EBITDA stood at ₹84 crore (~$9.47 million), broadly stable compared with last year, as prudent cost control and productivity gains helped offset the impact of sharing a significant portion of the US tariff burden with customers. Margin pressures also stemmed from operating deleverage in Africa and startup costs related to new units. EBITDA margin settled at 8.3 per cent, down 41 basis points YoY.
Gokaldas Exports’ Q2 FY26 total income rose 7 per cent to ₹1,003 crore (~$11.30 million), driven by strong India growth despite a sharp 23 per cent decline in Africa due to AGOA uncertainty.
EBITDA stayed flat at ₹84 crore (~$9.47 million) amid tariff-sharing.
PBT and PAT fell significantly, while H1FY26 income and EBITDA improved.
The company expects a stronger order book if AGOA is reinstated.
Profit before tax (PBT) fell 47 per cent to ₹19 crore (~$2.14 million), while profit after tax (PAT) declined 71 per cent to ₹8 crore.
On a half-yearly basis, H1 FY26 total income rose 5 per cent to ₹1,980 crore, with EBITDA improving 23 per cent to ₹202 crore.
“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,” said Sivaramakrishnan Ganapathi, vice chairman and managing director of Gokaldas Exports.
Fibre2Fashion News Desk (SG)
