Vardhman Textiles Limited — Investor Meet, 03-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Vardhman Textiles reported improved Q1 FY27 results, largely from strong spinning performance and raw material gains. Fabric segment showed slower growth but anticipates recovery. Management foresees cotton prices holding firm or rising due to global supply issues, with Indian prices now aligned with international markets. Healthy order books suggest strong Q2 margins. While future margins may moderate, they are seen settling above recent lows (13-14% EBITDA). China's yarn demand from India remains robust and sustainable. With limited global spinning capacity additions, India is favorably positioned. The new synthetic fabric business shows promise, strengthening management's confident outlook for India's textile industry.