Gokaldas Exports Limited · NSE:GOKEX
Gokaldas Exports — Q4 FY25 Earnings Presentation
48 slides from Gokaldas Exports's earnings presentation, May 2025
Slide 1: Scaling New Heights - Investor Presentation 2025
GOKALDAS EXPORTS LIMITED 2025 Scaling New Heights I N V E S T O R P R E S E N T A T I O N
Slide 2: Contents
01 Q4 & FY25 04 R E S P O N SI BL E HIGHLIGHTS C O R PO R A T E E N T I T Y 03 - 12 32 - 42 02 KEY 03 G L O BA L 05 A B O UT G O K A L D A S PERFORMANCE A P PA R E L EXPORTS INDICATORS M A R KE T & A C H I E VE M E N T S 13-18 19-31 43 - 47
Slide 3: Q4 & FY25 Highlights
Q4 & FY25 Highlights 04 MANAGEMENT COMMENTARY 05 FI NANCIAL HIGHLIGHTS 10 SUMMARY OF CONSOLIDATED FI NANCIALS 12 RATIO ANALYSI S
Slide 4: Management Commentary and Outlook for FY26
Management COMMENTARY FY25 marks the first full year of consolidation following the acquisition of Atraco and Matrix Designs. The consolidated total income stood at ₹ 3,917 crore, reflecting a YoY growth of 63%, Commentary driven by contributions from both the acquired entities. Excluding these, the
Slide 5: Quarterly Highlights
Quarterly Highlights SUMMARY OF CONSOLIDATED PROFIT & LOSS STATEMENT ₹1,035 Cr. Comparable growth (₹ C R O R E S ) R E V E N U E 17% Y-o-Y I n Q4, about 32% of the revenue was contributed by KEY PERFORMANCE METRICS Q4FY25 Q3FY25 Q4FY24 YOY QOQ the acquired entities. On a like-for-like comparison, th
Slide 6: Financial Year Highlights
Financial Year Highlights Comparable growth SUMMARY OF CONSOLIDATED PROFIT & LOSS STATEMENT ₹3,917 Cr. 19% Y-o-Y (₹ C R O R E S ) R E V E N U E FY25 includes full-year consolidated results of the KEY PERFORMANCE METRICS FY25 FY24 YOY acquired entities, contributing ~34% to the group’s revenue. GEX’s
Slide 7: Contribution of Acquired Entities
Contribution of Acquired Entities 4QFY25 COMPANY-WISE CONTRIBUTION (₹ C R O R E S ) KEY PERFORMANCE METRICS GEX Acquired Entities1 Total TOTAL INCOME 706 329 1,035 I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 EBITDA 102 40 142 EBITDA Margin (%) 14.4% 12.2% 13.7% 1.Atraco & Matrix Full Year 2025
Slide 8: Financial Year Highlights - Financial Position
Financial Year 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 During the year, the company deployed ₹191 Cr. of capital towards machinery upgradation, additional capacity creation and made strategic investments of K E Y P E R F O R M ANCE M E T R I CS FY25 F
Slide 9: Financial Year Highlights - Cash Flow
Financial Year Highlights CASH FLOW ANALYSIS ₹412 Cr. (₹ C R O R E S ) O P E R A T I O N S C A S H F R O M During the year, the company generated incremental K E Y P E R F O R M ANCE M E T R I CS FY25 FY24 cash from operations of ₹146 Cr. over the previous year. The same was deployed in the working
Slide 10: 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% I N V E S T O R P R E S E N T AT
Slide 11: 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 I N V E S T O R P R E S
Slide 12: 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 ) 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 _ 2 0 2 5 FY22 12.0% FY22 -119 FY22 0.05 FY21 9.3% FY21 166 FY21
Slide 13: Operational KPI's
Operational KPI’s 14 KEY PERFORMANCE I NDICATORS 17 OUR GLOBAL DELIVERY REACH 18 I NVESTMENT TRACKER
Slide 14: Key Performance Indicators
Key Performance Indicators KEY PERFORMANCE INDICATORS NUMBER OF PI ECES SHIPPED SALES CONTRIBUTION BASI S ASP PRODUCT CATEGORY SALES Shipped (Mn Nos.) ASP (₹) >450 ASP (₹) <450 Fashionwear Outerwear Bottom wear Sportswear Healthcare I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 FY25 FY25 FY25 Con
Slide 15: Client Servicing Metrics
Key Performance Indicators1 CLIENT SERVICING METRICS LONG STANDING RELATIONSHIPS WI TH REVENUE CONTRIBUTIONS FROM PRODUCT CATEGORY GROWTH I NDEX GLOBAL MARQUEE BRANDS CUSTOMERS ADDED I N LAST 5 YEARS B AS E F Y1 8 Years of Relationship 10+ 5+ <5 FY25 FY24,FY23, FY22, FY21 FY21 FY22 FY23 FY24 FY25 Sa
Slide 16: Supply Side Metrics
Key Performance Indicators1 SUPPLY SIDE METRICS PURCHASE COMPOSITION I NBOUND SUPPLY CHAI N EFFICIENCY OUTBOUND SUPPLY CHAI N EFFICIENCY (I N % ) (I N % ) Domestic Imported Inbound Supply Chain Efficiency Outbound Supply Chain Efficiency I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 FY25 71% 29%
