Pearl Global Industries Records Highest Revenue of INR 5,025 Crore for FY26, Crosses 100 Million Installed Capacity Mark
Pearl Global Industries Limited (PGIL), India's prominent listed garment exporter, announced its audited financial results for the Quarter and Financial year ended March 31, 2026. The company reported a significant milestone, with its consolidated revenue crossing the INR 5,000 crore mark.The company, which manufactures from multiple sourcing regions across South Asia, South-East Asia, and Central America, also reported that its annual installed capacity has surpassed 100 million pieces.
Financial Performance Highlights for FY26
The financial results demonstrate strong growth across both consolidated and standalone metrics.Consolidated Financial Highlights (for FY26):
| Metric | FY26 Figure | Y-o-Y Growth | Commentary |
|---|---|---|---|
| Revenue | INR 5,025 crore | 11.5% | Driven by volume and high value-added product growth in overseas business. |
| Adj. EBITDA (excl. ESOP) | INR 468 crore | ~14.0% | EBITDA margin stood at ~9.3%, improving by 20 bps Y-o-Y. |
| PAT | INR 270 crore | 17.0% | |
| Adj. EBITDA Margin (Excl. Tariff/Loss) | ~10.3% |
Consolidated Financial Highlights (for Q4 FY26):
| Metric | Q4 FY26 Figure | Y-o-Y Growth | Commentary |
|---|---|---|---|
| Revenue | INR 1,314 crore | 6.9% | Highest ever quarterly revenue. |
| Adj. EBITDA (excl. ESOP) | INR 135 crore | 13.7% | Margin at 10.3%, highest ever EBITDA margin in any quarter. |
| PAT | INR 81 crore | 24.6% |
Standalone Financial Highlights (for FY26):
| Metric | FY26 Figure | Y-o-Y Change | Commentary |
|---|---|---|---|
| Revenue | INR 1,081 crore | ||
| Adj. EBITDA (excl. ESOP) | INR 67 crore | EBITDA margin of 6.2%, improved by 60 BPS Y-o-Y. | |
| PAT | INR 69 crore | Increased from INR 55 crore |
Balance Sheet Highlights:
The balance sheet data shows strengthening corporate health. Networth as of March 31, 2026, was INR 1,438 crore, compared to INR 1,146 crore on March 31, 2025. Cash and Bank Balance (excluding cash earmarked for LC payments) reached INR 634 crore, up from INR 513 crore in the previous year.
Operational Milestones and Strategic Developments
On the operational front, the company reported shipping record quantities in the final quarters. Shipped pieces reached 22.0 million pieces in Q4 FY26 and 78.1 million pieces in the full FY26.In terms of credit strength, PGIL successfully upgraded its credit profile, with its long-term rating advancing from [ICRA] BBB (Stable) in 2021 to [ICRA] A+ (Stable) in 2026. The short-term rating also advanced from [ICRA] A3+ to [ICRA] A1+.
The company also declared a total dividend of INR 14.5 (290% of face value) per equity share for FY26.
Furthermore, the company plans to outline a capital commitment of INR 200-250 crore during FY27 to support its future expansion.
Management Commentary
Commenting on the robust performance, company leadership noted the resilient execution of the group despite a complex global geopolitical backdrop and tariff-related disruptions.Pallab Banerjee, Managing Director, highlighted that the INR 5,025 crore revenue and the ~14.0% growth in EBITDA solidify PGIL's position through its diversified operating model. He noted that total installed capacity reached approximately 101 million pieces, with ongoing capacity expansion expected to increase manufacturing capabilities further.
Pulkit Seth, Vice-Chairman & Non-Executive Director, emphasized that the achievement of the INR 5,000 crore revenue mark and the crossing of the 100 million pieces installed capacity milestone underscore the company's sustained growth momentum. Both executives confirmed that the company remains well-positioned to scale efficiently in the coming years, supported by a strong customer base and a global manufacturing footprint.
PGIL Stock Price Movement
Today, Pearl Global Industries Limited shares edged higher to close at ₹1528.8, marking a solid 3.84% gain for the stock. The equity settled at this level today, driven by strong investor interest that saw 56,126 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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