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Gokaldas Exports Holds Q3FY26 Revenue Steady Despite US Tariff Impact, Margins Compress

Story Highlights
  • Gokaldas Exports kept Q3FY26 revenue flat year-on-year, with India operations growing 8% despite US tariffs and Africa weighed by AGOA uncertainty.
  • EBITDA margin fell to 9.7% on lower US tariff rebates, but productivity gains, cost control and a stronger Africa order book support future growth prospects.
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Gokaldas Exports Holds Q3FY26 Revenue Steady Despite US Tariff Impact, Margins Compress

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Gokaldas Exports Limited ( (IN:GOKEX) ) has issued an announcement.

Gokaldas Exports reported consolidated total income of ₹998 crore for the third quarter of FY26, broadly flat year-on-year, as its India operations grew 8% despite the first full quarter of US tariff impact, while uncertainties around AGOA and supply-chain delays weighed on its Africa business. EBITDA for the quarter stood at ₹96 crore with a 9.7% margin, lower than a year earlier due mainly to reduced US tariff rebates, though productivity gains, a strong order book and tighter cost management helped soften the blow; management flagged sequential improvement in Africa and a stronger order pipeline linked to a potential AGOA renewal, suggesting improved growth prospects ahead despite pressure on profitability metrics and lower PAT versus the previous year.

More about Gokaldas Exports Limited

Gokaldas Exports Limited, established in 1979, is one of India’s largest apparel manufacturers and exporters, supplying some of the world’s leading apparel brands. The company operates over 30 production units with an annual capacity of about 87 million garments, exports to more than 50 countries, and employs over 54,000 people, with a strategic focus on innovation and sustainability in global apparel manufacturing.

Average Trading Volume: 30,570

Technical Sentiment Signal: Hold

Current Market Cap: 40.33B INR

See more insights into GOKEX stock on TipRanks’ Stock Analysis page.

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