Garware's Q1 operating margin beat the sector median by 5.38 points
The consolidated quarter delivered Rs 64.6 cr of net profit, while other income contributed Rs 9.04 cr to the reported profit.
Filed 05 Aug 2026, 16:07 IST · after market close · Garware Technical Fibres Ltd (GARFIBRES)
Key takeaways
- Garware's consolidated operating margin was 18.68%, 5.38 percentage points above the 13.3% median for 90 Consumer Discretionary peers.
- Consolidated net profit was Rs 64.6 cr, with a 25.29% tax rate and Rs 9.04 cr of other income in the profit bridge.
- Operating profit of Rs 90.09 cr on revenue of Rs 482.37 cr gave Garware a Rs 6.56 EPS in Q1FY27.
Price around the results
18.68% margin defines Garware's Q1 profile
Garware reported consolidated revenue of Rs 482.37 cr and operating profit of Rs 90.09 cr in Q1FY27, translating into an 18.68% operating margin. Net profit was Rs 64.6 cr after Rs 21.87 cr of tax, with EPS at Rs 6.56.
Operating margin stayed ahead of 90 sector peers
Garware's 18.68% operating margin was 5.38 percentage points above the 13.3% median among 90 Consumer Discretionary companies that had reported the quarter. That places the company's operating profitability clearly above the sector comparison available for Q1FY27.
Reported profit included other income
The profit bridge included Rs 9.04 cr of other income alongside Rs 3.33 cr of interest and Rs 9.33 cr of depreciation. The 25.29% tax rate also shaped the conversion from Rs 86.47 cr of profit before tax to Rs 64.6 cr of net profit.
Results were filed after market close
Garware filed its consolidated Q1FY27 results at 16:07 IST on 5 August 2026, after the market closed. There is therefore no post-results stock reaction to assess in this report.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹482 cr |
| Other income | ₹9 cr |
| Expenses | ₹392 cr |
| Operating profit | ₹90 cr |
| Operating margin (%) | 18.68% |
| Interest | ₹3 cr |
| Depreciation | ₹9 cr |
| Profit before tax | ₹86 cr |
| Tax | ₹22 cr |
| Net profit | ₹65 cr |
| EPS (₹) | ₹6.56 |
Operating margin of 18.68% compares with a Consumer Discretionary sector median of 13.30% across 90 peers that have reported Q1FY27.
What to watch
- Whether operating margin holds at or above 18.68%.
- Whether the tax rate changes from 25.29%.
- How Rs 9.04 cr of other income compares with future profit before tax.