Quarter Ended: March 2026
Vardhman Textiles Limited – Q4 FY26 Results
NSE
vtl
BSE
502986
Vardhman Textiles reported stable revenue performance but witnessed pressure on profitability due to weaker textile segment margins and higher operating expenses.
key financial highlights
- Revenue from Operations:
- Revenue (Q4 FY26): ₹2,497.98 Crores
- QoQ Change: -0.29%
- YoY Change: -0.42%
- Previous Quarter (Q3 FY26): ₹2,505.31 Crores
- Previous Year (Q4 FY25): ₹2,508.57 Crores
- Revenue (Q4 FY26): ₹2,497.98 Crores
- Profit After Tax (PAT):
- PAT (Q4 FY26): ₹189.26 Crores
- QoQ Change: +12.32%
- YoY Change: -20.44%
- Previous Quarter (Q3 FY26): ₹168.50 Crores
- Previous Year (Q4 FY25): ₹237.88 Crores
- PAT (Q4 FY26): ₹189.26 Crores
- QoQ Performance
- Revenue Trend: Stable
- Profit Trend: Improving Sequentially
Margin Analysis
Drivers:
- Textile segment EBIT declined YoY
- Employee and operational costs remained elevated
- Finance costs increased during FY26
- Acrylic fibre segment improved profitability
- Stable raw material environment supported operational stability
Insight:
- The company maintained operational resilience despite pressure on its core textile segment margins
Segment performance
Segments: Textiles
- Revenue: ₹2,440.66 Crores
- Insights:
- Core contributor but profitability weakened YoY
Segments: Acrylic Fibre
- Revenue: ₹83.50 Crores
- Insights:
- Segment profitability improved substantially YoY
Segment insight
Summary:
- Textiles remain the dominant revenue contributor, while the acrylic fibre business showed improving profitability and operational recovery
Charcateristics:
- Textile business contributes majority revenue
- Acrylic fibre margins improved
- Segment asset base expanded
- Textile profitability under pressure
Earning quality check
Drivers:
- Strong operating cash generation of ₹1,108.12 Crores
- Positive working capital movement
- Healthy depreciation coverage
- Stable receivables profile
- Investment income supported earnings
Interpretations:
- Despite lower profitability, earnings quality remains healthy due to strong operating cash flows and disciplined working capital management
balance sheet Analysis
- Total Assets: ₹13,865.55 Crores
- Total Liabilities: ₹3,277.76 Crores
Insight:
- The company strengthened its asset base during FY26 with significant investments in fixed assets and capital work-in-progress, indicating continued expansion initiatives.
key risks
- Textile margin compression
- Export demand volatility
- Cotton price fluctuations
- Higher finance costs
- Global demand slowdown in textile sector
management strategy signals
Focus Area:
- Capacity expansion
- Product diversification
- Operational efficiency
- Strengthening acrylic fibre segment
- Working capital discipline
Financial metrics table
| Particular | Q4 FY26 | Q.O.Q | Y.O.Y |
|---|---|---|---|
| Revenue | ₹2,497.98 Crores | -0.29% | -0.42% |
| PBT | ₹216.61 Crores | +1.40% | -26.10 |
| PAT | ₹189.26 Crores | +12.32% | -20.44% |
Vardhman Textiles delivered a stable operational performance in Q4 FY26, but profitability remained under pressure due to weaker textile segment margins and elevated operating expenses.
The company continues to maintain strong balance sheet quality, healthy operating cash flows, and ongoing capital investments, which support long-term growth prospects. However, near-term earnings may remain sensitive to textile industry demand conditions and margin pressures.
Official Exchange Filing: Vardhman Textiles Limited
Quarterly Performance Context
FISCAL YEAR
2025-2026
AUDIT STATUS
REVIEWED