Vardhman Textiles Q3 FY26: Sales Up, Profit Down YoY

Why the latest Vardhman numbers matter

Vardhman Textiles’ latest published data for the December 2025 quarter points to steady sales but weaker profitability. Consolidated net sales came in at ₹2,505.31 crore, indicating a modest improvement over the September 2025 quarter. However, multiple profitability lines moved the other way, with operating profit and net profit declining sequentially. The quarter also showed a clear fall in operating margin, signalling pressure at the cost and finance line levels. For investors tracking textile names, this mix of stable revenue and softer margins is a key development.

Stock move and earnings calendar to watch

The stock showed a decline of 26.80 points (down 4.21%) as of 16:01 on 06 May 2026, based on the provided market snapshot. On the results timeline, the last earnings date is listed as Q3 FY25-26 on 21 January 2026. The upcoming earnings date is Q4 FY26-27 on 7 May 2026. These dates frame when the market last received detailed quarterly updates and when it expects the next official set of numbers.

December 2025 quarter: revenue inches up

For the quarter ended December 2025, consolidated net sales were reported at ₹2,505.31 crore. The same snapshot shows this was up 1.02% quarter-on-quarter from ₹2,480.10 crore in September 2025. The data also flags 1.62% year-on-year growth for the December 2025 quarter. In a separate summary line, net sales for the December 2025 quarter are also shown as ₹2,505 crore, consistent with the consolidated number when rounded.

Profitability and margin compression

Operating Profit (PBDIT), excluding other income, was ₹284.35 crore in December 2025 versus ₹334.44 crore in September 2025, a 14.98% QoQ decline. Consolidated net profit was ₹166.34 crore compared with ₹187.03 crore in the previous quarter, down 11.06% QoQ. Operating profit margin (excluding other income) fell to 11.35% from 13.48%, a drop of 2.13 percentage points. The dataset also lists gross profit at ₹166 crore for the period, with a QoQ decline of 24.64% and YoY decline of 21.66%, reinforcing the profitability pressure signalled by margins.

Interest cost and other moving parts

Interest cost rose to ₹26.21 crore in December 2025 from ₹20.56 crore in September 2025, up 27.48% QoQ. Higher finance costs can amplify the effect of operating softness on net profit, even when revenue holds up. In the quarterly P&L series shared (Dec 2024 to Dec 2025), profit after tax declined from ₹203.56 crore in Dec 2024 to ₹169.95 crore in Dec 2025. Adjusted EPS in that same series moved down from ₹7.04 to ₹5.88 over the same period.

Consolidated vs standalone: what the data shows

Alongside the consolidated update, the standalone net sales for December 2025 are listed at ₹2,451.91 crore, up 2% YoY. The standalone September 2025 net sales figure is shown at ₹2,417.44 crore, down 1.52% YoY. These lines indicate that the underlying business revenue trend can differ across reporting bases and comparison periods. Still, the key consolidated headline for December 2025 remains the same: mild sales growth with weaker profit metrics.

Key quarterly snapshot (Dec’25 vs Sep’25)

FY25 annual picture: higher profit, but context matters

On an annual basis, the consolidated annual snapshot for Mar’25 shows operating profit (PBDIT) excluding other income at ₹1,262.75 crore versus ₹973.21 crore, up 29.75%. Consolidated net profit for Mar’25 in that snapshot is ₹883.27 crore compared with ₹631.59 crore, up 39.85%. In the Profit & Loss account table, profit for the period (PAT) is shown at ₹879.07 crore for Mar 2025 versus ₹607.63 crore for Mar 2024. Revenue from operations (gross) is listed at ₹9,401.82 crore in Mar 2025, compared with ₹9,114.24 crore in Mar 2024 and ₹9,630.90 crore in Mar 2023.

Longer-term trend signals highlighted in the dataset

The dataset notes “poor” profit growth of -19.3770% over the past three years and “poor” revenue growth of 0.7092% over the past three years. It also describes historical performance as fluctuating, with net sales peaking at 10,137.49 crore in Mar’23 and declining to 9,784.88 crore by Mar’25, alongside lower profitability and higher liabilities. These are presented as context points explaining why quarterly margin movement draws attention. Even when sales are stable, margin shifts can drive earnings volatility.

Dividend and shareholder payout data points

Vardhman Textiles is stated to have declared a dividend of ₹5.00 on 12 Sep 2025. The annual P&L table also lists equity share dividend and dividend rates across years, including an equity dividend rate of 250.00% for Mar 2025 and 200.00% for Mar 2024 (as per the table format provided). These entries provide a backdrop for payout history, though the immediate focus remains on profitability trends.

Conclusion

The December 2025 quarter shows Vardhman Textiles growing consolidated net sales to ₹2,505.31 crore, while operating profit, net profit, and operating margin declined versus the previous quarter. Interest costs also rose sequentially, adding to the pressure on the bottom line. With the next earnings date listed as 7 May 2026, investors will likely compare whether margins stabilise and how costs and finance charges trend in the next reported period.