Garware Hi-Tech Films Limited — Investor Meet, 06-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Garware Hi-Tech Films Q3 FY26 Review: Revenue dipped 1.6% YoY to INR 459 Cr, with EBITDA at INR 86.7 Cr (-7.4% YoY), impacted by US tariffs. EBITDA margin held at 18.9%; company remains debt-free with INR 669 Cr cash. Management highlighted resilience, using efficiencies and product mix to absorb tariffs. Exports strong (74%). Strategic growth includes a new UAE subsidiary, doubled PPF capacity, and upcoming TPU line by Oct 2026. D2C initiatives and expanding Application Studios are key. Confident in 15-20% sales CAGR next year and 20%+ margins, aiming for a consumer-driven brand.