Pearl Global Q1 Revenue Hits Record INR 1,528 Crore

Revenue stood at INR 1,528 crore, marking the highest ever quarterly revenue, growing 24.5% year-over-year
Adj. EBITDA (excluding ESOP expense) stood at INR 164 crore, up 44.1% year-over-year
EBITDA margin for the quarter stood at 10.7%, the highest ever EBITDA margin in any quarter, with an expansion of 140 basis points year-over-year
PAT for the quarter stood at INR 99 crore, up 51.4% year-over-year

Revenue stood at INR 340 crore, grew by 27.4% year-over-year
Adj. EBITDA (excluding ESOP expense) stood at INR 22 crore with EBITDA margin at 6.6%
PAT stood at INR 12 crore

The company shipped 20.8 million pieces in Q1FY27, the highest ever in Q1 series, up from 17.2 million pieces in Q1FY26
PGIL (Holding Company) received a total dividend of approximately INR 5 crore in Q1FY27 from Pearl Global (HK) Limited (Hong Kong Subsidiary)
The company has been consistently declaring dividend from subsidiary companies in Bangladesh & Hong Kong since FY22

Dr. Deepak Kumar Seth, Chairman & Non-Executive Director:

Noted the global business environment continues to evolve with geopolitical developments, shifting trade dynamics, and changing supply chain priorities
Emphasized resilience, adaptability, and long-term thinking as defining attributes of successful businesses
Highlighted strong commitment to responsible and sustainable growth, corporate governance, investment in people, community development, and environmental stewardship

Mr. Pulkit Seth, Vice-Chairman & Non-Executive Director:

Described Q1FY27 as the best quarter in Pearl Global's history
Achieved broad-based growth across operating geographies
Noted global brands continue to diversify and consolidate sourcing with partners offering scale, flexibility, and multi-country manufacturing capabilities
Highlighted presence across India, Bangladesh, Vietnam, Indonesia, and Guatemala
Mentioned encouraging long-term outlook for India's apparel exports supported by supply chain diversification, India–UK FTA implementation, and progress toward India–EU FTA

Mr. Pallab Banerjee, Managing Director:

Attributed performance improvement to growth in order book across diversified product mix, manufacturing efficiencies, and operating leverage
Noted healthy business across markets despite uncertainties caused by Iran war
Ongoing capacity expansion initiatives in Bangladesh and laundry operations scheduled to be inaugurated in September 2026
Expansions expected to add approximately 7 million pieces of annual capacity, increasing Group's total installed capacity to approximately 108 million pieces
Current total capacity stands at approximately 101 million pieces per year (including own and outsourced facilities)

Established in 1987, one of India's largest listed garment exporters
Manufacturing from multiple sourcing regions: South Asia (India, Bangladesh), South-East Asia (Vietnam, Indonesia), and Central America (Guatemala)
25 manufacturing units spread across India, Indonesia, Bangladesh, Vietnam, and Guatemala
Product range includes knits, woven, denim, outerwear, activewear, and athleisure
Revenue structure is primarily export based
Key global clientele includes Aritzia, Gap, Chicos, Kohl's, Muji, Poligono, Primark, PVH, Ralph Lauren, Target
Provides supply chain solutions to value retailers and high-end fashion brand retailers in USA, EU, UK, Japan, Australia, and Canada