Garware Hi-Tech Films Reports Strong Q1 FY27 Results; Revenue Jumps 28% YoY, EBITDA Margin Crosses 30%

Garware Hi-Tech Films Reports Strong Q1 FY27 Results; Revenue Jumps 28% YoY, EBITDA Margin Crosses 30%​

Garware Hi-Tech Films Limited (GHFL), a global manufacturer of specialty films including Solar Control and Paint Protection Films, announced its unaudited financial results for the quarter ended June 30, 2026. The company reported robust growth across key metrics, with total revenue reaching Rs 633 crore.

The Q1 FY27 performance marked a significant achievement for GHFL, as detailed in the consolidated summary. Revenue from operations stood at Rs 633 crore, reflecting a 28% increase year-over-year (YoY) and a 6% quarter-on-quarter (QoQ) rise.

GHFL demonstrated substantial margin expansion, driven by operating leverage and favorable product mix. Earnings Before Interest and Taxes (EBITDA) was reported at Rs 192 crore, resulting in an EBITDA margin of 30.3%, a sharp increase of 544 basis points (bps) YoY. Profit After Tax (PAT) reached Rs 133 crore, achieving a 60% rise compared to the previous year, translating into a PAT margin of 21.0%. The Earnings Per Share (EPS) was reported at Rs 57.

Operational Expansion and Innovation Highlights​

The company’s growth is being supported by continuous investment in technology and market reach across global markets. One key development is the progression of the ₹191 crore Sun Control Film (SCF) line, which incorporates advanced robotics and automation. This facility is expected to commence commercial production in H1 FY28, with an anticipated capacity addition of approximately 1,200 LSF.

In terms of product innovation and market presence:

• GHFL has successfully launched TPU-based UV printable films and PDLC specialty films, which are gaining traction among customers.
• The company expanded its global footprint by adding 14 International Global Application Studios (GAS), including facilities in the Middle East and the USA, strengthening direct-to-consumer reach.
• Domestically, GHFL has scaled its presence to over 250 Garware Application Studios (GAS) and 9 Global Home Solutions (GHS).

Corporate Governance and Financial Status​

The Board of Directors reviewed the results on August 6, 2026, among other matters. The board approved the appointment of Mr. Prashant L. Pai as the Interim Chief Financial Officer (Key Managerial Personnel), effective from August 6, 2026.

Operational and financial data presented in the consolidated results for Q1 FY27 included:


GHFL has maintained a strong financial structure, reporting zero debt and achieving a liquidity surplus of ₹ 774 crore as of March 31, 2026.

Future Outlook​

Commenting on the results, Ms. Monika Garware, Vice Chairperson and Joint Managing Director, stated that the performance was achieved despite geopolitical uncertainty and volatility in global trade. 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 strong quarter. The company also continued groundwork for its new Sun Control Film line to address a wider range of applications and markets.

The Board meeting determined the following corporate actions:

• A Record Date was fixed as Wednesday, September 16, 2026, for dividend entitlement and e-voting purposes at the forthcoming AGM.
• The company is scheduled to convene its 69th Annual General Meeting (AGM) on Wednesday, September 23, 2026.
• Mr. Mannish L. Ghia was appointed as the Scrutinizer for conducting voting and e-voting processes at the AGM.