Slide 17: Our Global Delivery Reach
Our Global Delivery Reach NORTH AMERI CA (NA) EUROPE (EU) EU (I N % ) (I N % ) NA AS FY25 Consol 77.3% FY25 Consol 8.9% 1 1 FY25 80.3% FY25 6.0% FY24 80.8% FY24 6.1% AF FY23 84.8% FY23 3.7% I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 FY22 FY22 SA 84.3% 4.2% OC FY21 70.4% FY21 9.1% FY20 62.0% FY
Slide 18: Continue to Invest in Machinery for Expansion and Upgradation
Continue to Invest in Machinery for Expansion and Upgradation CAPI TAL EXPENDITURE (₹ I N C R O R E S ) ₹191 Cr. OF CAPEX DURING THE YEAR YE AR M O D E R NI Z ATI O N AN D U P G R 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 I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 FY23 28 97 1
Slide 19: Global Apparel Market
Global Apparel Market 20 RETAIL MARKET OVERVIEW 22 APPAREL TRADE TRENDS 25 TARIFF CHALLENGES & OPPORTUNITY 29 I NDIA APPAREL EXPORTS TREND 30 I NDIA-UK FTA POTENTIAL 31 CONCLUSION
Slide 20: EU-27, US, and China are the Largest Markets
EU-27, US, and China are the Largest Markets US CONTINUE TO WITNESS HEALTHY SPENDS ON APPAREL BY CONSUMERS US CONSTITUTES 16% SHARE OF WOMEN’S CATEGORY DOMINATE US CONSUMER SPENDS ON WORLD RETAIL APPAREL MARKET THE APPAREL SALE I N US WI TH APPAREL BOUNCED BACK M A K I N G I T T H E 2 nd L A R G E S
Slide 21: Steady US Retail Growth; UK Recovery on the Horizon
Steady US Retail Growth; UK Recovery on the Horizon 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% 5% * 3% -1% -0.1% -5%#
Slide 22: Global Textile & Apparel Trade Trends
Global Textile & Apparel Trade Trends TEXTILE & APPAREL TRADE I S EXPECTED TO REACH 1.2 TRILLION USD BY 2030 WI TH APPAREL HAVI NG A DOMINANT SHARE. (I n U S $ B N) Apparel production will continue to be T&A CAGR 3.5% closer to raw material centers I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 Ap
Slide 23: Early 2025 Import Uptick Meets US Tariff Uncertainty
Early 2025 Import Uptick Meets US Tariff Uncertainty INDIAN APPAREL EXPORTS RECOVERED IN FY25 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) 1% -10% 10% -17% 5% 10%# -22% 2% 11%* -15% 1% 20%^ I N
Slide 24: China Losing Share in the US Market
China Losing Share in the US Market SIMILAR TRENDS OBSERVED IN EU MARKETS MAJOR EXPORTING COUNTRIES TO US MAJOR EXPORTING COUNTRIES TO EU -27 MAJOR EXPORTING COUNTRIES TO UK (I N % ) (I N % ) (I N % ) 29% 28% 27% 29% 29% I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 37% 5% 5% 5% 5% 5% 36% 37% 35%
Slide 25: US Tariff Outburst and Impact on Landed Duty Paid
US’s Tariff Outburst US Apparel Imports 2024 US$ Bn Share% Reciprocal Tariff's announced on April 2nd Tariff's Paused on April 9th and Impact On China 16.5 21% *145% #30% Landed Duty Paid Vietnam 15.0 19% 46% 10% Bangladesh 7.3 9% 37% 10% India 4.7 6% 26% 10% Indonesia 4.3 5% 32% 10% Cambodia 3.8 5%
Slide 26: Tariff Impact on the Retail Price & Brand's Voice
Tariff Impact on the U.S. Retail Price Indices by Country of Origin Retail Price & Brand’s Voice on the Same In their paper “Tracking the Short -Run Price Impact of U.S. Tariffs,” Alberto Cavallo, Paola Llamas, and Franco Vazquez conclude that the announcement of U.S. tariffs prompted rapid but stil
Slide 27: India on the Top of Sourcing List Among Brands
India on the Top of Sourcing List Among Brands Respondents on sourcing value or volume for the following countries will change through 2026 As per the USFIA Fashion Industry To Increase Sourcing To Decrease Sourcing Benchmarking Study for 2024 57% India 4% India emerged as the leading sourcing desti
Slide 28: India's Scope to Gain Market Share in US Cotton & MMF Imports
India’s Scope to Gain Market Share in US Top Categories of Cotton & MMF Apparel Imports Imports in Imports Share (%) US Cotton Apparel Imports US$ Mn China Vietnam India Bangladesh Indonesia India has a decent market Trousers, bib and brace overalls, breeches and shorts 10937 11% 16% 3% 23% 5% share
Slide 29: 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) G E O G R AP H Y FY21 FY22 FY23 FY24 FY25 Fiber US 3.3 5.3 5.4 4.7 5.3 5% 5% I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 Y arn UK 1.1 1.
