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Earnings Call Transcript

Gokaldas Exports Earnings Call Transcript: Key Takeaways

Gokaldas reported strong revenue growth of 21% YoY, outperforming a declining Indian garment export market. Growth was fueled by strategic African expansion and capacity ramp-ups despite intense wage and logistical cost pressures.

Guidance and delivery
Revenue guidance 15.0% → 17.5% Raised by 2.5 percentage points
Management target Revenue 17.5% FY27
Highlights
Revenue growthRevenue grew 21% YoY; consolidated EBITDA rose 17%.
MarginsUnder pressure from wage hikes; partially offset by operational efficiency.
Order bookRobust order book visibility across the entire customer base.
Demand visibilityStrong visibility for Spring '27; US/UK retail demand showing recovery.
Management confidenceBalanced; optimistic on order book but cautious on logistical risks.

Growth

Consolidated revenue grew 21% and EBITDA 17%. India business grew 16% while Africa surged 44%.

Outlook

Management anticipates revenue growth exceeding 15% for FY27, supported by full capacity at new units.

Risks

Rising minimum wages in India/Kenya and Red Sea logistical disruptions pose significant margin headwinds.

Last quarter's promises, checked

Delivered

  • Guided India revenue growth >10% → delivered 16% (= BEAT)
  • Guided Africa revenue growth >17% → delivered 44% (= BEAT)
  • Guided consolidated revenue growth >4% → delivered 21% (= BEAT)

Partly delivered

  • Guided EBITDA margin improvement → delivered 17% growth but under wage pressure (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, NSE: GOKEX. Summary written with AI assistance from the document.

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Gokaldas Exports Ltd: key numbers

Share price
₹689.60
Market cap
₹5,053 Cr
Revenue (annual)
₹3,988 Cr
Net profit (annual)
₹100.1 Cr
P/E (TTM)
49.1×Sector 55.7×
Promoter holding
9.15%+0.00% QoQ
FII holding
14.46%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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