This marks Pearl Global Industries’ fifth consecutive quarter of achieving over ₹1,000 crore in revenue.
Pearl Global Industries Limited (PGIL), one of India’s largest listed garment exporters, reported a 16.6 per cent year-on-year revenue growth to ₹1,228 crore for the quarter ended June 30, 2025. This marks the company’s fifth consecutive quarter of achieving over ₹1,000 crore in revenue.
The company’s adjusted EBITDA grew 13.4 per cent to ₹114 crore, maintaining a margin of 9.3 per cent. Excluding operational losses at new facilities in Guatemala and Bihar and tariff-related costs, the EBITDA margin reached 10.7 per cent. Profit after tax increased 5.9 per cent to ₹66 crore, or 13.5 per cent excluding exceptional items from the previous year.
The growth was primarily driven by strong performance in Vietnam and Indonesia, supported by robust order books and healthy sales volumes. PGIL shipped 17.2 million pieces during the quarter, up from 16.7 million pieces in the same period last year.
However, the company faces significant challenges from US reciprocal tariffs. India now faces a 50 per cent tariff (25 per cent + 25 per cent) compared to 19-20 per cent for other major garment manufacturing countries. Managing Director Pallab Banerjee stated that US revenue from Indian operations represents 16-18 per cent of group revenue and 4-5 per cent of group profits.
PGIL is recalibrating its strategy by shifting US market production to more favourable manufacturing hubs while focusing on India’s Free Trade Agreement markets including the UK, Japan and Australia. The company received ₹18 crore in dividends from its Bangladesh and Hong Kong subsidiaries during the quarter.
The shares of Pearl Global Industries Limited (PGIL) were trading today on the NSE at ₹1,314 up by ₹12.60 or 0.97 per cent at the closing bell.
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Published on August 8, 2025
