Garware Hi-Tech Films has achieved a major milestone, reporting a record annual revenue of ₹2,120 crore for the financial year ending March 31, 2026. The company also announced a final dividend of ₹12 per share (120%) and a strategic ₹191 crore investment in a new state-of-the-art lamination line. This growth is driven by strong momentum across all specialty film segments, reflecting high operational efficiency and successful expansion in global and domestic markets.
Record Financial Performance in FY26
Garware Hi-Tech Films concluded the financial year 2026 on a high note, posting an all-time high revenue of ₹2,120 crore. The company’s profitability remained robust, with a consolidated net profit of ₹338 crore for the year. During the final quarter (Jan-Mar 2026), the company demonstrated strong performance with revenue reaching ₹597 crore, up 8.9% year-on-year, driven by demand revival and improved product realizations.
Strategic Capital Expenditure
To sustain its growth trajectory, the Board of Directors has approved a ₹191 crore investment for a new lamination line at its Waluj facility in Maharashtra. This new capacity, adding approximately 1,200 LSF per annum, will be funded through internal accruals and is expected to further strengthen the company’s position in the high-demand specialty films segment. The project reflects the company’s commitment to continuous capacity expansion and technological advancement.
Dividend and Governance Updates
Reflecting its commitment to shareholder value, the Board has recommended a final dividend of ₹12 per equity share (120%) for the financial year 2025-26, subject to approval at the upcoming Annual General Meeting. Additionally, the company has announced key leadership updates, including the appointment of Ms. Sonali Rajesh Mehta as an Independent Director and the re-appointment of Ms. Monika Garware as Vice-Chairperson and Joint Managing Director for a five-year term ending October 31, 2031.
Market Expansion and Innovation
The company continues to lead in the specialty films industry through its innovation-led approach. Significant progress has been made in its direct-to-consumer reach, with the expansion of Garware Application Studios (GAS) to over 250 locations and 11 international studios. Furthermore, new product launches—including sustainable TPU-based UV printable films and PDLC specialty films—are playing a critical role in expanding the company’s value-added portfolio, which now accounts for 87% of its total revenue.
Source: BSE
