Gokaldas Exports Limited reported a total income of INR4,065 crore for the financial year 2026, representing a 4% growth over the previous year. The company sustained its EBITDA margin at the previous year's level despite absorbing a net tariff discount of INR90 crore offered to customers to offset reciprocal tariff burdens. India operations grew by 10% year-on-year, while the Africa business declined by 19% primarily due to AGOA uncertainties in the first three quarters, resulting in a revenue drop of approximately INR180 crore.

The company invested INR170 crore during the year towards new capacity creation and upgrading machinery. Net debt increased by INR395 crore, driven by capital expenditure for incremental capacity expansion, additional investments in BTPL, and increased working capital requirements due to volume growth. The withdrawal of the penal 25% tariff in February and a subsequent US Supreme Court ruling led to a 10% tariff being imposed until July 24, 2026. AGOA was restored until December 2026, improving the revenue and margin outlook for FY27.

Operational Performance

During Q4 FY26, India business operations grew by 2% despite steep tariffs, while the Africa business expanded by 17% year-on-year supported by the AGOA extension. The company signed two new premium customers for its India operations and two for its Africa operations, with revenue contributions expected to begin in FY27. Capacity utilization at BTPL is approaching 50 lakh meters per month against a current capacity of 70 lakh meters, which can be raised to 100 lakh meters with an additional investment of INR50 crore to INR60 crore.

Financial Metrics

Outlook and Guidance

Management expects the Africa business to achieve an EBITDA margin between 8% and 10% in the second half of FY27. The company aims to reduce working capital by INR75 crore to INR100 crore in the current financial year. For BTPL, the target is EBITDA breakeven in H1 FY27 and EBITDA positive in H2, with margins expected around 6% to 7%. The company has initiated the merger of BTPL subject to NCLT approval, expected to conclude in Q3 FY27.

Gokaldas Exports Limited will engage with institutional investors and research analysts in a series of meetings scheduled from June 8 to June 10, 2026, in Mumbai. The interactions, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, aim to provide updates on the company's performance and strategy. The meetings will be conducted in a one-on-one physical format with the company's senior management.

The schedule includes sessions with prominent financial institutions such as Aditya Birla AMC, Bandhan AMC, UTI AMC, Motilal Oswal AMC, and Axis Mutual Fund on June 8. On June 9, the management will meet with ICICI Prudential Life Insurance, SBI AMC, ICICI Prudential AMC, White Oak Capital, Kotak Mutual Fund, and Helios Capital. The final day, June 10, features meetings with SBI Life Insurance, Nippon India AMC, Goldman Sachs AMC, Fidelity International, Mahindra Manulife Mutual Fund, and Union Mutual Fund.

The disclosure was filed by Gourish Hegde, Company Secretary & Compliance Officer of Gokaldas Exports Limited. The company noted that the schedule is subject to changes. These interactions provide a platform for the management to discuss business outlook and operational milestones with key stakeholders.

The meetings are part of the company's regular investor relations activities to ensure transparency and maintain open communication channels with the investment community.