Garment exporter crosses 100 million pieces capacity, boosts profit.
Pearl Global Industries (PGIL), India’s largest listed garment exporter, has reported its highest-ever consolidated revenue of Rs 50.25 billion for FY26, registering an 11.5 per cent year-on-year growth, supported by higher volumes and increased contribution from value-added products in overseas markets.
The company’s adjusted EBITDA (excluding ESOP expense) rose around 14 per cent to Rs 4.68 billion, with EBITDA margin improving 20 basis points to 9.3 per cent. Profit after tax (PAT) for FY26 stood at Rs 2.70 billion, up 17 per cent YoY. Adjusted EBITDA margin, excluding the reciprocal tariff impact of about Rs 360 million and incremental losses in Bihar and Guatemala of around Rs 130 million, stood at approximately 10.3 per cent.
For Q4FY26, PGIL posted its highest-ever quarterly revenue of Rs 13.14 billion, up 6.9 per cent Y-o-Y. Adjusted EBITDA grew 13.7 per cent to Rs 1.35 billion, with margin at 10.3 per cent, the highest recorded in any quarter. PAT for the quarter rose 24.6 per cent to Rs 810 million.
The company said installed capacity has crossed 100 million pieces annually, while shipments touched 78.1 million pieces in FY26. In Q4FY26 alone, shipments stood at 22 million pieces, the highest ever for a quarter.
Pulkit Seth, Vice-Chairman & Non-Executive Director, said: “In FY26, Group delivered another year of resilient performance against a complex geopolitical backdrop. Group achieved… revenue crossed Rs 50 billion mark and installed capacity surpassed 100 million pieces per annum.”
Managing Director Pallab Banerjee said: “Revenue for FY26 reached at Rs 50.25 billion, highest ever… while EBITDA reached Rs 4.68 billion.”
PGIL also announced a second interim dividend of Rs 8.5 per share, taking total FY26 dividend to Rs 14.5 per share, representing its highest-ever dividend payout ratio of about 25 per cent of group PAT.
The company’s long-term credit rating was upgraded to ICRA A+ (Stable) in 2026, reflecting improved liquidity and resiliences.