Garware Hi-Tech Films has given the green light for a ₹191 crore project that will enhance its lamination capacity at Waluj, Maharashtra. The initiative aims to boost annual production by approximately 1200 LSF.

Garware Hi-Tech Films has given the green light for a new lamination line in Maharashtra with a production capacity of 1200 LSF per year. This significant investment of INR 191 crores is being self-funded, with construction taking place at Waluj.

Garware Hi-Tech has reported a substantial 36% increase in its Q4 net profit, reaching ₹1 billion compared to ₹736 million from last year. This signifies a promising growth trajectory for the company.

Garware Hi-Tech Films has approved its Q4 FY26 results, offering a dividend of Rs. 12 per share to shareholders. Additionally, the board has sanctioned a new lamination project worth Rs. 191 crore, along with some director appointments and committee changes.

Garware Hi-Tech Films saw a modest revenue growth of 0.5% in FY26, reaching ₹2120 crore. However, the company significantly improved its profitability, with EBITDA increasing by 29% to ₹157 crore and Profit After Tax (PAT) surging 39.1% to ₹108 crore in Q4 FY26.

Garware Hi-Tech anticipates a revenue growth of 15-20% by fiscal year 2027, targeting an EBITDA margin of 22-25%. The majority of this income is projected to come from exports, with over 85% derived from value-added products.