Gokaldas Exports Reports 9% Revenue Growth in Q4 Amid Trade Challenges
Gokaldas Exports posts 9% sequential rise in Q4 revenue
Image: The Economic Times
Gokaldas Exports achieved a net profit of ₹36 crore for Q4 FY26, a 146% increase from the previous quarter, despite a year-on-year decline. Total income rose 9% sequentially to ₹1,087 crore, driven by recovery in Africa and steady performance in India, amidst challenges from US trade policies.
- 01Net profit increased to ₹36 crore in Q4 FY26, up from ₹15 crore in Q3 FY26, but down from ₹53 crore in Q4 FY25.
- 02Consolidated total income for Q4 FY26 was ₹1,087 crore, a 9% increase from ₹998 crore in Q3 FY26.
- 03EBITDA rose 40% sequentially to ₹135 crore, although it declined 5% year-on-year from ₹142 crore in Q4 FY25.
- 04India operations grew 2% year-on-year, while apparel exports from India saw a 10% decline due to tariff issues.
- 05Africa operations experienced a 17% year-on-year growth, aided by renewed AGOA benefits.
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Gokaldas Exports reported a net profit of ₹36 crore for the quarter ending March 31, 2026 (Q4 FY26), reflecting a 146% sequential increase from ₹15 crore in the previous quarter, although it was lower than the ₹53 crore reported in Q4 FY25. The company's consolidated total income rose 9% quarter-on-quarter to ₹1,087 crore, supported by a recovery in its Africa operations and steady performance in India, despite facing tariff disruptions. Year-on-year, total income grew 5%, compared to ₹1,035 crore in Q4 FY25. The apparel export sector has been adjusting to changes in US trade policy, particularly following the April 2025 announcement of reciprocal tariffs by US President Donald Trump, which created uncertainty in global supply chains. Sivaramakrishnan Ganapathi, vice chairman and managing director, noted that strong customer relationships and effective execution enabled the company to perform well amid these challenges. Operating performance improved, with EBITDA increasing by 40% sequentially to ₹135 crore, though it declined 5% year-on-year. For FY26, total income rose 4% to ₹4,065 crore, while EBITDA grew 2% to ₹434 crore.
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The growth in Gokaldas Exports' revenue and profit indicates a positive trend for the apparel export sector, which may lead to job stability and potential hiring in the industry.
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