ScoutQuest22 Oct 2026
Garware Hi-Tech Films500655Quarterly results

Garware Hi-Tech Films posts record Q2 FY27 revenue of Rs 696 Cr, raises FY27 EBITDA margin guidance to 27% ±2%

Q2 FY27 revenue up 22% to Rs 696 Cr, PAT up 42% to Rs 129 Cr; H1 EBITDA margin 28.7%.

By ScoutQuest · · 1 min read

262 (Rs. In Cr.)
Q2 FY27129 (Rs. In Cr.)H1 FY27262 (Rs. In Cr.)
PAT: 129 (Rs. In Cr.) (Q2 FY27) and 262 (Rs. In Cr.) (H1 FY27).
Q2 FY27 Revenue
Rs 696 Cr, up 22% from Rs 570 Cr
Q2 FY27 PAT
Rs 129 Cr, up 42%
FY27 EBITDA Margin Guidance
27% ±2%
Period
Q2 & H1 FY27
Positioning
The company describes itself as a leading global, fully integrated chips-to-film maker of value-added specialty films, with the world's largest single-location SCF capacity and India's only professional-grade PPF.

📈 Q2 FY27 consolidated revenue rose 22% to Rs 696 Cr from Rs 570 Cr, EBITDA rose 42% to Rs 189 Cr (27.2% margin) and PAT rose 42% to Rs 129 Cr. For H1 FY27, revenue was Rs 1,329 Cr (up 25%), EBITDA Rs 381 Cr at a 28.7% margin and PAT Rs 262 Cr (up 50%).

💰 The company positions itself as a vertically integrated specialty films maker, with consumer products at 73% of revenue and value-added products at 86%, and says it holds a Rs 933 crore liquidity surplus with net zero debt.

🎯 Management states it has raised FY27 EBITDA margin guidance to 27% ±2% and reaffirmed an FY27 revenue target of Rs 2,500 Cr+; the presentation lists medium-term FY28-31 commitments of ~20% revenue CAGR, EBITDA margin above 27% and ROCE above 25%.

🏭 The company says growth is backed by a TPU line expected in Q3 FY27 (estimated capex Rs 118 Cr) and a new SCF line in H1 FY28 (estimated capex Rs 192 Cr), plus expansion of Garware Home Solutions studios to 50 in FY27 and over 200 in the medium term.

More numbers
  • Revenue, Q2 FY27696 (Rs. In Cr.)
  • EBITDA, Q2 FY27189 (Rs. In Cr.)
  • PAT, Q2 FY27129 (Rs. In Cr.)
  • Revenue, H1 FY271,329 (Rs. In Cr.)
  • EBITDA margin, H1 FY2728.7%
  • PAT, H1 FY27262 (Rs. In Cr.)
  • FY27 revenue target₹2,500+ Cr
  • Revenue from operations, FY262120 (₹ Cr)
  • PAT, FY26338 (₹ Cr)
  • Liquidity surplus, 30 Sep 2026₹ 933 crores
  • TPU line estimated capex118Cr
  • SCF line estimated capex192Cr
Source: BSE · 22 Oct 2026

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev