BANSWRAS Q2 FY27 Guidance vs Delivery (BANSWRAS Management Mirror)

FY27 EBITDA Margin Guidance Reaffirmed at 10.5%-11.0% in Sep'26 Qtr

In Sep'26 Qtr, reported actuals from Quarterly Financial Results showed revenue of INR 354.87 crores and an EBITDA margin of 9.0%, while the concall reported Q2 FY27 total income at INR 358.4 crores with an EBITDA margin expanding to 10.2%. For the full year FY27, management had initially guided an EBITDA margin of 10.5% to 11.0% in the Mar'26 Qtr, which was then revised to an average target of 12% in the Jun'26 Qtr. In the Sep'26 Qtr, management reaffirmed its FY27 guidance, targeting an overall EBITDA margin of 10.5% to 11.0%. Going forward, H2 FY27 performance is expected to be supported by seasonal strength, healthy order books in garments and fabrics, ongoing debottlenecking, and increased pass-through of raw material cost inflation.