India's Garware Hi-Tech Films slumps on tariff hit to Q1 profit

Garware Hi-Tech Films

11/08/2025 05:19

** Protection and specialty films manufacturer Garware Hi-Tech Films GARW.NS falls 9.27% to 2875 rupees after Q1 results

** Co's profit after tax falls 6% y/y, while profit margin contracts to 16.8% from 18.6% y/y due to "ongoing challenges related to tariffs and geopolitical uncertainties," it says

** GARW's export business made up 77% of consolidated revenue in FY25

** Q1 revenue from operations rises 4.3% y/y but slumps 9.7% sequentially

** GARW down 41.8% YTD

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))