Gokaldas Exports Reports 7% Growth In Q2

Gokaldas Exports Limited has reported a consolidated total income of  Rs 1,003 crore for the second quarter of FY26, registering a 7% year-on-year increase. The company’s performance was supported by strong growth in its India operations, which rose 14% YoY, outperforming the overall apparel export sector that witnessed a 2% decline during the quarter. However, the company’s Africa operations declined 23% YoY, impacted by lower order volumes amid continued uncertainty over the rollover of the African Growth and Opportunity Act (AGOA).

Despite these headwinds, Gokaldas Exports maintained a steady operating performance with an EBITDA of Rs 84 crore, broadly flat year-on-year, as it shared part of the U.S. tariff burden with its key customers. Prudent cost management and productivity gains helped mitigate the adverse impact of tariffs and lower African volumes.

For Q2 FY26, the company reported an EBITDA margin of 8.3%, compared to 8.7% in the same period last year. Profit before tax (PBT) stood at Rs 19 crore, while profit after tax (PAT) was Rs 8 crore, reflecting the near-term pressures arising from global trade uncertainties and startup costs associated with new units.

Commenting on the performance, Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports, said that the quarter’s results reflected a modest performance constrained by the AGOA-related uncertainty and tariff challenges. “Our India operations continued to perform well, while the Africa business was impacted by delayed orders. EBITDA margins remained flat YoY due to operating deleverage in Africa, the U.S. tariff impact and startup costs from new units. Despite these near-term challenges, we see a strong order book buildup for the coming quarters across both India and Africa, supported by a possible reinstatement of AGOA,” he added.