Pearl Global Industries Limited · NSE:PGIL
Pearl Global Industries — Q4 FY26 Earnings Presentation
33 slides from Pearl Global Industries's earnings presentation, May 14, 2026
Slide 1: Stock exchange cover letter: Investor Presentation on Financial Results
PGIL/SE/2026-27/12 Date: May 14, 2026 THE GENERAL MANAGER, THE GENERAL MANAGER, DEPARTMENT OF CORPORATE SERVICES - CRD LISTING DEPARTMENT BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LTD. 1ST FLOOR, NEW TRADING RING “EXCHANGE PLAZA”, PLOT NO. C- 1, ROTUNDA BUILDING, P. J. TOWERS G- BLOCK, BANDRA - K
Slide 2: Investor Presentation May 2026: Diversifying Horizons. Strengthening Foundations.
Pearl Global Industries Limited Investor Presentation May 2026 Diversifying Horizons. Strengthening Foundations.
Slide 3: Safe Harbour
Safe Harbour This presentation has been prepared by and is the sole responsibility of Pearl Global Industries Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitat
Slide 4: Q4 & FY26 Business Highlights
Q4 & FY26 Business Highlights
Slide 5: Management Commentary
Management Commentary Commenting on the Results, Mr. Pulkit Seth, Vice-Chairman & Non-Executive Director, said: “In FY26, Pearl Group delivered another year of resilient performance against a complex geopolitical backdrop. Group achieved, among others, two major milestones this year: revenue crossed
Slide 6: Management Commentary
Management Commentary Commenting on the Results, Mr. Pallab Banerjee, Managing Director said: “In FY26, we achieved second consecutive year of double-digit growth and improved profitability. Revenue for FY26 reached at Rs. 5,025 crore, highest ever reflecting a 11.5% year-on-year growth, while EBITD
Slide 7: Resilient Growth Story Continues with Record FY26 Performance
Resilient Growth Story Continues with Record FY26 Performance Consolidated Performance FY26 Q4FY26 • In FY26, revenue increased by 11.5% led by volume and high value-added product growth in overseas business Revenue Rs. 5,025 crore 11.5% Y-o-Y Rs. 1,314 crore 6.9% Y-o-Y • Adj. EBITDA stood at Rs. 46
Slide 8: Consistent Dividend Payout
Consistent Dividend Payout 22.9% 24.7% The Company has finalised 22.5% a dividend policy wherein 15.4% Dividend Payout the Company will declare 10.6% (%) dividend of at least 20% of the consolidated profit after tax in a given year to FY22 FY23 FY24 FY25 FY26 the shareholders 270 231 169 153 70 67 5
Slide 9: Capex Update for FY26
Capex Update for FY26 Planned Capex for FY26 Current Update • Substructure civil works and superstructure steel framework is Capacity Expansion in Bangladesh Rs. 110 crore completed • 87% of capex for building committed • Complete constructions expected to be completed by early Q2 FY27 Capacity Expa
Slide 10: Consolidated Financials
Consolidated Financials
Slide 11: Consolidated Group Performance – FY26
Consolidated Group Performance – FY26 In Rs. Crore Excluding the Revenue Adj EBITDA* reciprocal tariff impact of ~Rs. 36 crore and 5.2% 8.2% 9.2% 9.1% 9.3% incremental loss in Bihar / 5,025 468 Guatemala of 4,506 411 ~Rs. 13 crore, Adj. EBITDA 3,158 3,436 316 margin stands at 2,714 258 ~10.3% 141 FY
Slide 12: Consolidated Group Performance – Q4FY26
Consolidated Group Performance – Q4FY26 In Rs. Crore Excluding the Revenue Adj EBITDA* reciprocal tariff impact of ~Rs. 5 crore and 4.4% 8.8% 9.6% 9.7% 10.3% incremental loss in Bihar / 1,314 135 Guatemala of 1,229 119 ~Rs. 3 crore, Adj. EBITDA margin 896 877 84 stands at ~10.9% 730 64 40 Q4FY22 Q4F
Slide 13: Consolidated Financial Parameters
Consolidated Financial Parameters In Rs. Crore Net Worth Gross Debt Cash and Bank Balance^ 1,438 687 634 1,146 564 552 513 448 445 743 817 615 254 285 144 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Return on Capital Employed (%)* ROE (%)
Slide 14: Working Capital Cycle
Working Capital Cycle Working Capital Days Inventory Days 63 73 64 59 57 43 53 38 38 30 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Debtor Days Creditor Days 49 59 52 51 45 45 28 30 24 26 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Ratios are calcu
Slide 15: Consolidated Performance Highlights – FY26
Consolidated Performance Highlights – FY26 Geographical Revenue (Export) Split No of Pieces Shipped Geographical Revenue (Export) Split (Rs. crore) (Mn Pieces) (Value in %) 5,025 78.1 74.3 4,506 1,081 1,196 3,436 59% 55% 3,158 70% 72% 73% 2,714 954 1,104 934 3,944 3,310 2,482 45% 2,055 41% 1,780 30%
Slide 16: Manufacturing Facilities
Manufacturing Facilities Capacity Utilization Annual Capacity as on Revenue % (FY26) Location No of Units Specialization % (Blended) FY26 FY26 In-House Partnership 25.0% Woven and Knit products including Top, India 8 - 62.0% 25.9 mn pieces p.a. Bottoms and dresses, women’s fashion wear, men’s wear a
Slide 17: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Particulars (In Rs. crore) Q4 FY26 Q4FY25 Y-o-Y FY26 FY25 Y-o-Y Revenue Revenue from Operations 1,314 1,229 6.9% 5,025 4,506 11.5% In FY26, revenue increased by 11.5% led by volume and high value- Cost of Goods Sold 672 649 2,634 2,372 added product growth in o
