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Vardhman Textile

Q2 FY26

Vardhman Textile Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 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

The short version

Management remains cautiously optimistic about future growth despite near-term uncertainties. Management remains cautiously optimistic about future growth despite near-term uncertainties.

From Vardhman Textile's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Management remains cautiously optimistic about future growth despite near-term uncertainties.
  • Encouraging signals from the Indian government on US trade negotiations are expected to strengthen India's competitiveness.
  • Initial orders have come in from diverse geographies across existing and value-added segments, indicating broadening customer base.
  • The festive season and GST rationalization have brought positive sentiment in the domestic Indian market.
  • Strategic positioning remains strong, focusing on innovation, modernization, operational efficiency, and quality.
  • Capacity expansions planned, including doubling garment manufacturing capacity, to support future volume growth.
  • New fabric lines commissioning and synthetic plant operationalization expected to add revenue, though market conditions will influence utilization.

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Profitability & Margins

See what Vardhman Textile said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Synthetic plant capex: Approximately INR 300 crores, currently under commissioning, expected capitalization in Q3 FY'26.
  • New fabric line in Madhya Pradesh: Capex around INR 200 crores, to be operational by mid-November FY'26.
  • Technical textile project: Capex about INR 350 crores, with estimated depreciation at 10% per year.
  • Process line 4: Capex approximately INR 395-400 crores, with similar depreciation estimate.
  • Modernization programs ongoing, leading to additional depreciation.
  • Land acquired (~200 acres) in Madhya Pradesh PM MITRA Park for long-term expansion over the next decade.

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Fundraising & Capital Structure

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Order Book & Pipeline

  • The yarn segment's order book continues to remain strong with similar utilization levels as in Q2.
  • There have been no cancellations on the yarn side; some postponements and delays have been observed on the fabric side.
  • US customers are adopting a wait-and-watch approach, placing smaller, more frequent orders to manage uncertainties related to tariffs.
  • Order quantities from US customers have reduced by approximately 20% to 25% compared to last year.

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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

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.

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What Vardhman Textiles Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Vardhman Textile Q2 FY26 results?

Management remains cautiously optimistic about future growth despite near-term uncertainties. Management remains cautiously optimistic about future growth despite near-term uncertainties.

What is Vardhman Textile share price analysis?

Vardhman Textile currently shows a neutral. 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?

Synthetic plant capex: Approximately INR 300 crores, currently under commissioning, expected capitalization in Q3 FY'26.

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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.