Gokaldas Exports Reports 9% Sequential Revenue Growth in Q4.
Gokaldas Exports has reported a notable improvement in its operating performance for the fourth quarter ended March 31, 2026 (Q4 FY26), achieving a net profit of Rs 36 crore—an impressive sequential increase of 146% from Rs 15 crore in the previous quarter. However, this figure reflects a year-on-year decline from Rs 53 crore in Q4 FY25, highlighting the pressures faced within the export sector. The company’s consolidated total income also saw a quarter-on-quarter increase of 9%, rising to Rs 1,087 crore from Rs 998 crore, supported by a recovery in the African market and steady performance in India despite ongoing tariff-related disruptions.
The apparel export sector has been navigating a challenging landscape characterized by shifts in U.S. trade policy, particularly following the announcement of reciprocal tariffs by U.S. President Donald Trump in April 2025. This has introduced significant uncertainty into global supply chains and export markets. In light of these dynamics, Gokaldas Exports has emphasized the importance of strong customer relationships and effective execution as critical factors for navigating these adversities. According to Vice Chairman and Managing Director Sivaramakrishnan Ganapathi, the company’s resilience and proactive response have allowed it to maintain a competitive edge despite the challenging environment.
In terms of operating margins, Gokaldas recorded a sequential increase in EBITDA of 40%, climbing to Rs 135 crore from Rs 96 crore in Q3 FY26. While this represents a decrease of 5% year-on-year from Rs 142 crore, the EBITDA margin improved to 12.4%, compared to 10.7% for the full fiscal year FY26, which experienced a 4% total income increase to Rs 4,065 crore and a modest 2% rise in EBITDA to Rs 434 crore. Notably, the company’s India operations recorded a 2% growth year-on-year despite overall apparel export declines from the country, while the African segment saw a robust year-on-year growth of 17%, attributed to the renewal of the African Growth and Opportunity Act (AGOA) and more favorable tariff treatment for the region.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova team.)