Garware Hi-Tech Films Limited (GHFL) has announced its best-ever financial performance for the fiscal year ended March 31, 2026. The company achieved a record annual revenue of ₹2,120 crore, with a profit after tax (PAT) of ₹338 crore. Driven by strong demand and operational efficiencies, the board has also approved a ₹191 crore investment in a state-of-the-art Sun Control Film manufacturing line to fuel future growth.
Record-Breaking Financial Results
Garware Hi-Tech Films concluded the 2026 fiscal year with a powerful performance. Annual revenue reached a milestone of ₹2,120 crore, while the company recorded a PAT of ₹338 crore, reflecting strong execution despite challenging global market conditions. In the final quarter (Q4 FY26), the company reported a revenue of ₹597 crore, representing an 8.9% year-on-year growth, supported by robust demand and improved realizations across all segments.
Operational Highlights and Expansion
The company demonstrated significant margin expansion, with EBITDA for the year reaching ₹500 crore at a margin of 23.6%. This growth was attributed to effective operating leverage and a favorable product mix. Looking ahead, the company is prioritizing capacity expansion with a ₹191 crore investment in a new Sun Control Film line. This facility, which will utilize advanced robotics and automation, is expected to commence commercial production in June 2027.
Strategic Market Growth
GHFL continues to scale its global and domestic presence through its Direct-to-Consumer (D2C) model. The company added 11 international Application Studios across the UAE and the USA and currently operates over 250 Application Studios within India. Additionally, the company launched three new products, including TPU-based UV printable films and PDLC speciality films, further solidifying its innovation-led growth strategy.
Leadership Commentary
Commenting on the results, Dr. S. B. Garware, Chairman and Managing Director, stated that the company’s performance reflects the resilience and strategic clarity built over three decades. Ms. Monika Garware, Vice Chairperson and Joint Managing Director, highlighted that achieving the highest-ever quarterly and full-year profitability underscores the company’s strong operational discipline and successful market positioning.
Source: BSE
