RSWM Ltd., one of India’s leading manufacturers of value-added synthetic, mélange, cotton and blended yarns, denim fabric, knitted fabric and green polyester fibre, today announced its unaudited financial results for Q3 and 9M FY26, ended 31st December 2025. Despite moderated volumes during the quarter, the Company delivered strong margin expansion and sustained profitability, reflecting disciplined execution, an improved product mix and focused cost management.
Key Financial Highlights:
• Revenue: The Company reported revenue of ₹1,093 Cr in Q3 FY26, compared to
• ₹1,150 Cr in Q2 FY26, reflecting softer demand conditions during the quarter. For the nine months ended FY26, revenue stood at ₹3,412 Cr, compared to ₹3,569 Cr in the corresponding period last year.
• Gross profit: Gross profit for Q3 FY26 increased to ₹434 Cr, with gross margins improving to 39.2%, up 78 bps QoQ and 310 bps YoY. The improvement was driven by a favourable product mix and enhanced operating efficiencies. For 9M FY26, gross profit rose to ₹1,319 Cr, with margins expanding by 217 bps YoY to 38.3%.
• EBITDA: EBITDA for Q3 FY26 stood at ₹82 Cr, registering a 41.7% YoY growth, while EBITDA margin improved to 7.4%, an expansion of 260 bps YoY. For 9M FY26, EBITDA increased to ₹242 Cr from ₹154 Cr in the corresponding period last year, with margins improving to 7.0%.
• PAT: Profit after tax for Q3 FY26 was ₹4 Cr, remaining positive despite a one-time exceptional labour-related service cost incurred during the quarter. For 9M FY26, PAT improved significantly to ₹17 Cr, marking a turnaround from a loss in 9M FY25.
Commenting on the results, Mr. Riju Jhunjhunwala, Chairman & Managing Director and CEO, RSWM Limited, said, “RSWM’s FY26 performance highlights strong execution capabilities and operational resilience in an otherwise challenging global textile environment. Despite uneven demand trends, geopolitical pressures and cautious sourcing behaviour, the Company has maintained strategic clarity and disciplined execution. Its continued focus on differentiated offerings, manufacturing efficiency and prudent cost governance signals a conscious shift toward improving the quality of earnings, enhancing predictability and reducing exposure to cyclical volatility.
The India–EU Free Trade Agreement represents a structural positive for Indian textile and apparel exporters, particularly given Europe’s high import dependence. While tariff reductions improve competitiveness across yarn, fabric and apparel segments, the requirement to comply with stringent EU norms on sustainability, traceability and labour standards raises the competitive threshold. This is likely to favour organised, integrated and scale-driven players, positioning RSWM to gain relative advantage as smaller or less-prepared players face higher compliance barriers.
From a strategic standpoint, RSWM’s emphasis on circularity, renewable energy adoption and responsible resource management underscores a long-term, sustainability-led growth approach. The Company’s focus on financial prudence, customer engagement and value-added products reflects a balanced strategy aimed at building durable competitiveness while preparing for the next phase of growth, thereby strengthening long-term stakeholder value creation.”
