India's Garware's sales improve 9% to $42 mn in Q1 FY26

The company’s profit before tax increased by 13.4 per cent to ₹70.4 crore (~$8.05 million) in Q1 FY26 as compared to ₹62.1 crore (~$8.05 million) in the same period last year. Net profit after tax has increased by 13.5 per cent to ₹53.1 crore (~$6.07 million) in Q1 FY26 as against ₹46.8 crore (~$5.35 million) in the corresponding period of FY25. EPS for Q1 FY26 is at ₹5.35 this is a growth of 13.6 per cent over Q1 FY25, the company said in a press release.

“We have witnessed a top line growth of 9 per cent during the first quarter driven primarily by the Geosynthetics business which continues to grow exponentially. The International fisheries segment has also performed very well with key breakthroughs in new markets and customers. Domestically, the industrial product sales have grown well. Profit before tax increased by 13.4 per cent in Q1FY26 over Q1FY25,” Vayu Garware, CMD, Garware Technical Fibres Ltd said,

“There are some concerns on the horizon with the significant imposition of tariffs by the US and ongoing geopolitical tension. Though GTFL exports to the US are only approximately 10 per cent of our topline and we do believe that these issues will be resolved in the medium term, we are working hard to find ways to ensure our customers and partners in the US continue to be supported and we are able to manage these temporary disruptions,” concluded Garware.

ALCHEMPro News Desk (RR)