Vardhman Textiles Q4 FY26: Stable revenue, softer margins, and capex that reshapes capacity

Standalone revenue from operations in FY26 was INR 9,652 crore.

Standalone EBITDA was INR 1,494 crore in FY26 versus INR 1,625 crore in FY25 (down 8%). PAT was INR 740 crore versus INR 879 crore (down 16%).

The FY26 product-wise revenue split was Yarn 65% and Fabric 35% (as per the presentation).

The FY26 geographical split shown in the presentation was Domestic 56% and Export 44%.

Commercial production started for Processing line-4 (31 million meters per annum) and a synthetic woven performance fabric unit (18 million meters per annum).

The board approved expanding shirt capacity from 2.2 million to 4.5 million shirts per annum, expected to be completed by end of FY2026-27, with capex of about INR 125 crore.

Management said a forex mark-to-market provision of about INR 57-58 crore due to sharp rupee movement impacted other expenses in Q4 FY26.