Pearl Global Industries’ net profit rises by 5,9% to Rs 66 crore in Q1, FY26

08 August 2025, Mumbai 

India’s largest listed garment exporter, Pearl Global Industries registered fifth consecutive quarter of robust performance in Q1, FY26 as net profit (PAT) grew by 5.9 per cent Y-o-Y to Rs 66 crore.

The company’s consolidated total revenue increased by 16.6 per cent Y-o-Y to Rs 1,228 crore during the quarter. This strong growth was primarily driven by its operations in Vietnam and Indonesia, which benefited from a healthy order book and strong sales volumes.

The company’s Adjusted EBITDA increased by 13.4 per cent to Rs 114 crore, with a margin of 9.3 per cent. Excluding the initial operational costs from new facilities in Guatemala and Bihar, the adjusted EBITDA margin stood at an impressive 10.7 per cent, continuing a trend of double-digit margins.

During the quarter, the company shipped 17.2 million pieces, a testament to its operational resilience despite global economic uncertainties and trade tariffs. It also received Rs 18 crore in dividends from its subsidiaries in Bangladesh and Hong Kong.

Management highlighted the company’s strategic agility in response to the uncertain global landscape and evolving US tariff policies. In light of new tariffs on Indian garments, the company plans to recalibrate its business strategy. It will reassign production for the US market to more favorable hubs in Vietnam, Indonesia, Bangladesh, and Guatemala. Meanwhile, the Indian entity will focus on tapping into new and existing markets with favorable trade agreements, such as the UK, Japan, and Australia, ensuring continued growth and customer engagement.

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