Gokaldas Exports Q1FY27 Income Rises 21% YoY to ₹1,180 Crore; EBITDA Up 17%
Gokaldas Exports' Q1FY27 consolidated total income grew 21% YoY to ₹1,180 crore. EBITDA increased 17% YoY to ₹139 crore, with margins at 11.8%. India business income rose 16% YoY, while Africa business grew 45% YoY. Management cited strong order execution and higher volumes as key growth drivers.
The announcement details significant financial performance improvements and positive outlook for a major apparel exporter, which is material for investors and the industry.
The company reported strong year-on-year growth in total income and EBITDA, along with positive commentary from the Vice Chairman and Managing Director regarding future growth prospects.
Gokaldas Exports Limited (GOKEX) announced its un-audited financial results for the quarter ended June 30, 2026 (Q1FY27). The company reported a consolidated total income of ₹1,180 crore, marking a significant 21% year-on-year (YoY) growth. This increase was driven by a 16% YoY growth in income from the India business, attributed to higher order execution and realisations, despite a 12% YoY decline in overall Indian apparel exports during the same period.
The Africa business demonstrated robust performance with a 45% YoY growth, primarily due to increased volumes following the renewal of the African Growth and Opportunity Act (AGOA).
Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) stood at ₹139 crore, a 17% YoY increase. However, EBITDA margins remained steady at 11.8%, as the benefits of operating leverage and productivity gains were offset by rising wages and other factor costs.
Profit Before Tax (PBT) was ₹63 crore, an 11% YoY increase, while Profit After Tax (PAT) reached ₹44 crore, a 7% YoY increase.
Mr. Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports, commented on the performance, stating, "Better order execution in India and higher volume in Africa led to a strong income growth in the quarter. The Company has come out of penal tariff and now enjoys parity with global peers, which allows it to compete on a level playing field for business. Focus on productivity gains and a strong order book should help growth and margins going forward."
Established in 1979, Gokaldas Exports is a major apparel manufacturer and exporter, operating over 30 production units and exporting to more than 50 countries.
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