) and 9 Global Home Solutions (GHS).
• Market Advantage: The recommendation by DGTR regarding anti-dumping duty on Chinese TPU-based PPF imports is expected to enhance GHFL's competitive advantage in the domestic PPF business.

Management Commentary​

Dr S. B. Garware, Chairman and Managing Director of Garware HiTech Films Limited, stated that the company's journey focuses on converting film technology into practical solutions for customers. As they commence FY27, priorities include expanding product applications, reaching more customers, and strengthening GHFL’s global position in specialized films.

Ms Monika Garware, Vice Chairperson and Joint Managing Director, added that the strong performance—with Revenue growing 28% and PAT growing 60% year-on-year—was achieved despite geopolitical uncertainty and a challenging operating environment. She noted that healthy demand across key product categories, combined with a better product mix and presence in both domestic and export markets, supported the quarter's success. Ms Garware also mentioned ongoing progress on the new Sun Control Film line to expand capacity and address a wider range of applications.

GHFL is recognized as a world-class brand among the largest manufacturers of Sun Control window films for architectural and automotive applications, paint protection films, and high-end BOPET films. The vertically integrated company maintains tight control over product quality and boasts a strong presence in over 90 countries.