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Varvee Global share price & results

VARVEE GLOBAL LIMITED· Textiles· Consumer Discretionary

Results to
Sept 2026
Latest analysed call
Q2 FY26
Ownership as of
Sept 2026

Ahmedabad-based vertically integrated textile manufacturer of denim and non-denim (shirting, suiting) fabrics, operating from its Narol facility.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue19.6 ₹ crore−29.5% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin14.5 %−35.2 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit6.8 ₹ crore−33.5% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity-29.13 %+89.5 ptsFY Mar 2026 vs FY Mar 2023Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin71.33 %+51.1 ptsFY Mar 2026 vs FY Mar 2023Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)55.67 %+100.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

7 targets tracked, none judged yet · 7 open · verdicts reflect calls analysed to Q2 FY26.

VARVEE GLOBAL LIMITED management guidance track record on Inve: 7 targets tracked across analysed earnings calls (0 achieved, 0 missed, 7 open).

TargetOriginal wordingSaidLatest callVerdict
Non-denim production capacity30 lakh meters per month from January onwards
Call transcript, Q2 FY26 · 18 Dec 2025		Q2 FY26Q2 FY26:Target set for January 2026 ramp-up.
Call transcript, Q2 FY26 · 18 Dec 2025		New

Source: Inve Guidance Tracker for VARVEE GLOBAL LIMITED · to Q2 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

7 of VARVEE GLOBAL LIMITED's 7 targets are still open. See which are on track and which have gone quiet. The 1 above are the free sample; 6 more targets are in the full ledger.

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Price

₹54.84 +9.61% · +₹4.81

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −17.0% 1Y

₹60₹80₹100₹120Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 18 Dec 2025

1Y: ₹66.11 on 24 Oct 2025 → ₹54.84. High ₹128.09 (27 Feb 2026), low ₹47 (30 Mar 2026).

Previous close
₹50.03
Market cap
₹276 Cr
52-week range
₹47 – ₹128.09
One year
−12.73%
Price to earnings (FY ending Mar 2026)
27.60×
Return on equity (TTM to Sept 2026)
-29.13%

Overview

Symbol
NSE:VGL
Sector
Textiles
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What VARVEE GLOBAL LIMITED does

Based on the company's own presentations, annual report and earnings calls.

Varvee Global Limited (formerly Aarvee Denims and Exports Limited) runs an end-to-end vertically integrated textile manufacturing operation at its Narol facility in Ahmedabad, Gujarat, covering yarn warping, sizing, dyeing, weaving and finishing of both denim and non-denim fabrics. The company is repositioning its product mix away from core denim toward higher-value non-denim shirting and suiting fabrics. It currently operates largely on a job-work model, processing yarn supplied by customers into finished fabric for a conversion fee.

Segments

  • Denim fabric
  • Non-denim fabric (shirting & suiting)
Manufacturing facility
1 (sole hub) — Narol, Ahmedabad, Gujarat
Facility area
52,000 sq. yards
Denim fabric capacity
35 lakh metres/month
Non-denim fabric capacity
18 lakh metres/month (up from 12 lakh, Jan 2026)
Non-denim line utilization
~90%
Workforce (post-restructuring)
200+ executive staff; 2,000+ contract labour
Founded 1988Headquarters Ahmedabad, Gujarat, India Company website

How the price took the results

close before → close after

Q2 FY26
−4.3%
18 Dec

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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