Pearl Global Reports Record Quarterly Revenue of INR 1,528 Crore; Achieves Highest Ever EBITDA Margin

Pearl Global Reports Record Quarterly Revenue of INR 1,528 Crore; Achieves Highest Ever EBITDA Margin​

Pearl Global Industries Limited (PGIL), a major garment exporter in India, has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported record consolidated revenue and significant growth across key metrics.

The results reflect PGIL’s operations across multiple sourcing regions in South Asia, South-East Asia, and Central America.

Consolidated Financial Performance Highlights (Q1FY27)​

PGIL achieved the highest ever quarterly revenue of INR 1,528 crore, marking a 24.5% year-on-year (Y-o-Y) growth. The company also saw strong improvements in profitability.

Consolidated financial highlights for Q1FY27 are as follows:


The improved profitability was attributed to the expansion of operating leverage and an enhanced product mix across the company’s offerings.

Standalone Financial Highlights (Q1FY27)​

On a standalone basis, PGIL reported revenue of INR 340 crore for Q1FY27. The company maintained profitable operations with key figures as detailed below:

Operational and Financial Highlights​

In addition to the financial performance, PGIL reported several operational milestones for the quarter:

• Shipments: The company shipped 20.8 million pieces in Q1FY27, which is the highest ever recorded in the first quarter series, up from 17.2 million pieces in Q1FY26.
• Dividend Income: PGIL (Holding Company) received a total dividend of approximately INR 5 crore in Q1FY27 from Pearl Global (HK) Limited, reflecting fungibility across group entities.

Management Commentary on Q1FY27 Results​

Dr. Deepak Kumar Seth, Chairman and Non-Executive Director, commented that the strong start reflects the strength of the diversified manufacturing platform, customer trust, and disciplined execution teams. He emphasized that while the global environment involves shifts in trade dynamics and geopolitical developments, the company’s commitment to responsible growth remains unwavering.

Mr. Pulkit Seth, Vice-Chairman and Non-Executive Director, noted that the quarter delivered the best performance in Pearl Global's history. He highlighted achieving the highest ever quarterly revenue of INR 1,528 crore and a record EBITDA margin of 10.7%. Mr. Seth stated that PGIL’s presence across India, Bangladesh, Vietnam, Indonesia, and Guatemala positions the company well to capitalize on global trends in sourcing diversification, especially amid developments like the India-UK FTA and progress towards the India-EU FTA.

Mr. Pallab Banerjee, Managing Director, attributed the results to strong operational execution and broad-based revenue growth. He noted that the EBITDA margin improvement was driven by manufacturing efficiencies and operating leverage, despite uncertainties caused by global events. Mr. Banerjee also announced that capacity expansion initiatives in Bangladesh and laundry operations are scheduled for inauguration in September, which are expected to add approximately 7 million pieces of annual capacity, raising the Group's total installed capacity to roughly 108 million pieces.

About Pearl Global Industries Limited​

Established in 1987, PGIL is one of India’s largest listed garment exporters, serving as a preferred long-term vendor to leading global brands. The company manufactures from multiple sourcing regions across South Asia (India, Bangladesh), South-East Asia (Vietnam, Indonesia), and Central America (Guatemala).

PGIL's product range includes knits, woven, denim, outerwear, and activewear. With 25 manufacturing units spread across various countries, PGIL has a total capacity to manufacture approximately 101 million pieces per year. The company provides total supply chain solutions to global clientele, including Aritzia, Gap, Chicos, Kohl's, Muji, Primark, PVH, Ralph Lauren, and Target.

PGIL Stock Price Movement​

Pearl Global Industries Limited slipped by 0.77% on Wednesday, closing at ₹2104.5 after shedding ₹16.40 from its previous close. The equity saw one of its key trades amid the session, as it successfully maintained a stock that had previously achieved its 52-week high, with 100,126 shares traded.