Varvee Global Limited · NSE:VGL
Varvee Global — Q4 FY26 Earnings Presentation
26 slides from Varvee Global's earnings presentation, May 28, 2026
Slide 1: Exchange cover letter for investors' presentation
Date:28th May,2026 To, The Manager (Listing) The Manager (Listing) The National Stock Exchange of India Ltd The BSE Limited. “Exchange Plaza” PhirozeJeejeebhoy Towers, Bandra-Kurla Complex Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Company Code: 514274 (BSE) Company Code: VGL (NSE) Sub.: Invest
Slide 2: Investor Briefing Q4 & FY26
INVESTOR BRIEFING Q4 & FY26 Body
Slide 3: Table of Contents
TABLE Body OF CONTENTS 01-4 05-09 10-13 Section 1: Section 2: Section 3: AT A BUSINESS OUR VISION GLANCE SEGMENTS & CAPACITY Safe Harbour Statement REPOSITIONING This presentation may contain forward‑looking statements, which are based on currently available information, operating plans and future e
Slide 4: 1a. At a Glance
1a. AT A GLANCE Body Repositioned Integrated Textile Manufacturer, Anchored by a Clean Balance Sheet. Varvee Global Limited (formerly AARVEE Denims and Exports Limited) is an integrated textile manufacturer specializing in denim, non- denim, shirting, and suiting fabrics, operating primarily from it
Slide 5: 1b. Investment Rationale: The Turnaround Thesis
1b. Investment Rationale: Body THE TURNAROUND THESIS High-Potential Asset Base Combined with Financial and Management Reset. Pillar Evidence Key Takeaway Debt-Free Advantage: Bank debt fully Superior Conversion: Expectation repaid as of June 3, 2025. This removes the of highly efficient EBITDA-to-PA
Slide 6: 1c. Financial Performance Snapshot
1c. Financial Performance Snpashot Body FORTIFIED BALANCE SHEET Financial Cost Moats (Quality of Earnings) DRIVING HIGH EBITDA-TO-PAT In a major institutional milestone, India Ratings and Research assigned an ‘IND BB/Positive’ issuer rating to VGL on January 28, 2026. CONVERSION. This follows the wi
Slide 7: 1d. Timeline & Key Inflection Points
1d.TIMELINE & KEY INFLECTION POINTS Rapid Execution of Turnaround Strategy (Q4 FY25 – Q3 FY26). Milestone / Event Significance Share Purchase Agreement (SPA) Formalizes acquisition by Mr. Jaimin Kailash Sep 5, 2024 Executed Gupta and PACs. Clean slate established, removing 3 Jun 2025 Achieved Bank D
Slide 8: Section 2: Business Segments & Capacity Repositioning
Section 2: BUSINESS SEGMENTS & CAPACITY INTEGRATED REPOSITIONING 2a. MANUFACTURING CAPABILITY OVERVIEW OF PRODUCT PORTFOLIO On January 5, 2026, we announced a 50% 2b. AND CAPABILITIES increase in production capacity for Non-Denim fabrics: STRATEGIC CAPACITY & 12 lakh to 18 lakh meters 2c. PRODUCT MI
Slide 9: 2a. Business Segments & Capacity Repositioning
2a. Business Segments & Capacity Body Repositioning A B C INTEGRATED MANUFACTURING OVERVIEW OF PRODUCT STRATEGIC CAPACITY & CAPABILITY PORTFOLIO AND PRODUCT MIX SHIFT CAPABILITIES Centralized Physical Footprint (The Narol Unit) Varvee operates an end-to-end, vertically integrated platform at the VAR
Slide 10: 2b. Overview of Product Portfolio & Capabilities
2b. Overview of Product Body Portfolio & Capabilities Denim Product Differentiation The company offers a detailed denim portfolio, including: • Satin Denims • High Fashion Denims • Flat Finish Denims • Denims incorporating LYCRA dualFX Technology Non-Denim Product Specifics The non-denim range inclu
Slide 11: 2c. Capital Reallocation Strategy
2c.Capital Realloaction Strategy Utilization / New Target Capacity Fabric Type Annual Capacity Focus Goal Capacity being 35 lakh metres per Reduced reliance on Denim Fabric diverted to non- month core denim denim production Targeted expansion to 50 lakh metres 18 lakh metres per Room for further Non
Slide 12: 2d. Manufacturing & Technology Fortress
2d. Manufacturing & Technology Fortress OPERATIONAL The Narol unit forms the sharpened manufacturing footprint utilized by the new management. EFFICIENCY DRIVEN • Integrated Workflow: In-house capabilities from raw BY VERTICAL yarn to finished fabric streamline the supply chain. INTEGRATION AND • Co
Slide 13: Section 3: Our Vision
Section 3: Our Vision 3a. BOARD OF DIRECTORS 3b. MANAGEMENT’S COMMENTARY +211.7% +47.9% 3c. BLURPRINT FOR NEXT- DECADE VALUE REVENUE FROM R E V E N U E F RO M OPERATIONS O P E R AT I O N S GROWTH FOR G ROW T H FO R Q4 FY26 FY26 CREATION 10-13
