Garware Technical Fibres delivered exceptional second-quarter results with consolidated net profit jumping 83.1% year-on-year to ₹58.6 crore compared with ₹31.9 crore in the corresponding quarter last year. According to the company's latest announcement, net sales rose 33.0% to ₹462.6 crore for the quarter ended September 30, 2026. The strong performance was driven by robust growth across key business segments including salmon aquaculture, US sports, geosynthetics, and value-added rope businesses, alongside sustained domestic market expansion.
The company's profit before tax increased 66.8% to ₹76.1 crore for Q2FY27, with earnings per share (EPS) rising 86.5% to ₹6.00. For the half-year period, consolidated net profit after tax reached ₹123.0 crore, marking a 44.6% increase from the previous year, while profit before tax stood at ₹162.5 crore, a 40.0% increase. The company's EBITDA increased 65.3% year-on-year to ₹80 crore from ₹48.4 crore, with EBITDA margin expanding to 17.3% from 13.9% in the year-ago quarter. As reported by CNBC TV18, Vayu Garware, chairman and managing director, attributed the strong operational performance to the salmon aquaculture and US sports businesses, alongside sustained growth in the domestic market.
Despite strong performance, Garware Technical Fibres faced ongoing challenges from inflationary pressures from higher raw material prices and elevated freight costs on international routes. According to the company statement, management has been addressing these challenges through price increases, prudent procurement strategies and operational efficiencies while maintaining customer relationships and service levels. The company also expressed focus on innovation and new product development to address evolving customer needs.
For the first half of FY27, the company's consolidated net sales for the half-year rose 32.1% to ₹945.0 crore, with profit before tax standing at ₹162.5 crore, a 40.0% increase. As reported by CNBC TV18, the company's strong balance sheet, improved working capital management, disciplined capital allocation and better cash flow conversion position it to pursue growth opportunities while maintaining focus on profitability. The value-added rope business continued delivering results in both international and domestic markets.
Shares of Garware Technical Fibres closed 0.21% lower at ₹750.10 on October 29, ahead of the earnings announcement. According to CNBC TV18, the company will continue monitoring the impact of the West Asia conflict and other disruptions on oil prices, raw material costs and global logistics as part of its strategic focus on maintaining operational excellence and customer service levels.
