Revenue up 9 per cent to Rs 1,313 crore; company announces Rs 250 crore capex and Rs 6 interim dividend
Apparel makers of Zara and Gap, Pearl Global Industries or PGIL, reported a 29.4 per cent rise in consolidated net profit for the September quarter (Q2FY26) to Rs 72 crore, driven by higher margins and steady demand.
Consolidated revenue rose 9.2 per cent year-on-year to Rs 1,313 crore, while adjusted Ebitda, excluding ESOP expenses, increased 23.6 per cent to Rs 122 crore, with margins improving 108 basis points to 9.3 per cent. Excluding tariff costs and start-up losses at new facilities in Guatemala and Bihar, Ebitda margins stood at 10.1 per cent.
On a standalone basis, revenue was Rs 264 crore, with adjusted Ebitda at Rs 11 crore and a 4.0 per cent margin. Net profit rose to Rs 15 crore, compared with Rs 12 crore a year earlier.
PGIL declared an interim dividend of Rs 6 per share and outlined a capex plan of Rs 250 crore for FY26, including Rs 110 crore for expansion in Bangladesh, Rs 20 crore in India, Rs 90 crore for sustainable laundry capacity, Rs 5 crore for solar power, and Rs 25 crore for efficiency improvements.
Vice-Chairman Pulkit Seth said the results highlight the company’s “diversified, multi-country manufacturing model” and focus on “sustainable, profitable growth” despite global headwinds.
Managing Director Pallab Banerjee added that performance was supported by growth in Vietnam and Indonesia and a reduced dependence on the U.S. market. “The U.S. now contributes about 50% of group revenue, down from 86 per cent in FY21, as we expand across Australia, Japan, the UK, and the EU,” he said.
Founded in 1987, Pearl Global manufactures garments across India, Bangladesh, Vietnam, Indonesia, and Guatemala, supplying to brands including Ralph Lauren, Primark, Target, and Muji.
