Pearl Global Industries Ltd
BSE:532808
Pearl Global Industries Ltd
Pearl Global Industries Ltd. is a holding company, which engages in the manufacture, design, sourcing, and exporting of ready-made garments. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2007-02-02. The firm is engaged in manufacturing, sourcing, distribution and export of ready-to-wear apparel through its domestic and global facilities and operations. The firm provides end-to-end supply chain solutions to brands across the globe. The firm provides complete apparel solutions to fashion brands across categories. Its product range includes knits, woven, denim, outerwear, activewear and athleisure, sleepwear and lounge, and childrenswear. The firm provides basic and complex designs across men, women and kids wear segments. The firm's geographical segments include Bangladesh, Hong Kong, India and Others. Its wholly owned subsidiaries include Pearl Apparel Fashions Limited, Pearl Global Kaushal Vikas Limited and Pearl Global Fareast Limited, Pearl Global (HK) Limited, Norp Knit Industries Limited and SBUYS E-Commerce Limited.
Pearl Global Industries Ltd. is a holding company, which engages in the manufacture, design, sourcing, and exporting of ready-made garments. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2007-02-02. The firm is engaged in manufacturing, sourcing, distribution and export of ready-to-wear apparel through its domestic and global facilities and operations. The firm provides end-to-end supply chain solutions to brands across the globe. The firm provides complete apparel solutions to fashion brands across categories. Its product range includes knits, woven, denim, outerwear, activewear and athleisure, sleepwear and lounge, and childrenswear. The firm provides basic and complex designs across men, women and kids wear segments. The firm's geographical segments include Bangladesh, Hong Kong, India and Others. Its wholly owned subsidiaries include Pearl Apparel Fashions Limited, Pearl Global Kaushal Vikas Limited and Pearl Global Fareast Limited, Pearl Global (HK) Limited, Norp Knit Industries Limited and SBUYS E-Commerce Limited.
Strong Growth: Pearl Global reported consolidated 9-month revenue of INR 3,711 crores, up 13.2% year-on-year, and EBITDA of INR 333 crores, up 14%.
Margin Improvement: Adjusted EBITDA margin was 9%, rising to 10.1% when excluding tariff and ramp-up costs.
Record Q3 Revenue: Q3 revenue was INR 1,170 crores, the highest in five years for the quarter, up 14.4% year-on-year.
Tariff Relief: The India–US trade deal reduced tariffs from 50% to 18%, ending a major competitive disadvantage and expected to boost future business.
Capacity Expansion: Bangladesh and India capacity expansions are on track, with Bihar facility commercialized and Bangladesh expansion expected by Q2 FY27.
Geographic Diversification: Growth was broad-based, with Vietnam and Indonesia delivering strong performance, and positive outlook for India as FTAs take effect.
Margin Tailwinds: Ramp-up and tariff costs are expected to decline sharply from FY27, supporting margin expansion.
Upgraded Credit Rating: Credit rating improved to ICRA A+ stable, reflecting strong liquidity and operational resilience.
