Author: Aditya Pareek | EQMint | Press Release
Gokaldas Exports registered a total income of Rs. 1003 crores in Q2FY26, a growth of 7% on a YoY basis. While India operations registered a strong growth of 14% YoY against the backdrop of 2% degrowth in Indian apparel exports, the Africa operations declined by 23% year-on-year, primarily due to lower volumes resulting from delayed order placements amid uncertainty surrounding AGOA rollover. The company reported an EBIDTA of Rs. 84 crores, with flat YoY growth, after sharing a considerable portion of the US tariff burden with its key customers. Prudent cost control and productivity gains offset some of these impacts.
Key Highlights:
Commenting on the company’s Q2FY26, Mr. Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports, said, “Our performance in Q2 was modest, impacted by low volume in our Africa business due to the AGOA rollover uncertainty, while India operations remained robust. The EBITDA margins remained flat YoY due to operating deleverage at our Africa business, US tariff impact, and startup costs owing to the new business/units. Despite the tariff overhang, the Company sees a strong order book buildup in the quarters ahead for both India and its Africa business, based on a possible reinstatement of
AGOA.”
About Gokaldas Exports:
Established in 1979, Gokaldas Exports has evolved into a one-stop solution for some of the world’s most recognized apparel brands. Gokaldas Exports is one of India’s largest manufacturers and exporters of apparel, exporting to more than 50 countries, and currently has over 30+ production units that can produce
about 87 million garments annually. 53,000+ employees work together to deliver the Company’s vision of being a globally reputed apparel manufacturer and exporter, with an emphasis on innovation and
sustainability.
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Disclaimer: This article is based on information available from public sources. It has not been reported by EQMint journalists. EQMint has compiled and presented the content for informational purposes only and does not guarantee its accuracy or completeness. Readers are advised to verify details independently before relying on them.
