Gokaldas Exports registered a total income of Rs. 1003 crores in Q2FY26, a growth of 7% on a YoY basis. While India operations registered a strong growth of 14% YoY against the backdrop of 2% degrowth in Indian apparel exports, the Africa operations declined by 23% year-on-year, primarily due to lower volumes resulting from delayed order placements amid uncertainty surrounding AGOA rollover. The company reported an EBIDTA of Rs. 84 crores, with flat YoY growth, after sharing a considerable portion of the US tariff burden with its key customers. Prudent cost control and productivity gains offset some of these impacts.
Key Highlights:
Reported Consolidated Financial Performance:
(Figures in ₹ Crore)
| Parameters | Q2FY26 | Q1FY26 | Q2FY25 | YoY | QoQ | H1FY26 | H1FY25 | YoY |
| Total Income | 1003 | 977 | 942 | 7% | 3% | 1980 | 1882 | 5% |
| EBITDA | 84 | 119 | 82 | 1% | -30% | 202 | 165 | 23% |
| EBITDA Margin | 8.3% | 12.1% | 8.7% | -41 bps | -381 bps | 10.2% | 8.8% | 145 bps |
| PBT | 19 | 57 | 36 | -47% | -67% | 76 | 72 | 5% |
| PAT | 8 | 41 | 28 | -71% | -81% | 50 | 55 | -10% |
Commenting on the company’s Q2FY26, Mr. Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports, said, “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.”
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