From Turnaround to Takeoff: Mafatlal Industries Delivers Breakout FY26
~ Revenue grows 37.9% YoY to ₹3,870 Cr; PBT up 29.8% with improved capital discipline and lower debt
Chennai: Mafatlal Industries Limited, a century-old leading name in Indian
textiles, announced its financial results for the year ended March 31, 2026, posting its
strongest-ever annual performance. The company reported INR 3,870.4 crore in revenue,
driven by execution in the textile and related, consumer durables, segments.
For FY26, revenue from operations grew 37.9% YoY, led by strong execution of institutional
orders, increased demand across uniform categories, and focus on deepening the uniform
solutions. The company’s operating EBITDA also saw 33.9% YoY growth, reflecting
improved operational efficiency.
During FY26, the company clocked a healthy improvement in operational profitability, as
operating EBITDA growth outpaced / aligned with total EBITDA growth, driven primarily by
operations rather than non-recurring income sources.
The company’s Textile and Related Products and Digital infrastructure segments
continued to be key growth drivers, supported by large-scale orders across states, such as:
• Textile and related products contributing ~66.2% of annual EBIT, reflecting a shift
towards higher-margin uniform business
• Expansion in digital infrastructure through education-led institutional projects
• Robust order book of approximately INR 775 crore, providing strong revenue visibility
• Aligned with its cost optimization strategy and initiatives towards green energy, the
Company commenced installation of a 4 MWp solar power plant at its Nadiad unit
for captive use
Board of Directors declared and paid an Interim Dividend of INR 1.25 per share for FY26. (i.e.
62.5% on the face value of INR 2). Further, the Board of Directors have recommended a Final
Dividend of INR 1.25 per share (i.e. 62.5% on the face value of Rs. 2), for the financial year
ended March 31, 2026, subject to approval of shareholders in the ensuing Annual General
Meeting
As of March 31, 2026, the company’s gross debt was INR 60.8 crore, of which long-term
debt was INR 33.1 crore. The company continues to maintain a healthy balance sheet.
Commenting on the performance, Mr. Priyavrata Mafatlal, Vice-Chairman of the Arvind
Mafatlal Group & Managing Director of Mafatlal Industries Limited said: “FY26 has been
a strong year for the company, with growth driven by our Institutional and Uniforms
businesses and steady demand across textile categories.
We have focused on execution, improving our product mix, and maintaining cost discipline.
With a healthy order book and stable demand visibility, we are well positioned to sustain this
momentum in the coming year.”
About Mafatlal Industries Limited:
Mafatlal Industries Limited, the flagship company of the Arvind Mafatlal Group, stands as
one of India’s most enduring and trusted names in textiles, with a legacy spanning over 121
years.
As a pioneer in innovation and quality, Mafatlal’s portfolio today covers an extensive range
of suiting, shirting, voiles, white fabrics, and specialized uniform textiles catering to schools,
corporates, healthcare, manufacturing, and hospitality sectors across India and overseas.
Expanding beyond its textile leadership, the company’s Health & Hygiene division
manufactures a diversified range of adult and baby care products, feminine hygiene
essentials, and medical disposables, strengthening its presence in the consumer and
institutional segments.
Building on its legacy of innovation and excellence, Mafatlal has strategically diversified into
Digital Infrastructure and Consumer Durables, reflecting its forward-looking approach and
commitment to national growth priorities. With an unwavering focus on quality, reliability,
and trust, Mafatlal Industries continues to evolve, blending heritage with modernity to meet
India’s dynamic institutional and consumer needs.
About Arvind Mafatlal Group:
Arvind Mafatlal Group is a multi-sector Indian business group operating across textiles,
chemicals, education, IT services, and health and hygiene. The Group includes Mafatlal
Industries, NOCIL Limited, Get Set Learn and Vrata Tech Solutions. Founded in 1905, the
Group has operations in India and the Middle East, serving institutional, industrial, and
consumer markets. Mafatlal Industries manufactures textile fabrics for uniforms, retail, and
institutional use. NOCIL is India’s largest manufacturer of rubber chemicals, supplying to
global tyre and rubber goods manufacturers. Get Set Learn is a digital learning platform for
students and schools, while Vrata Tech offers IT & infrastructure services.
The Group operates through a family-owned structure, and its companies are active across
B2B & B2C segments. Through its businesses and the family office, the Group further
supports multiple philanthropic & sustainability initiatives.
