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Varvee Global Ltd

Q3 FY26

Varvee Global Q3 FY26 investor presentation: Revenue & Margins

Q3 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹58

Market cap₹317 Cr

Updated16 Oct 2026

Read5 min read

Based on Varvee Global Ltd's Q3 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

The short version

Q3 FY26 Revenue from Operations: ₹121.36 million - Q3 FY25 Revenue from Operations: ₹59.4 million - Q3 Year-on-Year (YoY) Revenue Growth: 104.3% - 9M FY26 Revenue from Operations: ₹394.15 million - 9M FY25 Revenue from Operations: ₹349.5 million - 9M YoY Revenue Growth: 12.78% - Volume/Capacity: - Non-Denim production capacity increased 50% from 12 lakh to 18 lakh meters per month as of January 5, 2026. Q3 FY26 EBITDA: -₹14.73 million, improved 93.48% YoY from -₹226.01 million - Q3 FY26 EBITDA margin: -12.14%, improved by 36,835 basis points YoY from -380.49% - Q3 FY26 Profit after Tax (PAT): ₹53

From Varvee Global Ltd's Q3 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Q3 FY26 Revenue from Operations: ₹121.36 million
Q3 FY25 Revenue from Operations: ₹59.4 million
Q3 Year-on-Year (YoY) Revenue Growth: 104.3%
9M FY26 Revenue from Operations: ₹394.15 million
9M FY25 Revenue from Operations: ₹349.5 million
9M YoY Revenue Growth: 12.78%
Volume/Capacity:
Non-Denim production capacity increased 50% from 12 lakh to 18 lakh meters per month as of January 5, 2026.
Current 18 million meters/month non-denim capacity operating at ~90% utilization.
Target expansion to 50 million meters/month non-denim capacity underway via diversion from denim.
Outlook:

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Profitability & Margins

Q3 FY26 EBITDA: -₹14.73 million, improved 93.48% YoY from -₹226.01 million
Q3 FY26 EBITDA margin: -12.14%, improved by 36,835 basis points YoY from -380.49%
Q3 FY26 Profit after Tax (PAT): ₹53.49 million, up 177.04% YoY from -₹69.43 million
Q3 FY26 PAT margin: 44.08%, improved by 16,096 basis points YoY from -116.88%
Operating (Gross) margin in Q3 FY26: 59.43%, increased by 30,248 basis points YoY from -243.05%

The presentation highlights a "premium profitability" turnaround and a sharp recovery trajectory in operating leverage, supported by structural cost rationalization
Explicit outlook: Management aims for “high-velocity growth,” “scaling to 50 million meters,” and “compounding free cash flow with a debt-free balance sheet” but does not specify numeric future margin targets in the provided excerpts

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Capital Expenditure Plans

Non-Denim Fabric Capacity Expansion: Increased production capacity by 50% from 12 lakh to 18 lakh meters per month as of January 5, 2026 (Page 8).
Target Capacity Goal: Plans to expand non-denim fabric capacity to 50 lakh meters per month through diversion of denim capacity (Page 11).
Capacity Conversion: Ongoing conversion of denim capacity to non-denim aiming for 50 lakh meters monthly, supporting operational leverage and high sales volumes (Page 16).
Narol Unit: Sole manufacturing hub with 52,000 sq. yards, fully utilized and forming the company’s integrated base for capacity scaling (Pages 9, 12).

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Fundraising & Capital Structure

The presentation highlights that the company became bank debt-free as of June 3, 2025 (Page 7), with "No Due Certificates" secured from all major lenders including SBI and Bank of Baroda (Page 6).
It mentions complete repayment of bank loans by June 2025, removing interest liabilities (Page 6).
Finance costs were significantly reduced by 87.73% for 9M FY26 and nearly eliminated in Q3 FY26 (Page 22).
No mention of new fundraising through debt or equity is made.

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Order Book & Pipeline

The investor presentation does not explicitly report any figures or information regarding the order book, order inflow, or pending orders. It focuses primarily on: - Financial performance and turnaround (revenue, gross margin, EBITDA, PAT). - Capacity expansion and production capabilities (non-denim fabrics capacity increase from 12 to 18 lakh meters per month). - Strategic shifts towards higher-margin product mix (non-denim shirting and suiting). - Operational efficiencies, cost reductions, and deleveraging efforts.

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Varvee Global Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

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 ₹23 Cr, net loss ₹29 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Varvee Global's management said in earlier quarters

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BSL (Q3 FY26)
Q3 FY26 revenue is ₹167 Cr, compared to ₹170 Cr in Q3 FY25, reflecting a slight year-on-year decline of 1.8%. Key investor presentation takeaways from BSL's Q3
Fiberweb (India) Ltd (Q3 FY26)
Q3 FY26 Sales: ₹25.66 Cr; Q3 FY25 Sales: ₹25.18 Cr; Year-on-year (Y-O-Y) increase: 1.9% (approx). Key investor presentation takeaways from Fiberweb (India)'s Q3

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Frequently Asked Questions

What were Varvee Global Ltd Q3 FY26 results?

Q3 FY26 Revenue from Operations: ₹121.36 million - Q3 FY25 Revenue from Operations: ₹59.4 million - Q3 Year-on-Year (YoY) Revenue Growth: 104.3% - 9M FY26 Revenue from Operations: ₹394.15 million - 9M FY25 Revenue from Operations: ₹349.5 million - 9M YoY Revenue Growth: 12.78% - Volume/Capacity: - Non-Denim production capacity increased 50% from 12 lakh to 18 lakh meters per month as of January 5, 2026. Q3 FY26 EBITDA: -₹14.73 million, improved 93.48% YoY from -₹226.01 million - Q3 FY26 EBITDA margin: -12.14%, improved by 36,835 basis points YoY from -380.49% - Q3 FY26 Profit after Tax (PAT): ₹53

What is Varvee Global Ltd share price analysis?

Varvee Global Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹317 Cr. Investors should review the full earnings analysis for detailed insights.

Is Varvee Global Ltd planning capital expenditure?

Non-Denim Fabric Capacity Expansion: Increased production capacity by 50% from 12 lakh to 18 lakh meters per month as of January 5, 2026 (Page 8). - Target Capacity Goal: Plans to expand non-denim fabric capacity to 50 lakh meters per month through diversion of denim capacity (Page 11). - Capacity Conversion: Ongoing conversion of denim capacity to non-denim aiming for 50 lakh meters monthly, supporting operational leverage and high sales volumes (Page 16). - Narol Unit: Sole manufacturing hub with 52,000 sq.

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