Pearl Global Industries Limited (PGIL), one of India's largest listed garment exporters, has reported a robust performance for the first half of fiscal year 2026, with significant growth in revenue and strategic expansion plans.

Financial Highlights

PGIL's consolidated revenue for H1 FY26 reached ₹2,541.00 crores, marking a 12.7% increase year-on-year. The company reported an EBITDA of ₹122.00 crores with a 9.3% margin, demonstrating improved operational efficiency.

Expansion Plans

Pearl Global Industries is implementing a ₹250.00 crore capital expenditure plan to expand its capacity in India and Bangladesh. This strategic investment aims to strengthen the company's manufacturing capabilities and support future growth.

Market Diversification

The company has successfully diversified its export base across multiple markets, including the US, UK, Japan, and Australia. This strategic move has reduced PGIL's dependence on the US market to 50%, mitigating risks associated with over-reliance on a single market.

Operational Performance

PGIL's manufacturing hubs in Vietnam and Indonesia are showing strong growth performance, contributing to the company's overall positive results. The company is focusing on automation, sustainability, and multi-hub manufacturing as part of its strategy for long-term margin expansion.

Future Outlook

Pearl Global Industries' strategic initiatives, including market diversification, capacity expansion, and focus on automation and sustainability, position it well for continued growth. The company's multi-hub manufacturing approach and investments in key markets like India and Bangladesh are expected to support its long-term objectives of margin expansion and sustained growth.

As Pearl Global Industries continues to execute its growth strategy and adapt to changing market dynamics, investors and industry observers will be closely monitoring the company's performance in the coming quarters.

Pearl Global Industries Limited has announced another significant development in its Employee Stock Option Plan (ESOP) 2022. On December 19, 2025, the company allotted 47,600 equity shares to eligible employees, following its earlier allotment of 62,150 shares on November 6, 2025.

Latest Allotment Details

The Nomination and Remuneration Committee approved the latest share allotment under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key details of the December 19 allotment are:

Premium Structure for Latest Allotment

The December 19 allotment included shares at three different premium levels:

Previous ESOP Activity

The company had previously allotted 62,150 equity shares on November 6, 2025, under the same ESOP 2022 plan. That allotment featured four different premium levels ranging from Rs. 145.00 to Rs. 715.00 per share.

Key Features

• The allotment was made to eligible employees of Pearl Global Industries and its subsidiaries who had exercised their vested stock options under the ESOP 2022 plan
• The newly issued shares are identical to existing shares in all respects
• No lock-in period applies to these shares
• The shares were issued under the Employee Stock Option Plan 2022, originally filed with stock exchanges on September 6, 2022

These consecutive ESOP allotments demonstrate Pearl Global Industries' continued commitment to employee participation in the company's growth. The company's approach of offering shares at multiple premium levels provides flexibility for employees at different levels while maintaining alignment between employee and shareholder interests.