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Vardhman Textile

Q1 FY27

Vardhman Textile Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹532

Market cap₹15.4K Cr

P/E18.2

Updated16 Oct 2026

Read4 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueModerate growth

MarginMargins steady

CapexCapex planned

The short version

Capacity expansion at Dhar's PM MITRA Park is planned in the next 3-5 years, intending to drive top-line growth. Company expects reasonable improvement in return on capital employed (ROCE) over 5 years, targeting 13-14% levels from current lower levels.

From Vardhman Textile's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Moderate growth

Capacity expansion at Dhar's PM MITRA Park is planned in the next 3-5 years, intending to drive top-line growth. (Page 10)
New capex includes modernization and power projects, with some on-line now and more completing within 2026-27, which will enhance production capacity marginally (additional 50-55 tons open end). (Page 10)
Garmenting capacity is being doubled from 2.2 million to 4.5 million shirts, expected to be fully operational by June 2027, with peak revenue potential around INR 300 crores. (Page 12)
The synthetic fabric business is starting to gain traction, targeting 70-80% capacity utilization in next 6 months from current 15-20%. (Page 7)

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Profitability & Margins

Company expects reasonable improvement in return on capital employed (ROCE) over 5 years, targeting 13-14% levels from current lower levels.
Top-line growth is anticipated through capacity expansion, especially in fabric and garment segments, and leveraging new projects in Dhar (PM MITRA Park).
New capex focusing on modernization and power will mostly complete in FY27, with some remaining work into FY28.
Demand visibility remains positive for next 3-4 months in yarn sales, largely supported by China and Bangladesh.
New garment capacity doubling from 2.2 million to 4.5 million shirts aims to enhance margin and asset turnover.
Innovation and niche products, along with eco-friendly and compliance advantages, position the company well for growth.

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Capital Expenditure Plans

Capex planned

Total announced capex is INR 3,600 crores, with around INR 800-900 crores allocated for FY27; remaining to be completed this year.
Majority of capex is for modernization and power projects including biomass boilers and renewable energy investments (solar, wind).
Open-end spinning project with ~55-60 tons/day capacity construction started recently, expected to be ready in about 10 months.
Dhar PM MITRA Park project capex is currently under consideration; construction to start only after power availability is confirmed (expected post June 2027).

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Fundraising & Capital Structure

There is no mention of any current or planned fundraising through debt or equity in the provided sections of the transcript.
The company is holding investments as future expansion possibilities with available money but will invest in bigger projects only when the right opportunity arises.
The large capex plans (INR 3,600 crores) mostly pertain to ongoing modernization and power projects, with no indication of raising new funds through debt or equity for these.

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Order Book & Pipeline

Export market order book is typically sold for about 90-95 days (approx. 3 months).
Domestic market order book stays around 45-50 days.
Current order book situation in spinning segment aligns with these averages.
Bulk of price improvements in April-May expected to reflect in Q2 sales.
Yarn demand and sales visibility looks stable for the next 3 to 4 months.
New garment capacity expansion (doubling from 2.2 million to 4.5 million shirts) is underway with customers secured; full utilization expected roughly one year from now.

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Vardhman Textile — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.5K Cr, net profit ₹189 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Vardhman Textiles Ltd's management said in earlier quarters

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Q1 FY27 revenue: ₹9.86 Cr (Page 5) . Key investor presentation takeaways from Fiberweb (India)'s Q1 FY27 investor presentation — and how it ranks against sector
BSL (Q1 FY27)
Q1 FY27 revenue reported at ₹169.7 crore, up 7.4% year-on-year (YoY) and 14.8% quarter-on-quarter (QoQ) (Page 9, Page 6). Key investor presentation takeaways fr
Purple United (Q1 FY27)
Reported revenue from operations for FY 2025-26: ₹17,063 lakh, a 65% increase from ₹10,313 lakh in FY 2024-25. Key investor presentation takeaways from Purple U
Ambika Cotton (Q1 FY27)
FY 2025–26 showed renewed growth with revenue increasing by ~11% to ₹780.95 crore. Key concall takeaways from Ambika Cotton Mills Ltd's Q1 FY27 earnings call…

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Frequently Asked Questions

What were Vardhman Textile Q1 FY27 results?

Capacity expansion at Dhar's PM MITRA Park is planned in the next 3-5 years, intending to drive top-line growth. Company expects reasonable improvement in return on capital employed (ROCE) over 5 years, targeting 13-14% levels from current lower levels.

What is Vardhman Textile share price analysis?

Vardhman Textile currently shows a below-average growth signal. The stock trades at a P/E of 18.2 with a market cap of ₹15,403 Cr. Investors should review the full earnings analysis for detailed insights.

Is Vardhman Textile planning capital expenditure?

Total announced capex is INR 3,600 crores, with around INR 800-900 crores allocated for FY27; remaining to be completed this year.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.