RSWM Reports 15% Revenue Growth in Q2 FY27; EBITDA Rises 47.1% and PAT Reaches ₹25 Crore
The textile manufacturer records total income of ₹1,332 crore for the quarter, while first-half EBITDA increases 31.4% year-on-year to ₹210 crore.
RSWM Ltd. reported improved financial performance for the second quarter of FY27, with revenue rising 15% year-on-year to ₹1,322 crore and EBITDA increasing 47.1% to ₹116 crore. Profit after tax (PAT) reached ₹25 crore, compared with ₹6 crore in the corresponding quarter last year, supported by improved operational efficiencies, product mix and cost management.
The company announced its unaudited financial results for the quarter and half year ended September 30, 2026, amid industry challenges including geopolitical tensions, supply-chain disruptions, higher energy and ocean freight costs, and rising polyester prices.
Q2 FY27 Financial Performance
RSWM recorded sales of ₹1,322.3 crore in Q2 FY27, compared with ₹1,150 crore in Q2 FY26, representing 15% year-on-year growth. Revenue also increased 13.9% quarter-on-quarter from ₹1,161.2 crore in Q1 FY27.
Total income stood at ₹1,331.8 crore, up 14.9% year-on-year and 13.8% sequentially.
EBITDA increased to ₹115.9 crore from ₹78.8 crore in Q2 FY26, registering 47.1% growth. The EBITDA margin improved to 8.7%, compared with 6.8% a year earlier, an expansion of 191 basis points.
PAT rose to ₹24.5 crore from ₹6.3 crore in the corresponding quarter last year, representing an increase of approximately 3.9 times. The PAT margin improved to 1.8%, against 0.5% in Q2 FY26.
Q2 FY27 and H1 FY27 Financial Results
All figures in ₹ crore, except margins and growth rates.
Parameter | Q2 FY27 | Q2 FY26 | YoY |
|---|---|---|---|
Sales | 1,322.3 | 1,150.0 | 15.0% |
Total Income | 1,331.8 | 1,159.1 | 14.9% |
Gross Profit | 498.4 | 445.4 | 11.9% |
Gross Profit Margin | 37.4% | 38.4% | -100 bps |
EBITDA | 115.9 | 78.8 | 47.1% |
EBITDA Margin | 8.7% | 6.8% | +191 bps |
PAT | 24.5 | 6.3 | 3.9x |
PAT Margin | 1.8% | 0.5% | +130 bps |
H1 FY27: Total Income Reaches ₹2,502 Crore
For the first half of FY27, RSWM reported total income of ₹2,501.9 crore, compared with ₹2,339.8 crore in H1 FY26, an increase of 6.9%.
EBITDA grew 31.4% to ₹210 crore from ₹159.8 crore, while the EBITDA margin expanded to 8.4% from 6.8%.
PAT increased approximately 3.1 times to ₹41.3 crore, compared with ₹13.2 crore in the corresponding period last year. The PAT margin improved to 1.6% from 0.6%.
Management Commentary
Commenting on the quarterly performance, Riju Jhunjhunwala, Chairman and Managing Director, RSWM Limited, said:
“The progress achieved during Q2 FY27 reflects the positive impact of our efforts to enhance business performance. Growth in topline, alongside improvements in profitability and margins, demonstrates the benefits of measures introduced under our RSWM 2.0 initiative. Going forward, we aim to build on this progress by strengthening capabilities, improving productivity and expanding our presence in value-added segments to meet evolving customer expectations.
Sustainability and responsible manufacturing remain central to our business philosophy. Our initiatives focus on energy efficiency, water conservation, emission reduction and increased use of recycled and sustainable materials. We also prioritise employee well-being, community development, ethical conduct and responsible resource management.
RSWM received an ICRA ESG Impact Rating of 70, classified as 'Good'. We remain committed to balancing business growth with environmental and social responsibilities while creating long-term value for stakeholders.”
Rajeev Gupta, Joint Managing Director, RSWM Limited, said the first half of FY27 was shaped by geopolitical developments, supply-chain realignments, volatile input costs and uncertain export conditions.
“The first half of FY27 unfolded amid significant changes in the textile business environment, with geopolitical developments, supply chain realignments, volatile input costs and uncertain export conditions influencing the industry. Against this backdrop, RSWM recorded total income of ₹2,502 crore, EBITDA of ₹210 crore, an EBITDA margin of 8.4% and profit after tax of ₹41 crore. These results reflect the contribution of our diversified business operations and the collective efforts of our teams across the organisation.
An important development during the period was our partnership with Spain-based NDS9 through LNJ NDS9 Global Private Limited. This venture marks a strategic extension of RSWM's denim business into finished garments, combining our manufacturing infrastructure with NDS9's strengths in design and marketing. Going forward, our focus will remain on strengthening business capabilities, broadening product offerings and adapting to the evolving needs of the textile market.”
Expansion Across the Textile Value Chain
RSWM's next phase of growth will focus on strengthening its presence across the textile value chain and expanding into emerging opportunities.
Its subsidiary, LNJ GreenPet Private Limited, forms part of the company's sustainability-led growth plans. The joint venture with Spain-based NDS9, established through LNJ NDS9 Global Private Limited, represents an expansion of RSWM's denim business into finished garments.
The partnership combines RSWM's manufacturing infrastructure with NDS9's design and marketing capabilities. It is intended to broaden the company's product portfolio and address changing market requirements.