Pearl Global Industries Limited Q4 & FY26 Earnings Call Transcript Released
Pearl Global Industries Limited reported FY26 consolidated revenue of ₹5,025 crore, up 11.5%, and PAT of ₹270 crore, up 17%. Q4 FY26 revenue was ₹1,314 crore, up 6.9%. The company declared a total dividend of ₹14.50 per share for FY26. Installed capacity reached 101 million pieces. Credit ratings were upgraded to A+ stable (long-term) and A1+ (short-term). Management targets over ₹6,000 crore revenue by FY28 with a 12-14% CAGR.
The announcement includes detailed financial results, significant capacity expansions, strategic updates on international operations, credit rating upgrades, and forward-looking guidance, all of which are material for investors.
The company reported strong financial results with increased revenue and profit, sustained growth momentum, capacity expansion, and credit rating upgrades. Management expressed confidence in future growth and profitability.
Pearl Global Industries Limited (PGIL) has released the transcript of its conference call held on May 15, 2026, to discuss the company's audited financial results for the Quarter and Year ended March 31, 2026.
The call featured insights from Managing Director Mr. Pallab Banerjee and Group CFO Mr. Sanjay Gandhi. Mr. Banerjee highlighted that the company sustained its growth momentum in top and bottom lines despite a challenging macro environment, crossing ₹5,000 crores in revenue for FY26, with EBITDA at ₹468 crores (9.3% margin). He noted that excluding incremental losses and tariff costs, the EBITDA margin stood at 10.3%. Installed capacity reached 101 million pieces per annum, putting the company on track for its FY28 vision.
The discussion also covered the impact of U.S. tariffs on Indian garments, which were initially high but later reduced. The company expects renewed growth in Indian operations from FY27 due to the removal of U.S. tariffs and FTAs with the UK and EU. Updates were provided on operations in Bangladesh (capex completion by H1 2027, adding 6 million pieces), Indonesia (capacity utilization at 47%), and Vietnam (capacity utilization at 80%+ with plans for additional capacity).
Financially, FY26 consolidated revenue grew to ₹5,025 crores (up 11.5%), with PAT at ₹270 crores (up 17%). Q4 FY26 saw revenue of ₹1,314 crores (up 6.9%) and PAT at ₹81 crores (up 24.6%). Standalone revenue for FY26 was ₹1,081 crores, with PAT at ₹69 crores. The company declared a second interim dividend of ₹8.50 per share, making the total dividend for FY26 ₹14.50 per share (290% of face value), representing 25% of group PAT. Credit ratings were upgraded to A+ stable for long-term and A1+ for short-term.
Capex planning for FY27 includes ₹200-250 crores. The company is acquiring an additional 10% stake in PT Pinnacle Apparels Indonesia for $1.4 million and is in the advanced stages of purchasing land in Vietnam for $2.5-3 million.
Management expressed confidence in maintaining a 10% EBITDA margin for FY27 and expects to achieve a revenue target of over ₹6,000 crores by FY28, with a projected CAGR of 12-14%.
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