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (In Rs. crore) Mar-26 Mar-25 Liabilities (In Rs. crore) Mar-26 Mar-25 Non-Current assets Equity Property, Plant and Equipment 479 413 Equity Share capital 23 23 Capital work-in-progress 110 44 Other Equity 1,437 1,133 Investment Property 55 56 Non Controlling Intere
Slide 19: Consolidated Cash Flow
Consolidated Cash Flow Particulars (In Rs. Crore) Mar-26 Mar-25 Net Profit Before Tax 309 267 Adjustments for: Non -Cash Items / Other Investment or Financial Items 248 150 Operating profit before working capital changes 557 417 Changes in working capital -121 -205 Cash generated from Operations 437
Slide 20: Standalone Financials
Standalone Financials
Slide 21: Standalone Performance – FY26
Standalone Performance – FY26 In Rs. Crore Excluding the Revenue Adj EBITDA* reciprocal tariff impact of ~Rs. 19 crore, Adj. 4.4% 6.4% 5.2% 5.6% 6.2% EBITDA margin stands at ~8.0% 1,196 71 67 1,104 1,081 66 934 954 49 41 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Adj PBT# PAT^ 3.2% 4.6% 3.3%
Slide 22: Standalone Performance – Q4FY26
Standalone Performance – Q4FY26 In Rs. Crore Excluding the Revenue Adj EBITDA* reciprocal tariff impact of ~Rs. 5 4.0% 8.1% 6.4% 10.2% 7.9% crore, Adj. EBITDA margin 40 stands at ~9.6% 397 350 320 304 24 275 22 21 14 Q4FY22 Q4FY23 Q4FY24 Q4FY25 Q4FY26 Q4FY22 Q4FY23 Q4FY24 Q4FY25 Q4FY26 Adj PBT# PAT^
Slide 23: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement Particulars (In Rs. crore) Q4FY26 Q4FY25 Y-o-Y FY26 FY25 Y-o-Y Revenue Revenue from Operations 304 397 -23.4% 1,081 1,196 -9.6% India standalone revenue decreased by 9.6% in FY26 largely because of Cost of Goods Sold 131 181 450 537 adverse impact caused by recip
Slide 24: Standalone Balance Sheet
Standalone Balance Sheet Assets (In Rs. crore) Mar-26 Mar-25 Liabilities (In Rs. crore) Mar-26 Mar-25 Non Current assets Equity Property, Plant and Equipment 153 158 Equity Share capital 23 23 Capital work-in-progress 0 1 55 Other Equity 559 539 Investment Property 56 Other Intangible Asset 2 2 Tota
Slide 25: Standalone Cash Flow Statement
Standalone Cash Flow Statement Particulars (In Rs. crore) Mar-26 Mar-25 Net Profit Before Tax 78 63 Adjustments for: Non -Cash Items / Other Investment or Financial Items -5 23 Operating profit before working capital changes 73 86 Changes in working capital -34 -32 Cash generated from Operations 38
Slide 26: Historical Financial Statements
Historical Financial Statements
Slide 27: Consolidated Profit And Loss Statement
Consolidated Profit And Loss Statement Profit and Loss (In Rs. Crore) FY26 FY25 FY24 FY23 FY22 Revenue from Operations 5,025 4,506 3,436 3,158 2,714 Cost of Goods Sold 2,634 2,372 1,698 1,630 1,511 Gross Profit 2,391 2,134 1,738 1,529 1,203 Gross Profit Margin 47.6% 47.4% 50.6% 48.4% 44.3% Employee
Slide 28: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (In Rs. crore) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Liabilities (In Rs. crore) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Non-Current assets Equity Property, Plant and Equipment 479 413 369 288 258 Equity Share capital 23 23 22 22 22 Capital work-in-progress 110 44 35 33 15 O
Slide 29: Consolidated Cash Flow
Consolidated Cash Flow Particulars (In Rs. Crore) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Net Profit Before Tax 309 267 192 176 86 Adjustments for: Non -Cash Items / Other Investment or Financial Items 248 150 136 68 76 Operating profit before working capital changes 557 417 328 244 162 Changes in workin
Slide 30: Standalone Profit And Loss Statement
Standalone Profit And Loss Statement Profit and Loss (In Rs. Crore) FY26 FY25 FY24 FY23 FY22 Revenue from Operations 1,081 1,196 954 1,104 934 Cost of Goods Sold 450 537 415 542 428 Gross Profit 631 659 539 562 506 Gross Profit Margin 58.3% 55.1% 56.5% 50.9% 54.2% Employee Cost 270 274 234 197 152 O
Slide 31: Standalone Balance Sheet
Standalone Balance Sheet Assets (In Rs. crore) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Liabilities (In Rs. crore) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Non Current assets Equity Property, Plant and 153 158 153 128 124 Equipment Equity Share capital 23 23 22 22 22 Capital work-in-progress 0 1 14 7 - Other Eq
Slide 32: Standalone Cash Flow
Standalone Cash Flow Particulars (In Rs. Crore) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Net Profit Before Tax 78 63 30 62 36 Adjustments for: Non -Cash Items / Other Investment or Financial Items -5 23 35 1 30 Operating profit before working capital changes 73 86 66 62 66 Changes in working capital -34 -
Slide 33: Contact Us
Contact Us Company : Investor Relations Advisors : CIN: L74899HR1989PLC036849 CIN: U74140MH2010PTC204285 Mr. Sanjay Gandhi - Group CFO sanjay.gandhi@pearlglobal.com Ms. Dhresha Shah sanjay.gandhi@pearlglobal.com dhresha.shah@sgapl.net +91 98331 05108 Mr. Shishir Gahoi – Head - Investor Relations Mr.
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