Pearl Global Industries , a leading garment exporter, has announced robust financial results for the second quarter and half year ended September 30, 2025, alongside declaring an interim dividend.

Financial Highlights

• Consolidated Revenue: The company's consolidated revenue for H1FY26 crossed the Rs 2,500 crore milestone, reaching Rs 2,541.00 crore, marking a 12.7% year-on-year growth. This was primarily driven by high value-added product sales in Vietnam and Indonesia.

• Profitability: Adjusted EBITDA stood at Rs 236.00 crore, growing by 18.4% year-on-year, with margins improving by 45 basis points to 9.3%. Excluding the impact of reciprocal tariffs and losses from new facilities, the adjusted EBITDA margin was 10.6%.

• Net Profit: The company reported a consolidated net profit of Rs 138.00 crore for H1FY26, representing a 17% increase compared to the same period last year.

• Q2 Performance: For Q2FY26, revenue stood at Rs 1,313.00 crore, up 9.2% year-on-year, while net profit rose to Rs 72.00 crore, marking a 29.4% year-on-year increase.

Dividend Declaration

The Board of Directors declared a first interim dividend of Rs 6.00 per equity share (120% on face value of Rs 5.00 each) for the financial year 2025-26. The record date for dividend entitlement is set as November 17, 2025, with payment to be made within 30 days to eligible shareholders.

Operational Highlights

• The company shipped 19.9 million pieces in Q2FY26, its highest ever for a Q2 period, up from 19.3 million pieces in Q2FY25.
• Pearl Global received dividends totaling approximately Rs 32.00 crore in H1FY26 from its subsidiaries in Bangladesh and Hong Kong.
• The company upgraded to eFlow Nanobubble technology in Bangladesh, enabling up to 32% water savings, 9% reduction in power consumption, and a 20% improvement in time efficiency.

Management Commentary

Mr. Pallab Banerjee, Managing Director, commented on the results: "We are pleased to share another quarter of strong financial performance, reflecting the resilience of our operations amid an evolving trade environment. Our diversified market base, robust order book coupled with disciplined execution, reinforce our ability to deliver long-term value and maintain momentum."

Future Outlook

The company plans to invest in capacity expansion, sustainability, and efficiency improvements with a planned capex of Rs 250.00 crore. Expansion projects are underway in Bangladesh and India, aimed at enhancing production capacity and improving operational efficiency.

Pearl Global Industries aims to diversify its customer base across the US, UK, Japan, and Australia, while also exploring opportunities arising from potential new Free Trade Agreements.

Note: This article is based on the company's official financial results and statements. Investors are advised to conduct their own research before making investment decisions.

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.