For the full year FY26, the company reported its highest ever revenue of ₹2,120 crore. Full-year Profit After Tax came in at ₹338 crore, up 2.1% from ₹331 crore. EBITDA for the year was ₹500 crore with a margin of 23.6%.
Alongside the results, the board approved a ₹192 crore capex for a new Sun Control Film line backed by robotics and automation, with capacity addition of approximately 1,200 LSF. Commercial production is expected in June 2027. This is the company’s sixth major capex plan in recent years.The company also unveiled three new products during the quarter — TPU-based UV printable films, PDLC speciality films (Privacy on Demand) and Graphic Solutions. On the distribution front, it expanded its Global Application Studios footprint with 11 international additions — 2 in the UAE and 9 in the USA.
Domestically, it now has 250+ Garware Application Studios and six Global Home Solutions centres, with a target to scale the latter to 50 by the end of FY27.
Vice Chairperson and Joint Managing Director Monika Garware said the new Sun Control Film line will strengthen the company’s future growth.
Shares of the company surged more than 15% following the earnings announcement, hitting an intraday high of ₹5,250, which also is a 52-week high for the stock. With a 38% surge in the last one month, the stock has extended its year-to-date gains to 65%.
