Vardhman Textiles Limited — Investor Meet, 24-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Vardhman Textiles reported a Q3 FY26 EBITDA margin of 15% (vs 16% QoQ), with Yarn and Fabric utilization at 95% and 89-90% respectively, amid elevated Indian cotton prices and global trade uncertainty. Management highlighted Indian cotton's structural expensiveness, creating a cost disadvantage against international competitors. Tariff-related disruptions impacted US demand, but exports showed selective improvement, notably yarn to China. The company commissioned new performance fabric capacities, targeting over 60% utilization by FY27, and plans to double garment capacity. Strategic focus remains on cost discipline, product premiumization, and diversifying into non-US markets to mitigate risks, reinforcing business fundamentals.