Garware Hi-Tech Films Limited has announced a temporary shutdown of its manufacturing facilities at Waluj, Chhatrapati Sambhajinagar for planned maintenance activities. The company informed stock exchanges about the scheduled maintenance work through a regulatory filing under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Shutdown Details

The maintenance shutdown will affect multiple production lines at the company's Waluj facility with varying durations starting from December 16, 2025:

Purpose and Location

The temporary shutdown is being undertaken to carry out essential maintenance tasks to ensure efficient operations and safety at the Waluj plant facility. All affected production lines are situated at the company's Waluj facility in Chhatrapati Sambhajinagar.

Regulatory Compliance

The company has duly informed both BSE Limited and National Stock Exchange of India Limited about the planned maintenance shutdown. Garware Hi-Tech Films trades on BSE with scrip code 500655 and on NSE with the trading symbol GRWRHITECH. The notification was signed by Company Secretary Awaneesh Srivastava and submitted to ensure compliance with regulatory disclosure requirements.

The maintenance activities represent part of the company's regular operational procedures to maintain production efficiency and workplace safety standards at its manufacturing facilities.

Garware Hi-Tech Films Limited , a leading manufacturer of specialty films, has demonstrated resilience in the face of significant tariff pressures, reporting a 15% quarter-on-quarter revenue growth to INR 569.70 crores in its latest financial results. The company managed to maintain strong EBITDA margins of 23.4% despite facing up to 50% additional US tariffs, which impacted year-on-year performance with an 8.2% decline.

Navigating Tariff Challenges

The company has been grappling with the impact of increased US tariffs, which rose by up to 50% across all product categories. Deepak Joshi, Director of Sales and Marketing, explained the company's strategy: "We are managing in a way like, whatever our customers can absorb, we are passing on to them, and the balance we are absorbing. Our aim is not to lose any customer because we have a very strong customer base in the US market."

Product Segment Performance

Garware Hi-Tech Films saw significant shifts in its product mix during the quarter:

The company reported strong growth in its architectural film business, particularly in the Middle East and Indian markets, supported by focused marketing initiatives and the launch of premium products.

Capacity Expansion and Future Outlook

A key milestone for the quarter was the doubling of Paint Protection Films capacity to 600 LSF, which is expected to enhance manufacturing efficiency and unlock additional capacity for future growth. The company is also on track with its TPU manufacturing line, primarily for backward integration of PPF, scheduled for commissioning by October 2027.

Strategic Initiatives

Garware Hi-Tech Films is deepening its domestic and direct-to-customer presence through two strategic platforms:

1. Garware Home Solutions: A high-margin D2C vertical aimed at capturing the growing demand for premium architectural films in India.
2. Garware Application Studios: A direct-to-consumer platform for premium paint protection and glazing film, expected to cross 300+ studios by the end of FY '26.

Financial Position

The company maintains a strong financial foundation with a debt-free status and a robust cash and liquid investment balance of INR 697.00 crores as of September 30, 2025. This liquidity provides ample headroom for ongoing strategic capital expenditures and future innovation initiatives.

Looking Ahead

Despite short-term headwinds, Garware Hi-Tech Films remains focused on:

• Strengthening backward integration
• Accelerating innovation
• Expanding global reach
• Enhancing B2C presence
• Deepening domestic market penetration

The management expects these initiatives to deliver sustainable and profitable growth, even in challenging market conditions.

Deepak Joshi concluded, "GHFL continues to innovate while continuously improving operational efficiency and expanding its leadership across product segments. Our multi-segment presence spanning automotive, architectural, industrial, and specialty films provides a natural hedge against sectoral cyclicality and enhances earnings stability."

As Garware Hi-Tech Films navigates through these challenging times, its strategic focus and operational agility position it well to capitalize on future growth opportunities in the specialty films market.