Total income for the quarter registered a much smaller growth of 4% at ₹977 crore, over Rs 940 crore in the year-ago period.
Vice-chairman and managing director of Gokaldas Exports, Sivaramakrishnan Ganapathi credited robust cost management and productivity gains for the increase in net profits.
The apparel exporter’s EBITDA margin expanded 336 basis points YoY to 12.1% in Q1FY26, compared with 8.8% in the same quarter last year. EBITDA rose 44% YoY to ₹119 crore in Q1FY26, from Rs 83 crore in Q1FY25, while profit before tax grew 57% to ₹57 crore during the same period.
Ganapathi said, “We reported a healthy growth in PAT and an improvement in EBITDA margins on a Y-o-Y basis, supported by productivity gains and robust cost management efforts. The company reported a moderate growth in its total income, as it was a period impacted by tariff. Total income, excluding both acquired entities, reported a 20% YoY growth.”
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Gokaldas Exports is one of India’s largest manufacturers and exporters of apparel, exporting to more than 50 countries. After its acquisition of Atraco, and Matrix, the company has over more than 30 production and employs more than 53,000 people.