Arvind (500101) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 revenue reached INR 2,919 crore, up 23% YoY, and EBITDA was INR 331 crore, up 27%; growth reflected strong Advanced Materials momentum, higher volumes and Dalco-GFT integration.

• H1 FY27 revenue was INR 5,420 crore, up 24%, EBITDA was INR 590 crore, up 32%, and PAT before exceptional items was INR 204 crore, up 26%.

Financial highlights

• Q2 revenue and EBITDA excluding Dalco-GFT were INR 2,663 crore and INR 290 crore, up 12% and 11% YoY, respectively.

• Q2 PAT before exceptional items was INR 123 crore, up 16%; cash PAT was INR 230 crore, up 29%.

• H1 cash PAT was INR 404 crore, up 34%; reported H1 results include 4.8 months of Dalco-GFT financials from 6 May 2026.

• Consolidated segment revenue included INR 2,146 crore from Textiles, INR 805 crore from Advanced Materials and INR 191 crore from Others.

• H1 FY27 CapEx was INR 372 crore; FY27 investment guidance exceeds INR 500 crore.

Outlook and guidance

• Garmenting is expected to achieve ~15% revenue growth, with a stronger H2, richer product mix and capacity additions; management emphasized revenue over piece volumes.

• Advanced Materials India is expected to deliver ~18% revenue and EBITDA growth, with a stable 14–15% margin; Dalco-GFT margin is targeted at 15–16%.

• Textiles are expected to deliver early double-digit revenue growth, with margins near current levels amid elevated costs.

• FY27 CapEx is expected to exceed INR 500 crore; ongoing programs are on track across Advanced Materials, garments, fabric and maintenance.