Vardhman Textiles Limited — Investor Meet, 29-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Vardhman Textiles reported Q2 FY'26 sales of INR2,468 crores, with EBITDA margin at 15.5%, noting moderated profitability due to higher operating costs. The company faced challenges from US tariffs, high domestic cotton prices, and excess spinning capacity. Management is responding with diversification to non-US markets and a focus on high-value yarns, maintaining 90-95% capacity utilization. New fabric plants are under erection, expected to be commissioned this quarter, increasing capacity by 30%. The outlook is cautiously optimistic, anticipating market stabilization by Q4 FY'26, contingent on US trade deals and favorable cotton policies, while near-term uncertainties remain.