Vardhman Textiles FY26: Revenue Hits ₹9,869 Cr, Profit ₹753 Cr Fueled by New Units

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AuthorAarav Shah|Published at:
Vardhman Textiles FY26: Revenue Hits ₹9,869 Cr, Profit ₹753 Cr Fueled by New Units
Overview

Vardhman Textiles reported strong FY26 results, with revenue hitting ₹9,869.05 crore and profit ₹753.20 crore. The company opened new technical textile units and processing lines, showing growth. However, auditor's notes on subsidiaries and a mention of potential going concern issues require attention.

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Vardhman Textiles Reports Strong FY26 Performance

Vardhman Textiles announced its audited financial results for the fiscal year ending March 31, 2026. The company reported consolidated revenue from operations of ₹9,869.05 crore and a profit after tax (PAT) of ₹753.20 crore. Standalone figures showed revenue of ₹9,652.33 crore and PAT of ₹740.02 crore.

The Board of Directors has recommended a dividend of ₹5 per share, pending shareholder approval at the annual general meeting.

Strategic Expansion Drives Growth

These results follow strategic expansions, including the commencement of commercial production at new technical textile units in Baddi, Himachal Pradesh, on March 1, 2026. This facility can produce 1.5 million meters of fabric monthly. Additionally, a new processing line at its Budhni, Madhya Pradesh facility began operations on March 7, 2026, adding about 31 million meters per annum of processed fabric capacity. These investments align with earlier capital expenditure plans and signal a move into higher-value textile segments.

Risks and Accounting Notes

The auditor's report raised points for attention. For consolidated results, it relied on reports from other auditors for two subsidiaries. A note also indicated that future events could potentially lead the group to cease as a going concern, though the auditors stated no material uncertainty exists based on current evidence. Separately, the company recognized ₹8.90 crore in past service costs due to changes in employee benefit plans following new labor codes, an accounting adjustment impacting the recent P&L.

Peer Landscape

Vardhman Textiles operates within a competitive textile market alongside peers such as Raymond Ltd., Arvind Ltd., and Trident Ltd. Raymond is also expected to report its FY26 results and consider dividends soon.

Looking Ahead

Investors will be watching for shareholder approval of the proposed ₹5 per share dividend. Key metrics to track include the performance contribution from the new technical textile units and Budhni processing lines, as well as subsequent quarterly results to gauge market demand and operational efficiency.

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