Apparel manufacturer and exporter Gokaldas Exports reported a more than fivefold year-on-year increase in profit after tax (PAT) to ₹41 crore in the second quarter of FY27, compared with ₹8 crore in the corresponding period last year.
Sequentially, however, PAT declined 6.8 per cent from ₹44 crore in Q1 FY27.
The company registered a 13 per cent year-on-year growth in total income to ₹1,135 crore in the seasonally weak quarter.
Revenue from its India business grew 10 per cent, supported by a strong order book and better execution, while its Africa business recorded 32 per cent growth, driven by higher volumes and improved realisations.
Commenting on the company’s Q2 FY27 performance, Sivaramakrishnan Ganapathi, Vice-Chairman and Managing Director of Gokaldas Exports, said, “Better order execution in India and higher volumes and realisations in Africa led to strong income growth in the quarter. Focus on productivity gains and a strong order book should help growth and margins going forward.”
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For the first half of FY27, total income grew 17 per cent year-on-year to ₹2,315 crore. India business revenue increased 13 per cent, benefiting from a higher order book and improved execution, while the Africa business registered 39 per cent growth, driven by higher volumes and realisations.
EBITDA grew 32 per cent during the period, supported by a better product mix and productivity gains, as well as a lower base in the corresponding period last year, which was impacted by US tariffs.
On the balance sheet front, net debt declined to ₹429 crore as of September 2026, from ₹553 crore as of March 2026.
Published on November 6, 2026
