| Revenue growth | Improved numbers reported in absolute terms for Q1 FY27. |
|---|---|
| Margins | Spinning margins strong; fabric margins pressured by raw material price lags. |
| Order book | Yarn sold out for 3 months; domestic orders roughly 45 days. |
| Demand visibility | Strong yarn demand from China; fabric demand recovery expected in 3 months. |
| Management confidence | Balanced confidence despite textile cycle volatility and segment-specific laggards. |
Growth
Spinning utilization is full with margins supported by global cotton price stabilization and China demand.
Outlook
Ongoing ₹3600 Cr capex with new Dhar site operational starting December 2026.
Risks
Fabric segment lagging due to missed US sampling season and unabsorbed fixed costs.
Last quarter's promises, checked
Delivered
- Modernization completion target 90% → 90% modernization completed (= BEAT)
- Export revenue share target 44-45% → 44-45% maintained (= BEAT)
- Synthetic fabric plant commissioning → Plant commissioned in FY26 (= BEAT)
Partly delivered
- Green power/biomass projects Q1-Q2 FY27 → Ongoing/launched in Q1 (= PARTIAL)
Missed
- Fabric capacity utilization → 15-20% on new lines due to US tariff cycles (= MISS)
Earnings Call Transcript filed with NSE, NSE: VTL. Summary written with AI assistance from the document.
Vardhman Textiles Ltd: key numbers
- Share price
- ₹538.20
- Market cap
- ₹15,585 Cr
- Revenue (annual)
- ₹9,869 Cr
- Net profit (annual)
- ₹745.2 Cr
- P/E (TTM)
- 18.4×Sector 52.0×
- Promoter holding
- 65.08%-0.01% QoQ
- FII holding
- 6.07%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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