Slide 14: 3a. Board of Directors
3a. BOARD OF DIRECTORS Body Mr. Kandarp Independent Director (resigned w.e.f. 2nd of March 2026) Practicing Chartered Accountant and certified Mr. Jaimin Gupta Information Auditor with 20 years’ experience. Chairman & Managing Director Specializes in debt financing, investment planning, and governan
Slide 15: 3b. Our Vision
3b. Our Vision Body "“FY26 was an important year in Varvee Global’s transition, marked by strong revenue growth, improved gross profit, positive full-year EBITDA and a healthier balance sheet. Our shift towards higher-value non- denim shirtings and suitings is reflected in the improvement in gross m
Slide 16: 3c. Blueprint for Next-Decade Value Creation
3c. Blueprint for Body Next-Decade Value Creation Strategic Lever Action Plan Value Catalyst Diversify aggressively into Lifts blended margins and Product Portfolio value-added shirting and provides resilience against suiting fabrics. denim market fluctuations. Captures opportunities in Focus on exp
Slide 17: Section 4: Market Opportunity (TAM) & Demand Flywheels
Body 4a MARKET OPPORTUNITY & EXPORT TAILWINDS (TAM) 4b STRUCTURAL DEMAND FLYWHEELS Section 4: Market Opportunity (TAM) & Demand Flywheels 4c STRATEGIC IMPLICATIONS FOR VARVEE GLOBAL LTD. 14-18
Slide 18: 4a. Market Opportunity & Export Tailwinds (TAM)
4a. Market Opportunity & Body Export Tailwinds (TAM) Total Addressable Market (TAM) Overview Metric Value / Forecast Period / CAGR USD 146.55 billion (IMARC / Indian Textile Market Size (2024-2027) GrandViewResearch range: 2024-2027 USD 146–222 billion) USD 213.5 billion Indian Textile Market (Conse
Slide 19: 4b. Structural Demand Flywheels
4b. Structural Demand Flywheels Body 1. China Plus One Advantage Global sourcing diversification continues to shift textile volumes toward India, supported by cost efficiency, ESG compliance, and technical capability, particularly in shirting and suiting categories, where Varvee Global is scaling pr
Slide 20: 4c. Strategic Implications for Varvee Global Ltd.
4c. Strategic Body Implications for Varvee Global LTD. Diversification Beyond Denim: Strategic capacity shift toward shirting & suiting to capture incremental demand and reduce seasonal volatility. Export-Ready Cost Structure: India’s tariff-free access to the UK and cost competitiveness in the EU a
Slide 21: Section 5: Quarterly Updates
Section 5: Quarterly updates 5a QUARTERLY FINANCIAL HIGHLIGHTS In FY26, Varvee Global transitioned from restructuring-led recovery to operating stability, with Revenue from Operations growing 47.9% YoY to ₹6,279.95 lakh, 5b PROFIT & LOSS supported by a sharper shift towards higher-value non- STATEME
Slide 22: 5a. Q4 & FY2026 Standalone Financial Highlights
5a. Q4 & FY2026 STANDALONE FINANCIAL HIGHLIGHTS Body Gross margin reset firmly established: Q4 gross margin expanded by 49645 basis points to 32.46% (FY26: up 16,843 basis points to 65.11%), driven by a sharp reduction in COGS, improved realisations, and a richer product mix relative to the prior-ye
Slide 23: 5b. Q4FY26 Standalone Profit & Loss Statement
5b. Q4FY26 Standalone Profit & Loss Statement Body (Figures in Rs. Millions) Particulars Q4FY25 Q4FY26 YOY Revenue From Operation 75.03 233.84 2.117 COGS 423.16 157.94 -0.627 Gross Profit -348.13 75.91 -1.218 Gross Margin % -4.64 0.325 49646 bps Employee Expenses -7.07 12.78 2.808 Other Expenses 175
Slide 24: 5bi. FY2026 Standalone Profit & Loss Statement
5bi. FY2026 Standalone Profit & Loss Statement Body (Figures in Rs. Millions) Particulars FY25 FY26 YOY Revenue From Operation 424.53 628 47.90% COGS 863.16 219.09 -74.60% Gross Profit -438.63 408.91 -193.20% Gross Margin % -1.033 0.651 16843 bps Employee Expenses 52.89 43.55 -17.70% Other Expenses
Slide 25: 5bii. Standalone Balance Sheet
5bii. Standalone Balance Sheet (Figures in Rs. Millions) Body Particulars FY26 FY25 Particulars FY26 FY25 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant and Equipment 431.42 682.18 Equity Share Capital 257.64 234.6 Intangible Assets 0.06 0.12 Other Equity 512.47 122.82 Capit
Slide 26: Thank You
Connect with us at: Company Secretary cs@varveeglobal.com Shankhini Saha - Investor Relations varvee@dickensonworld.com thank you