Garware Hi-Tech Films Limited (GHFL) announced its Q3FY26 results, showcasing a resilient performance amidst global economic volatility. While revenue saw a slight dip of 1.6% YoY, the company maintained a healthy EBITDA margin of 18.9%. The company is expanding its global presence with a new subsidiary in UAE and strengthening its domestic footprint with Garware Home Solutions.
Q3 FY26 Financial Highlights
Garware Hi-Tech Films Limited (GHFL) reported its unaudited financial results for the quarter ended December 31, 2025. The company faced global trade headwinds, impacting overall revenue.
- Revenue from operations: ₹458.7 crore, a decrease of 1.6% compared to ₹466.4 crore in Q3 FY25.
- EBITDA: ₹86.7 crore, down 7.4% year-over-year.
- EBITDA Margin: 18.9% compared to 20.1% in the corresponding quarter last year.
- Profit After Tax (PAT): ₹55.8 crore, a decrease of 8.3% year-over-year.
Nine Months Ended December 31, 2025 (9MFY26)
The company’s performance over the nine-month period demonstrates resilience amid external challenges.
- Revenue: ₹1,523.4 crore, a decrease of 2.4% from ₹1,561.4 crore in 9MFY25.
- EBITDA: ₹343.0 crore, down 8.3% year-over-year.
- PAT: ₹230.0 crore, a 9.2% decrease compared to ₹253.4 crore in the previous year.
Strategic Initiatives and Expansion
GHFL is proactively taking steps to strengthen its global footprint and expand its domestic presence.
- Plans to establish a wholly-owned subsidiary in the UAE to enhance export capabilities in the MENA region.
- Launched Garware Home Solutions, a direct-to-consumer (D2C) business focused on architectural films, with the first studio opened in Mumbai.
- Set up two Global Application Studios in the MENA region.
Management Commentary
Dr S. B. Garware, Chairman and Managing Director, stated that the company remains focused on long-term value creation through disciplined execution and strategic clarity amidst evolving global trade conditions and geopolitical realignments.
Ms. Monika Garware, Vice Chairperson and Joint Managing Director, highlighted the company’s steady progress and plans to strengthen its export footprint in the MENA region and other international markets.
Source: BSE
