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Salmon aquaculture, sports and infrastructure to drive Garware Technical Fibres FY26 growth, says CEO Shujaul Rehman
Garware Technical Fibres is aiming for 15% annual profit growth over the next five years, continuing its historical track record of doubling profits every five years, said CEO Shujaul Rehman in an interview with CNBC-TV18.
“We plan to grow at 15%, and we also want to improve our margins a little bit,” Rehman said, adding that the company’s focus remains on improving the bottom line through customer-centric innovation.
The company's EBITDA margin stood at 22.73% in Q4FY25, slightly lower than 23.90% a year ago. Rehman said margins are expected to remain in this band with a gradual uptick over time. “Our plan is to remain in the current range, but improve slightly over time,” he noted.
Rehman said the outlook for FY26 is positive, with the first two months of the fiscal already showing encouraging trends. In FY25, Garware posted 16% revenue growth and 15% profit growth, which he described as a “very good number.”
Three key segments are expected to drive growth in FY26—salmon aquaculture, geosynthetics (infrastructure business in India), and the sports division. “Salmon aquaculture continues to drive growth. Geosynthetics in the Indian market is doing well, and sports also looks positive,” Rehman said.
A major focus area for the company is its value-added product portfolio, which now accounts for 80% of total revenue—up from 40% a few years ago. Garware aims to take this figure beyond 85%, possibly even 90%, in the coming years.
Rehman also pointed to innovation in the rope segment as a key driver of future growth, both in India and globally. “The value-added rope segment is growing. That’s one action plan to improve our value-added segment,” he said.
Watch accompanying video for entire conversation.
(Edited by : Unnikrishnan)
