Pearl Global Industries Limited · NSE:PGIL
Pearl Global Industries — Investor Presentation (July 2025)
37 slides from Pearl Global Industries's investor presentation, July 2025
Slide 1: Diversifying Horizons. Strengthening Foundations.
Diversifying Horizons. Strengthening Foundations. Pearl Global Industries Limited Corporate Presentation July 2025
Slide 2: 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 3: Pearl Global: Everything from Fibre to Fashion
Pearl Global: Everything from Fibre to Fashion Founded in 1987, Pearl Global Industries Limited (PGIL) is a leading apparel manufacturer offering end-to-end sustainable solutions to the fashion industry. We began our journey with a single unit in New Delhi and today we are proud to have over 28,000
Slide 4: Our Journey Spanning over 37 Years
Our Journey Spanning over 37 Years 1987 1998 2002 2004 Commenced commercial Established presence in Hong Built import and distribution in the US and the UK operations Kong Started operations in Indonesia Commenced Norp 1 operations in Bangladesh 2020 2017 2014-16 2007-11 2014: Commenced operations i
Slide 5: Board of Directors
Board of Directors Dr. Deepak Kumar Seth Mr. Pulkit Seth Mrs. Shifalli Seth Mr. Pallab Banerjee Chairman Vice Chairman Non-Executive Director Managing Director Mr. Abhishek Goyal Mrs. Jyoti Arora Mr. Shailesh Kumar Mr. Deepak Kumar Independent Independent Executive Director Executive Director Direct
Slide 6: Architects of our Vision & Leaders Behind our Mission
Architects of our Vision & Leaders Behind our Mission Architects Leaders Mrs. Shifalli Seth Mr. Pallab Banerjee Mr. Sanjay Thought Leader- Managing Director Gandhi Design & CSR Group CFO Dr. Deepak Kumar Seth (Chairman) Mr. Gurusankar Mr. Amit Kumar Gurumoorthy Mr. Vikas Mehra Director – CEO - Vietn
Slide 7: Our Manufacturing Units Are Strategically Located to Meet Expectations of Customers
OUR MANUFACTURING UNITS ARE STRATEGICALLY LOCATED TO MEET EXPECTATIONS OF CUSTOMERS ACROSS GEOGRAPHIES 7
Slide 8: Today Our Presence Is Global
TODAY OUR PRESENCE IS GLOBAL THANK YOU The U.K. SPAIN The US (NEW YORK) BANGLADESH HONG KONG For further information, please contact GUATEMALA The Company : Investor Relations Advisors UAE : VIETNAM INDIA [GURUGRAM, CHENNAI, BENGALURU, MUZAFFARPUR (BIHAR)] INDONESIA CIN: L74899DL1989PLC036849 CIN: U
Slide 9: Manufacturing Facilities
Manufacturing Facilities Capacity Gender wise Split Wovens Knits Utilisation % Annual Capacity in Location No of Units Specialization (Blended) Million Pieces Tops, Shirts, Long Shirts, Dresses, Tops, Skirts, 2024-25 Women Dresses, Sleepwear, Sweaters, T-Shirts, In-House Partnership Hoodies, Legging
Slide 10: Synergies from Partnership Model
Synergies from Partnership Model Working Capital Investment Responsible for optimum capacity utilization at Industrial Engineer Pearl partner facility Designing Global Ensures Compliances Monitors Production Processes Appointment of Industrial Engineer Fabric Procurement 26% Capex and Labour Expense
Slide 11: Key Customers
PEARL GLOBAL MANG = At tr, Ne NGC Getting Catv bigger & better with _ Key Customers every collaboration! TOMMY SB HILFIGER Calvin Klein > o ae (
Slide 12: Robust Customer Portfolio
Robust Customer Portfolio Tommy Hilfiger Calvin Klein Bershka Ann Taylor GAP American Eagle Chico’s Next Old Navy Ralph Lauren Outfitters Loft Zara Muji Mango Kohl’s Macy’s Ross Aerie Walmart Nordstorm Belk JC Penny Bass pro Shops Talbots Target Australia Kmart Australia Aritzia Primark T J Maxx Big
Slide 13: Robust Growing Customer Relationship
