Gokaldas Exports registered a total income of Rs. 1,087 crores in Q4FY26, with a 5% YoY growth. Our total income from India grew by 2% YoY despite tariff challenges in Q4FY26, while the Indian industry’s apparel exports declined by 10%. Our Africa business experienced a healthy growth of 17% YoY, as AGOA was renewed and the region had a better US tariff via-a via other countries. The company reported an EBIDTA of Rs. 135 crores with a margin at 12.4% in Q4FY26, with 131 bps impact mainly due to US tariff rebates. Productivity gains and better cost management helped in absorbing the tariff impact.
In FY26, Total Income stood at Rs. 4,065 crores, which grew by 4% YoY. EBITDA during the year stood at Rs. 434 crores with a margin at 10.7%, which was down by 15 bps YoY due to US tariff.
Key Highlights:
Reported Consolidated Financial Performance:
(Figures in ₹ Crore)
| Parameters | Q4FY26 | Q3FY26 | Q4FY25 | YoY | QoQ | FY26 | FY25 | YoY |
| Total Income | 1,087 | 998 | 1,035 | 5% | 9% | 4,065 | 3,917 | 4% |
| EBITDA | 135 | 96 | 142 | -5% | 40% | 434 | 424 | 2% |
| EBITDA Margin | 12.4% | 9.7% | 13.7% | -131 bps | 275 bps | 10.7% | 10.8% | -15 bps |
| PBT | 70 | 26 | 79 | -12% | 168% | 172 | 218 | -21% |
| PAT | 36 | 15 | 53 | -32% | 146% | 100 | 159 | -37% |
Commenting on the company’s Q4FY26 & FY26, Mr. Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports, said, “Disruption due to penal US tariffs and volatile geopolitical events impacted our costs and margin during the year. Exceptional teamwork, strong customer relationships, and relentless execution in the face of strong adversities helped us deliver a superior business performance. We grew our revenue and more or less maintained our EBITDA margin. We are confident that we have the leadership depth and business capability to address external shocks that may come our way in the near term. In the long term, we see the macroeconomic trends favour sourcing from India and other low-cost regions, and are hopeful that we are poised to leverage these trends to emerge as a strong global entity.”