Vardhman Textiles Limited — Investor Meet, 28-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Vardhman Textiles reports Q1 FY26 operational performance at par or slightly better. Indian cotton prices remain a challenge due to MSP and import duty, impacting spinning margins. Global trade uncertainty from new US tariffs is causing cautious buying. VTL's diversified markets (UK, EU, Japan, domestic India) are providing a buffer, maintaining full capacity utilization. Fabric expansion will contribute meaningfully from Q3. Management is cautiously optimistic, focusing on efficiency, product mix, and geographical diversification, while anticipating policy corrections.