Robust Growing Customer Relationship Revenue contribution of long-term vs newer customers Revenue contribution from customers added in last 5 years 40.0% 40.0% 60.0% 4.7% 5+ years <5 years FY19 FY25 ✓ Our long-term, 5-year customers continue to strengthen their relationship with us ✓ Many customers
Slide 14: Operational Excellence
PEARL GLOBAL PEAR! GLOBAL Exceeding Expectations...Always Conscious steps towards a Sustainable future if; a Operational Excellence
Slide 15: Digitization
Digitization END OF LINE FABRIC VETTED FABRIC CUTTING - PCS INSPECTION FINISHING RECEIVE PLY TO GARMENT QR FINISHING QUALITY ISSUE PCS CODE ISSUE INSPECTION SAP GRN FABRIC ROLLS SUPERMARKET DISPATCH PACKING CREATION FABRIC QR CODE ROLL TO INVENTORY CUTING - PILES PRODUCTION LINE WASHING UPDATE GARME
Slide 16: Cotton Traceability
Cotton Traceability KNITTING PROCESSING GARMENT GINNING SPINNING RETAILERS MANUFACTURING WEAVING Doc Set 1 Doc Set 2 Doc Set 3 Doc Set 4 Doc Set 5 1. Invoice 1. Invoice 1. Invoice 1. PO to 1. Invoice 2. Packing list 2. Packing list 2. Packing list customer 2. Packing list 3. E-way bill 3. E-way bill
Slide 17: Efforts Towards Sustainable Production #MISSION ZERO
Efforts Towards Sustainable Production MAKE THE WORLD Aqua Less Missi n A BETTER PLACE WITH LESS It’s our new technology to reduce 85%the water Dry bag softener step Aqualess Oz-One Dry Bag Novascraper Indigo Aged Powder Softner Conventional Aqua Less Missi n 85% WATER REDUCTION DESIZING – STONE WAS
Slide 18: Industry Updates & Key Growth Drivers
Industry Updates & Key Growth Drivers
Slide 19: India-UK FTA: Revenue & Market Growth Opportunities for PGIL
India-UK FTA:Revenue & Market Growth Opportunities for PGIL Industry Overview Opportunities to PGIL UK’s Apparel Imports stood at USD 18.4 bn in 2024 The FTA places India on equal footing with countries like Bangladesh, Cambodia, Vietnam, and Turkey, which previously enjoyed preferential access to t
Slide 20: Our Unique Proposition
Our Unique Proposition Multinational Presence Robust Design Team Shift Towards Asset Light Model Strong Customer Relationship • 25 manufacturing facilities • Fashion trend analysis by • Partnership model to drive • Long term relationship with well- spread across 5 countries talented design personnel
Slide 21: Growth Drives for PGIL
Growth Drives for PGIL Diversified global presence and product offering Strategic capacity / geographical expansion & New customer acquisition Strong customer relationship and penetration Advanced Design Capabilities and Automation Optimum utilization of existing facilities Asset light model - Growt
Slide 22: Key Financial Highlights
PEARL GLOBAL Exceeding Expectations...Always We believe in the Triple Bottom Line Approach \ KA Key Financial Highlights OOS
Slide 23: Consolidated Group Performance – FY25
Consolidated Group Performance – FY25 In Rs. Crore Revenue Adj EBITDA* CAGR of 32% CAGR of 61% 9.2% 9.1% 8.2% 4,506 411 3,436 5.2% 3,158 316 2,714 4.1% 258 1,491 61 141 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 EBITDA EBITDA Margin(%) Adj PBT# PAT after Minority Interest (MI)^ 5.8% 300 7.0 %
Slide 24: Working Capital Cycle
Working Capital Cycle Working Capital Days Inventory Days 67 73 63 68 59 57 53 38 38 30 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Debtor Days Creditor Days 59 60 59 52 49 45 45 28 26 24 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Ratios are calcu
Slide 25: Consolidated Financial Parameters
Consolidated Financial Parameters In Rs. Crore Networth Net Debt Cash and Bank Balance^ 414 1,146 513 817 743 207 615 285 530 154 254 79 144 109 -15 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Return on Capital Employed (%)* Return on Equi
