For the quarter ended June 30, 2026, the company posted consolidated revenue of ₹1,528 crore (~$160.6 million), up 24.5 per cent year on year (YoY). Adjusted EBITDA, excluding Employee Stock Option Plan (ESOP) expenses, increased 44.1 per cent YoY to ₹164 crore (~ $17.2 million), while the EBITDA margin expanded by 140 basis points (bps) to a record 10.7 per cent.
Pearl Global Industries posted record Q1 FY27 results, with consolidated revenue rising 24.5 per cent year on year to ₹1,528 crore (~$160.6 million).
EBITDA went up 44.1 per cent and PAT increased 51.4 per cent.
Record garment shipments, expanding margins, capacity additions and diversified manufacturing across five countries supported growth despite geopolitical uncertainties.
“The global business environment continues to evolve, shaped by geopolitical developments, shifting trade dynamics and changing supply chain priorities,” said Dr Deepak Kumar Seth, chairman and non-executive director of Peral Global.
He said the company’s first-quarter performance reflected the strength of its diversified manufacturing platform, disciplined execution and long-term strategy despite an evolving global environment.
The profit after tax (PAT) rose 51.4 per cent YoY to ₹99 crore (~$10.4 million).
The company shipped a record 20.8 million garments during the quarter, compared with 17.2 million pieces in the corresponding period last year, reflecting stronger order execution across its manufacturing operations in India, Bangladesh, Vietnam, Indonesia and Guatemala.
On a standalone basis, revenue increased 27.4 per cent YoY to ₹340 crore (~$35.7 million). Adjusted EBITDA stood at ₹22 crore (~$2.3 million), with an EBITDA margin of 6.6 per cent, while PAT reached ₹12 crore (~$1.3 million), the Pearl Global said in a press release.
Vice-chairman and non-executive director Pulkit Seth said the quarter demonstrated Pearl Global’s ability to capitalise on the ongoing diversification of global sourcing. He noted that the company’s multi-country manufacturing footprint positions it well to benefit from changing sourcing strategies, while the implementation of the India–UK Free Trade Agreement and progress towards the India–EU FTA are expected to support the long-term outlook for India’s apparel exports.
Managing director Pallab Banerjee said the company maintained healthy business momentum despite uncertainties arising from the Iran conflict during the quarter. He added that capacity expansion projects in Bangladesh and the group’s laundry operations are scheduled to be inaugurated in September, adding around 7 million pieces of annual production capacity and increasing total installed capacity to approximately 108 million pieces.
During the quarter, PGIL’s holding company also received around ₹5 crore in dividends from its Hong Kong subsidiary, continuing the group’s practice of upstreaming cash from overseas subsidiaries since FY22, added the release.
The company said improving customer engagement, healthy order visibility and continued investments in manufacturing capabilities and technology support its confidence in sustaining profitable growth.
Fibre2Fashion News Desk (SG)
