Vertically integrated textile manufacturer Banswara Syntex reported a strong financial performance for FY ’26, with profit after tax rising 32.8% year-on-year to Rs. 28.4 crore (US $2.93 million), supported by growth in its garment and fabric businesses.
The company’s total income for the financial year ended March 2026 increased 4.8% to Rs. 1,369.7 crore (US $141 million), while EBITDA rose 22.5% to Rs. 143.6 crore (US $14.83 million). EBITDA margin for the year stood at 10.5%.
Performance during the fourth quarter remained particularly robust. Total income for Q4 FY ’26 grew 6.6% year-on-year to Rs. 369.3 crore (US $38.16 million), while profit after tax surged 87.1% to Rs. 9.6 crore (US $992,000). EBITDA for the quarter increased 46.1% to Rs. 46 crore (US $4.75 million).
The garment division emerged as a key growth driver during the year. Revenue from the segment rose 40% year-on-year in the fourth quarter to Rs. 96 crore (US $9.92 million), while full-year revenue reached Rs. 324 crore (US $33.48 million). Capacity utilisation in the division improved significantly from 46% to 72%.
The fabric business also delivered steady growth, with FY ’26 revenue reaching Rs. 569 crore (US $58.79 million), aided by healthy domestic demand and expansion within the company’s US customer base.
However, the yarn business continued to face operational challenges owing to labour shortages. Export dispatches to the Middle East were also impacted by ongoing geopolitical disruptions in the region.
Looking ahead, the company has outlined ambitious targets for FY ’27, projecting revenues in the range of Rs. 1,450–1,500 crore (US $149 million-US $155 million) and EBITDA margins between 10.5% and 11%. Management expects stronger momentum in the second half of the fiscal year, driven by continued growth in the garment and fabric segments.
The company also indicated that the proposed India–UK Free Trade Agreement could provide a significant boost to its export business in the coming years.
