Gokaldas Exports Limited · NSE:GOKEX
Gokaldas Exports — Q3 FY2026 Earnings Presentation
23 slides from Gokaldas Exports's earnings presentation, February 2026
Slide 1: Q3FY26 Scaling New Heights
GOKALDAS EXPORTS LIMITED Q3FY26 Scaling New Heights Q 3 F Y 2 6 I N V E S T O R P R E S E N T A T I O N
Slide 2: Q3FY26 & 9MFY26 Highlights
01 Q 3 F Y 2 6 & 9 M F Y2 6 HIGHLIGHTS 03 - 11 02 G L O BA L A P PA R E L M A R KE T 12-17 03 A B O UT G O KA L D A S E X P O RT S 18-22
Slide 3: Q3FY26 & 9MFY26 Highlights
Q3FY26 &9MFY26 Highlights 04 MANAGEMENT COMMENTARY 05 FI NANCIAL HIGHLIGHTS 08 SUMMARY OF CONSOLIDATED FI NANCIALS 10 RATIO ANALYSI S 11 I NVESTMENT TRACKER
Slide 4: Management Commentary and Outlook for FY26
Management COMMENTARY Q3FY26 was the first full quarter impacted by the steep 50% US tariff on India and the expiry of AGOA which provided duty-free access from Africa to the US. To offset this, the company initiated several measures Commentary immediately. Firstly, the company secured it’s US busin
Slide 5: Quarterly Highlights
Quarterly Highlights SUMMARY OF CONSOLIDATED PROFIT & LOSS STATEMENT ₹998 Cr. Flat YoY growth (₹ C R O R E S ) R E V E N U E The company reported a total income of Rs. 998 crores KEY PERFORMANCE METRICS Q3FY26 Q2FY26 Q3FY25 YOY QOQ in Q3FY26, with flat year -on-year growth. The I ndia operations mai
Slide 6: 9MFY26 Highlights
9MFY26 Highlights SUMMARY OF CONSOLIDATED PROFIT & LOSS STATEMENT ₹2978 Cr. 3% YoY growth (₹ C R O R E S ) R E V E N U E In 9MFY26, the company reported a moderate growth KEY PERFORMANCE METRICS 9MFY26 9MFY25 YOY o f 3 % Y o Y d u e t o t h e U S T a r i f f p r e s s u r e a n d AG O A r e l a t e
Slide 7: 9MFY26 Highlights: Analysis of Financial Position
9MFY26 Highlights ANALYSIS OF FINANCIAL POSITION E M P L O Y E D (₹ C R O R E S ) C A P I T A L I n 9MFY26, the company incurred a capital expenditure of ₹175 Cr, towards additional capacity expansion and K E Y P E R F O R M ANCE M E T R I CS 31-Dec-25 31-Mar-25 YOY machinery upgradation. These were
Slide 8: Financial Highlights
Financial Highlights SUMMARY OF CONSOLIDATED PROFIT & LOSS STATEMENT (₹ C R O R E S ) K E Y P E R F O R M ANCE M E T R I CS FY21 FY22 FY23 FY24 FY25 YOY REVENUE FROM OPERATIONS 1,210.7 1,790.3 2,222.2 2,378.9 3,864.2 62.4% OTHER INCOME 12.2 10.7 25.0 30.1 52.9 75.9% TOTAL INCOME 1,222.9 1,801.0 2,24
Slide 9: Financial Highlights: Financial Position
Financial Highlights ANALYSIS OF FINANCIAL POSITION (₹ C R O R E S ) K E Y P E R F O R M ANCE M E T R I CS FY21 FY22 FY23 FY24 FY25 YOY NON-CURRENT ASSETS Investment in Fixed Assets 127.2 169.1 275.1 504.2 638.4 134.2 Other non-current assets 45.8 68.5 74.6 677.6 860.0 182.9 Total non-current assets
Slide 10: Ratio Analysis
Ratio Analysis PY CY EBITDA MARGIN NET DEBT NET DEBT / EQUITY (I N % ) (₹ C R O R E S ) (I N TI M E S ) 9MFY26 12.3%* 9MFY26 395 9MFY26 0.13 FY25 11.4%** FY25 158 FY25 0.15 FY24 11.8% FY24 336 FY24 0.26 FY23 13.2% FY23 -333 FY23 -0.28 I N V E S T O R P R E S E N T AT I O N FY22 12.0% FY22 -119 FY22
Slide 11: Judicious Investment in Expansion and Upgradation
Judicious Investment in Expansion and Upgradation CAPI TAL EXPENDITURE (₹ I N C R O R E S ) ₹205 Cr. OF CAPEX PLANNED IN F26 YE AR M O D E R NI Z ATI O N AN D U P GR AD E S NE W C AP A C I T Y AND NE W PR O J E C T S TO T AL FY24 39 104 143 I N V E S T O R P R E S E N T AT I O N FY25 46 145 191 9MFY
Slide 12: Global Apparel Market
Global Apparel Market 13 APPAREL TRADE TRENDS 15 I NDIA APPAREL EXPORTS TREND 16 I NDIA-EU FTA BENFEITS 17 CONCLUSION
Slide 13: Steady US Retail Growth; UK Continues to Grow
