Technical textiles manufacturer, Garware Technical reported consolidated net sales of Rs 426.4 crore (US $49.9 million) in Q4 FY ’26, marginally lower than Rs 432.5 crore (US $50.6 million) recorded in the corresponding quarter of FY ’25.
The company, which offers innovative high-performance technical textile solutions for sectors including aquaculture, fisheries, sports, agriculture, and geosynthetics, also reported a slight decline in profitability during the quarter.
Consolidated profit before tax and exceptional items stood at Rs 91.8 crore (US $10.7 million) for the quarter ended 31st March 2026, compared to Rs 96.8 crore (US $11.3 million) in the year-ago period.
Meanwhile, adjusted profit after tax, excluding exceptional items, stood at Rs. 67.7 crore (US $ 7.9 million) compared with Rs. 71.1 crore (US $ 8.3 million) a year earlier.
Vayu Garware, Chairman and Managing Director of the company, noted that the business performance recovered in the second half of FY ’26, with order flows from the salmon aquaculture segment and the US market returning to normal during the last quarter.
He further added that production and shipments stabilised in Q4, although certain consignments were impacted by the ongoing Middle East conflict, leading to higher goods in transit during the quarter.
For the full financial year FY ’26, Garware Technical Fibres reported consolidated net sales of Rs. 1,528.8 crore (US $ 178.9 million), compared with Rs. 1,540.1 crore (US $ 180.2 million) recorded in FY ’25.
Profit before tax and exceptional items for FY ’26 stood at Rs. 283.3 crore (US $ 33.1 million), compared with Rs. 308.4 crore (US $ 36.1 million) in the previous year. Adjusted PAT declined to Rs. 209.1 crore (US $ 24.5 million) from Rs. 231.5 crore (US $ 27.1 million).
According to the company, its geo-synthetics business continued to deliver strong profitability growth and return on capital employed, positioning the segment for further expansion in FY ’27.
