Gokaldas Exports Limited has announced a schedule of meetings with institutional investors and research analysts. The sessions will take place over two days in Bengaluru.

The company issued the disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III Part A. The meetings are designed to provide senior management with an opportunity to interact directly with market participants.

Meeting Schedule

The interactions are structured as one-to-one physical meetings. The company has confirmed the following schedule for September 2026:

Gourish Hegde, Company Secretary & Compliance Officer, signed the disclosure dated September 13, 2026. The company noted that the schedule is subject to change if necessary.

Gokaldas Exports filed its annual report for FY26 with stock exchanges, reporting consolidated total income of ₹4,065 crore, a 4% increase over the previous year, while profit after tax fell 37% to ₹100 crore, weighed down by an estimated ₹97 crore impact from US tariffs.

Financial Performance Overview

Revenue from operations grew 3.2% to ₹3,987.64 crore in FY26 from ₹3,864.24 crore in FY25. Other income rose to ₹77.32 crore from ₹52.94 crore. Reported EBITDA was ₹433.68 crore at a margin of 10.7%, broadly steady against 10.8% in the prior year, a contraction of 15 basis points. Adjusted for the estimated ₹97 crore US tariff impact and certain one-time costs, EBITDA stood at ₹530 crore at an adjusted margin of 13.0%, an improvement of 166 basis points over the prior year's adjusted margin of 11.4%.

Profit before tax fell 21.3% to ₹171.62 crore from ₹218.07 crore, and profit after tax declined 36.8% to ₹100.13 crore from ₹158.54 crore. Basic EPS for FY26 was ₹13.71 against ₹22.36 in FY25.

Standalone Financial Highlights

On a standalone basis, revenue from operations rose to ₹2,693.05 crore from ₹2,476.70 crore. Standalone profit before tax was ₹266.98 crore against ₹245.87 crore, and standalone profit after tax was ₹203.93 crore against ₹191.32 crore. Standalone basic EPS was ₹27.93 against ₹26.98 in FY25.

Segment Performance

The India business was the principal growth driver, expanding approximately 10% year-on-year even as overall Indian apparel exports declined 1.4%. India accounted for ₹3,373 crore of total income. The Africa business, operating from Kenya and Ethiopia, declined 19% over the year due to uncertainty surrounding the renewal of the African Growth and Opportunity Act (AGOA). Following AGOA's renewal, the Africa business returned to growth in Q4FY26, reporting approximately 17% growth in the fourth quarter. Africa accounted for ₹692 crore of total income. India operations recorded an EBITDA margin of 12.4%, while Africa operations recorded 2.3%, reflecting operating de-leverage during the AGOA-related disruption.

Sales Contribution by Region

Capital Expenditure and Balance Sheet

The company deployed ₹228 crore in capital expenditure during FY26, of which ₹58 crore was directed towards modernisation and upgrades and ₹170 crore towards new capacity and new projects, compared with ₹191 crore in FY25. This funded continued progress on facilities in Bhopal, Kolar Gold Fields and Jharkhand, a targeted capacity expansion in Kenya, and further investment in BRFL Textiles Private Limited (BTPL). A further ₹122 crore was invested in BTPL through a combination of debentures and equity.

Net worth increased 3.8% to ₹2,160.4 crore as on March 31, 2026, from ₹2,080.7 crore a year earlier. Net debt rose to ₹552.6 crore from ₹158.2 crore, driven by capital expenditure, additional BTPL investment, and higher working capital. Total borrowings stood at ₹977.6 crore against ₹643.3 crore. Finance costs increased 22.9% to ₹95.2 crore from ₹77.4 crore. Interest cover was 2.80x against 3.82x in FY25.

Working Capital and Key Ratios

Inventories increased 28.2% to ₹874.5 crore. Trade receivables rose 40.2% to ₹601.1 crore, and trade payables increased 46.4% to ₹348.8 crore. Net working capital lengthened to 75 days from 60 days in FY25. The current and quick ratios for FY26 were 1.50 and 0.92 respectively, against 1.89 and 1.19 in FY25.

Operational Highlights

Gokaldas Exports operates more than 30 manufacturing facilities with an annual production capacity of around 92 million pieces and a workforce of over 54,000, approximately 75% of whom are women. The company shipped 57 million pieces in FY26 against 68 million in FY25. The share of products priced above ₹450 rose to 80% of sales from 73% in FY25. Outerwear's share of product category sales increased to 29% from 22%, and sportswear rose to 15% from 13%.

Product Category Sales (% share)

On sustainability, the company raised its renewable energy mix to 85% of the overall energy mix and reduced GHG emission intensity per garment by 73%. Process water recycled increased to 477 million litres from 257 million litres. The company has committed to net zero by 2045 and carbon neutrality and water positivity by 2030.

BTPL Investment and Corporate Developments

During FY26, the company acquired a 19% equity interest in BRFL Textiles Private Limited through a combination of optionally convertible debentures of ₹22,500 lakhs and equity shares for a consideration of ₹7,199.06 lakhs. The Board approved a scheme of amalgamation of BTPL with the company on August 9, 2025, subject to regulatory and NCLT approvals. Full consolidation is expected around Q3FY27.

The company shifted its registered office from Karnataka to Mumbai, Maharashtra, with effect from February 16, 2026. No dividend has been recommended for FY26. The statutory auditors, MSKA & Associates LLP, issued an unmodified opinion on both standalone and consolidated financial statements for the year ended March 31, 2026. The 23rd Annual General Meeting is scheduled for September 28, 2026.

Five-Year Financial Summary

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE887G01027/297a2377-6c86-44c8-9071-28344181b798.pdf