Slide 26: Consolidated Performance Highlights – FY25
Consolidated Performance Highlights – FY25 Geographical Revenue (Export) Split No of Pieces Shipped (Mn Pieces) Product wise Split (Value %) (In Rs. Crore) 74.3 4,506 56.9 1,196 59% 55% 3,436 63% 3,158 70% 72% 2,714 954 1,104 934 1,491 3,310 2,482 45% 771 2,055 41% 1,780 37% 30% 28% 720 FY21 FY22 FY
Slide 27: Standalone Performance – FY25
Standalone Performance – FY25 In Rs. Crore Revenue Adj EBIDTA* CAGR of 12% 80Turned Positive 6.4% 10. 0% 140 0 70 5.6% 4.4% 5.2% 8.0 % 66 120 0 60 1,196 71 6.0 % 1,104 50 100 0 49 4.0 % 954 40 800 934 30 41 771 2.0 % 600 20 0.0 % 400 10 -0.5% -2.0% 0 200 -10 -4 -4.0% 0 FY21 FY22 FY23 FY24 FY25 FY21
Slide 28: Risk Mitigation & Governance
Risk Mitigation & Governance
Slide 29: Risk Management
Risk Management Currency Raw Material Early projection and booking of raw materials, Maintaining a natural hedge in all along with periodic review of physical count & overseas operations, including India utilization of stock export-forward cover Social and Ethical Compliance Product Robust internal
Slide 30: Robust Governance to Protect Value
Robust Governance to Protect Value Structure & Integrity PGIL Group Initiatives People & Team ▪ Deloitte appointed as Statutory auditor in Hong Kong ▪ Ernst & Young appointed as Internal auditor in India, Bangladesh and Vietnam ▪ KPMG appointed as Statutory auditor in Bangladesh GOVERNANCE Policies
Slide 31: Improving Credit Rating over the Years
Improving Credit Rating over the Years FY22 FY23 FY24 FY25 Long Term [ICRA] BBB (Stable) [ICRA] BBB+ (Stable) [ICRA] A- (Stable) [ICRA] A (Stable) Short Term [ICRA] A3+ [ICRA] A2 [ICRA] A2+ [ICRA] A1 Reasons for Upgrade • Healthy performance in H1FY25 with expectation of a sustained revenue growth a
Slide 32: Consistent Dividend Payout
Consistent Dividend Payout The Company has finalised a dividend policy wherein 22.5% 22.9% the Company will declare Dividend Payout 18.6% dividend of at least 20% of (%) 15.4% the consolidated profit 10.6% after tax in a given year to 9.7% the shareholders 230.8 169.1 153.0 Profit after tax (in Rs.
Slide 33: Way Forward
PEARL GLOBAL Exceeding Expectations...Always Way Forward
Slide 34: Guidance vs Achievement
Guidance vs Achievement Added capacity in existing facilities (Gurgaon, Bangalore, Chennai) and expanded into Tier-2 Capacity expansions in India 1 1 cities like Muzaffarpur, Bihar. New facilities Guidance underway in Bhubaneswar and Indore At the consolidated level, adjusted EBITDA margin stood at
Slide 35: Capex Update for FY25 and Planned Capex for FY26
Capex Update for FY25 and Planned Capex for FY26 Capex done during the year FY25 • Details: • Company has incurred the capex Rs. 135 Crore in FY25 • Rs. 75 crore for capacity expansion / sustainable laundry capacity expansion • Rs. 22.5 crore towards land acquisition in Bangladesh for future capacit
Slide 36: Way Forward: Maximising Return to Stakeholders
Way Forward GROWTH IN EBIT BORROWING LEVERAGE WORKING CAPITAL Maximising CAPITAL OPTIMIZATION Return to ALLOCATION Stakeholders OPTIMUM UTILISATION OF GOVERNANCE FIXED ASSETS FRAMEWORK 36
Slide 37: For further information, please contact
For further information, please contact Company: Investor Relations Advisors: Pearl Global Industries Limited Strategic Growth Advisors Pvt. Ltd. CIN: L74899DL1989PLC036849 CIN: U74140MH2010PTC204285 Mr. Sanjay Gandhi - Group CFO sanjay.gandhi@pearlglobal.com Mr. Karan Thakker karan.thakker@sgapl.ne
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