Garware Hi-Tech Films Ltd (NSE:GRWRHITECH)
₹ 7,182 +30.5 (+0.43%) Market Cap: 167.00 Bil Enterprise Value: 159.41 Bil PE Ratio: 49.66 PB Ratio: 6.33 GF Score: 71/100

Q2 2026 Garware Hi-Tech Films Ltd Earnings Call Transcript

Nov 14, 2025 / 06:00 AM GMT
Release Date Price: ₹3760.9 (+4.86%)

Key Points

Positve
  • Garware Hi-Tech Films Ltd (BOM:500655) reported a 15% sequential growth in revenue quarter-on-quarter, demonstrating operational agility and strong market positioning.
  • The company's EBITDA margins remained healthy at 23.4%, underscoring disciplined expense management and proactive cost optimization.
  • Exports contributed 77% of total revenues, highlighting the company's strong international presence.
  • The Sun Control films segment witnessed strong demand momentum, and the architectural film business continued its rapid expansion in the US, Middle East, and Indian markets.
  • Garware Hi-Tech Films Ltd (BOM:500655) doubled its paint protection film capacity, enhancing manufacturing efficiency and unlocking additional capacity for future growth.
Negative
  • The company faced an 8.2% year-on-year decline in revenue due to tariff disruptions and a high base effect.
  • EBITDA was lower by 11.4% year-on-year, primarily due to the impact of increased US tariffs.
  • The US tariff structure increased duties by up to 50% on all product categories, posing significant challenges.
  • The company had to absorb a portion of the tariff costs to maintain its customer base in the US market.
  • There is uncertainty regarding the resolution of the tariff issue, which could impact future margins and revenue growth.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GARW.NS - Garware Hi-Tech Films Ltd
Q2 2026 Garware Hi-Tech Films Ltd Earnings Call
Nov 14, 2025 / 06:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Gadwari High Tech Films Q2 and H1FY26 earnings conference call. 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, then 0 on a touchstone phone. Please note this conference is being recorded. I now hand the conference over to Miss Gaddima Singhala.

Thank you and over to you, ma'am.

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Unidentified_2 [2]
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