DBT Bureau
Pune, 1 Feb 2026
Gokaldas Exports registered a total income of Rs. 998 crores in Q3FY26, holding steady YoY. India operation continues to maintain its growth momentum of 8% YoY, weathering the first full impact of US tariff in the current quarter. AGOA uncertainty and supply chain delays impacted Africa business during the quarter.
However, the African business improved sequentially and is positioned for a good growth in the coming periods. The company reported an EBIDTA of ₹96 crores with margins at 9.7% in Q3FY26, impacted mainly due to US tariff rebates. Productivity gains, strong order book and better cost management helped in absorbing the above impact to a good extent.
Quarterly Consolidated Financial Performance (₹ Crore)
| Parameters | Q3FY26 | Q2FY26 | Q3FY25 | YoY | QoQ |
|---|---|---|---|---|---|
| Total Income | 998 | 1,003 | 1,001 | 0% | -1% |
| EBITDA | 96 | 84 | 117 | -18% | 15% |
| EBITDA Margin | 9.7% | 8.3% | 11.7% | -202 bps | 133 bps |
| PBT | 26 | 19 | 67 | -61% | 40% |
| PAT | 15 | 8 | 50 | -71% | 81% |
9M Consolidated Financial Performance (₹ Crore)
| Parameters | 9MFY26 | 9MFY25 | YoY |
|---|---|---|---|
| Total Income | 2,978 | 2,882 | 3% |
| EBITDA | 299 | 282 | 6% |
| EBITDA Margin | 10.0% | 9.8% | 25 bps |
| PBT | 102 | 139 | -27% |
| PAT | 64 | 106 | -39% |
Commenting on the company’s Q3FY26 performance, Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports, said, “Our India operation delivered a growth of 8% YoY, even after absorbing the first full impact of US tariffs in this quarter, whereas apparel export from India remained flat. With a possible renewal of AGOA on the cards, there is a stronger order book for Africa improving the outlook. The EBITDA margin was tempered by US tariff, but was offset by higher productivity gain and diligent cost management measures.”
