Mafatlal Industries reports a softer yet profitable first quarter for FY27, driven by growth in textiles and digital infrastructure, while shifting focus to higher-margin streams amid a subdued order pipeline.
Mafatlal Industries has reported a softer but still positive first quarter for FY27, with revenue from operations of ₹942.5 crore, operating EBITDA of ₹23.5 crore and profit before tax of ₹19.6 crore, according to the company’s latest results announcement. The numbers mark a step down from the stronger run seen in earlier periods, but they also show the business remained profitable as it continued to push through a portfolio reshaping effort. ICICI Direct said the group had entered the quarter with a sizeable order pipeline after a strong FY26 finish.
The latest quarter was led by Mafatlal’s textiles and related products business and its digital infrastructure arm, which together posted revenue growth of 14.6% year on year to ₹447.9 crore. The company said demand from institutional customers remained firm, while execution on major projects continued to support sales. It also said it kept trimming lower-margin consumer durables, underlining a shift towards higher-quality revenue streams. The running order book stood at about ₹890 crore, giving the company visibility on future work, although that was below the roughly ₹1,200 crore level reported at the end of Q3FY26.
That follows a year of sharp expansion. For FY26, Mafatlal said total income rose to ₹7,473.55 million from ₹3,719.44 million in FY24, while revenue from operations increased to ₹7,295.33 million from ₹3,649.71 million. EBITDA climbed to ₹3,788.29 million and net profit after tax reached ₹623.41 million, with the company citing a stronger margin profile. Stock Analysis also pointed to a steady upward trend in annual revenue over the past several years, with FY26 revenue reaching ₹38.71 billion.
Mafatlal, the flagship company of the Arvind Mafatlal Group, has long traded on its textile heritage but now operates across a broader set of businesses, including health and hygiene products as well as digital infrastructure. The company says its textile portfolio covers suiting, shirting, voiles, white fabrics and uniform textiles for schools, businesses, healthcare, manufacturing and hospitality customers in India and overseas. Earlier company updates showed how institutional orders, including large fabric and consumables contracts, had helped drive the recent growth spurt.
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