Borana Weaves Limited , a leading producer of unbleached synthetic greige fabric, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics. The company also announced the completion of its Unit 4 expansion ahead of schedule, strengthening its position in the growing domestic synthetic textiles market.

Financial Highlights

Borana Weaves achieved impressive year-on-year growth in Q2 FY26:

The company's EBITDA margin improved significantly to 22.68% in Q2 FY26, up from 16.49% in the same quarter last year, representing a substantial increase of 619 basis points. Similarly, the PAT margin expanded to 17.44%, up from 11.08% in Q2 FY25.

Unit 4 Expansion

In a significant development, Borana Weaves completed its Unit 4 expansion in October 2025, ahead of the initially projected timeline of December 2025. This expansion adds 700 high-tech water jet looms to the company's production capacity, bringing its total weaving capacity to 340 million meters per annum. The early completion of this project is expected to fuel growth and margin expansion in the coming quarters.

Sustainability Initiatives

Borana Weaves has demonstrated its commitment to sustainable practices by implementing a Zero Liquid Discharge (ZLD) sustainability project. This initiative, executed in partnership with Hojiwala Infra Ltd., enables the company to recycle 640 million liters of water annually, reinforcing its leadership in environmental sustainability within the textile industry.

Future Outlook

The company has outlined several strategic initiatives for future growth:

1. Strengthening its leadership in the synthetic greige fabric segment
2. Expanding exports by focusing on high-value synthetic fabrics
3. Exploring diversification into spinning and advanced fabrics
4. Introducing RPU-coated fabrics for jackets and technical wear
5. Expanding into technical textiles to capture premium global demand

Additionally, Borana Weaves is on track to achieve zero debt by FY26 and has approved renewable energy projects for captive use, including a 3.7 MW rooftop solar unit and a 19.8 MW hybrid solar-wind project.

The strong Q2 FY26 results and strategic expansions position Borana Weaves favorably to capitalize on the growing demand in the synthetic textiles market, both domestically and internationally. The company's focus on sustainability and technological advancements is likely to enhance its competitive edge in the evolving textile industry landscape.

Borana Weaves Limited , a prominent manufacturer of synthetic greige fabric in India, has announced the successful completion of its Unit 4 expansion ahead of schedule. The company has commenced commercial operations for 48 water jet looms at its Surat facility, bringing the total number of operational looms in Unit 4 to 348.

Expansion Highlights

• Total Capex: ₹71.35 crore, fully funded through IPO proceeds
• New Capacity: 112.75 million meters per annum (9.39 million meters per month)
• Overall Capacity: Increased to 346 million meters annually

Operational Impact

The early completion of Unit 4 marks a significant milestone for Borana Weaves. The expansion is expected to yield several benefits:

1. Enhanced Production: The addition of 348 state-of-the-art water jet looms significantly boosts the company's manufacturing capabilities.
2. Eco-Friendly Operations: The new unit employs high-speed and environmentally friendly water jet weaving looms, aligning with sustainable manufacturing practices.
3. Market Reach: The increased capacity is anticipated to strengthen Borana Weaves' presence in both domestic and international markets.
4. Product Focus: Unit 4 will specialize in manufacturing Greige cloth, reinforcing the company's integrated manufacturing strength.

Financial Implications

Rajkumar Borana, Executive Director and Chief Financial Officer of Borana Weaves, expressed optimism about the expansion's impact on the company's financial performance. He stated, "This expansion is expected to improve profitability and enhance the Company's reach across domestic and international markets."

Company Overview

Borana Weaves Limited's successful expansion underscores its commitment to growth and operational excellence in the textile industry. The company's focus on advanced technology and sustainable practices positions it well to meet the increasing demand in both domestic and global markets.

As the textile sector continues to evolve, Borana Weaves' strategic expansion could potentially strengthen its competitive position and contribute to long-term value creation for stakeholders.