Steady US Retail Growth; UK Continues to Grow RETAIL STORE SALES EXPERIENCED FAVORABLE GROWTH US CLOTHING RETAIL US E-COM CLOTHING UK CLOTHING RETAIL PRICE V/S VOLUME STORE SALES SALES STORE SALES CONTRIBUTION (I N U S $ B N) (I N U S $ B N) (I N GB P £ B N) (I N % ) 3% 7% * 3% -1% -0.1% -2%# 7% -3%
Slide 14: Tariffs Weigh on US Imports; EU & UK Growth Resilient
Tariffs Weigh on US Imports; EU & UK Growth Resilient 9MFY26 INDIAN APPAREL EXPORTS MODERATED US APPAREL I MPORTS EU-27 APPAREL I MPORTS UK APPAREL I MPORTS I NDIA APPAREL EXPORTS (I N U S $ B N) (I N E U R B N) (I N GB P £ B N) (I N U S $ B N) 10% 2.4%& -17% -5% 6%# -22% 2% -0.6%* -15% 3% 4%^ -10%
Slide 15: Apparel Dominates India's Textiles Exports
Apparel Dominates India’s Textiles Exports EXPORTS RECOVERED DURING FY25 I NDIAN TEXTI LE EXPORTS SHARE I NDIAN APPAREL EXPORTS SHARE (I N % ) (I N U S $ B N) Apr-Nov G E O G R AP H Y FY22 FY23 FY24 FY25 2025 Fiber US 5.3 5.4 4.7 5.3 3.3 5% 5% Y arn UK 1.4 1.5 1.3 1.4 0.9 16% 16% I N V E S T O R P R
Slide 16: India–EU FTA: Unlocking New Growth Avenues
India–EU FTA: Unlocking New Growth Avenues FOR THE INDIAN APPAREL EXPORTERS EU-27 Apparel I mports Share(%) EU-27 Product-wise Apparel I mports EU-27 Category-Wise Apparel I mports Share(%) Share(%) China Bangladesh 12% Turkey 2% 28% Vietnam 2% 29% 3% Cambodia EU Apparel 43% Cotton I N V E S T O R P
Slide 17: Shifting Global Dynamics
Shifting Global Dynamics Opportunities & Challenges for India Amid Trade Uncertainty L O NG - TE R M O P P O R TU NI TI ES NE AR - TE R M CH AL L E NG E S The EU, US, and China remain the dominant global The current US reciprocal tariffs pose a apparel consumption markets. severe challenge to Indian
Slide 18: About Gokaldas Exports and Achievements
About Gokaldas Exports and Achievements 19 ABOUT GOKALDAS EXPORTS LTD 20 MANUFACTURING PROWESS 21 I NTEGRATED VALUE CHAI N 22 I NVESTMENT MERITS
Slide 19: We are One of the Most Respected Apparel Manufacturers in India
We are One of the Most Respected HIGHLIGHTS Apparel Manufacturers in India Gokal d as E xports Lim ited , a l ead ing apparel m anu fac tu rer s inc e 1979, d es igning, m anu fac tu ring, and exporting a d ivers e range of apparel prod u c ts for al l s eas ons . The Com pany exports to a nu m ber
Slide 20: With Strong In-house Capabilities
With Strong In-house Capabilities Worldclass In-house Testing Lab Robust Product Polyfill manufacturing Quilting I N V E S T O R P R E S E N T AT I O N Design Studio with Accredited by Development and using latest manufacturing 3D capability leading brands Sampling set-up technology capability 20_ G
Slide 21: Integrated Value Chain
Value Chain Integrated Value Chain Over the years, we have enhanced our capabilities to include a vast array of processes within our manufacturing set-up. O u r s trong pres enc e ac ros s the val u e c hain, enabl es u s to bec om e the preferred partner of c hoic e for s om e of the m os t d is ti
Slide 22: Investment Merits
Investment Merits Well diversified Globally Incremental Benefiting from across geographies, recognized vendor Professional capacities to China +1 and other products and of complex value- management accelerate growth industry tailwinds clients added garments momentum I N V E S T O R P R E S E N T AT
Slide 23: Thank You
GOKALDAS EXPORTS LIMITED Q3FY26 Thank You GOKALDAS EXPORTS LIMITED #25, 2nd Cross, 3rd Main, U S Industrial Suburb, Yeshwanthpur, Bangalore – 560 022, Karnataka, INDIA C O N T A C T Tel: +91 – 80 – 6895 1000 I NVESTOR RELATIONS DI WAK AR PI NGLE Diwakar.pingle@in.ey.com NI KI TA AT RI Ni kita.Atri @