India's Garware Hi-Tech Films jumps on strong fourth-quarter profit

Garware Hi-Tech Films

06/05/2026 09:54

** Shares of India's Garware Hi-Tech Films GARW.NS jump as much as ~17.3% to 5,250 rupees, last up 13.24%

** Chemical maker's fourth-quarter profit jumps ~39.1% y/y to 1.08 billion rupees ($11.39 million) on margin expansion

** EBITDA margin expands 409 bps y/y to 26.2%

** Revenue up ~8.9% y/y

** Co to invest 1.91 billion rupees in a new lamination line

** Trading volumes over 10x the 30-day average

** YTD, stock up ~61.8%

($1 = 94.8187 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))