Slide 30: FTA with UK will be beneficial to Indian Apparel Exports
FTA with UK will be beneficial to Indian Apparel Exports INDIA RANKS 4TH IN UK’S APPAREL IMPORTS SHARE AT ~1 US$ BN UK APPAREL I MPORTS TOP UK APPAREL EXPORTERS (I N U S $ B N) (I n % ) India-UK FTA: Expanding Trade and Boosting Competitiveness. 24 Comprehensive Market Access: 23 Covers nearly 100%
Slide 31: 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 have apparel consumption markets. created widespread uncertain
Slide 32: Responsible Corporate Entity
Responsible Corporate Entity 33 A NEW PARADI GM OF PURPOSE 34 RADICAL ENVI RONMENTAL ACTI ON 35 I MPACT CREATED 36 EMPOWERMENT AT SCALE 37 I NTEGRITY I N ACTI ON 38 OUR CSR I NITIATI VES 40 EMPLOYMENT ENGAGEMENT 41 AWARDS & EXHIBITION
Slide 33: A New Paradigm of Purpose
A New Paradigm of Purpose As a global apparel leader, we recognize that our actions shape not only our business but also the communities and ecosystems we touch. 01 From 02 Guided by 03 Our True Compliance O u r E S G vis ion is rooted in Global Ideals North to Conviction I N V E S T O R P R E S E N
Slide 34: Radical Environmental Action
Radical Environmental Action Water Positivity Zero Waste to Net Zero by 2030 Landfill by 2030 Our environmental journey is 92% of our water needs defined by bold ambitions and by 2045 are met through 80% of all production A science-based solid waste is recycled measurable results. We are advanced re
Slide 35: Impact Created
Impact Created Renewable Renewable Electricity GHG Emission Water Production Waste Energy Mix Procurement Intensity Recycled Recycled (I n % ) (I n % ) (Pe r Pi e c e ) (M i l l i o n L i te r s ) (To n s ) I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 4,689 81% 27% 78% 1.2 257 4,143 1.12 192 35_
Slide 36: Empowerment at Scale
Empowerment at Scale Gokaldas Exports is a movement of 51,000+ individuals-each one empowered, protected, and given a platform to rise Women at Skill as a Safe, Inclusive, Community the Forefront Right and Fair Upliftment I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 28,000 Employees Upskilled 30
Slide 37: Integrity in Action
Integrity Key Initiatives in Action Governance Ethical Sourcing & Traceability Global Beyond the Supplier Trust Boardroom Development I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 ESG oversight Only certified, From design to Chosen by the at the highest ethical suppliers- delivery, every world’s
Slide 38: Our CSR Initiatives
Our CSR Initiatives Gokaldas Exports is dedicated to corporate social responsibility (CSR), Climate Action Community Equality & Education & focusing on education, women empowerment, climate action, & Environment Development Empowerment Skill Development Focus Areas environment, and community develop
Slide 39: CSR Initiatives
CSR Initiatives I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 Supported with ENT OT setup equipment at Planted 8,500 saplings at BSF land near Nandi D.Babu Jaga Jeevan Ram General Hospital. Hills to drive afforestation efforts. 39_ G O K AL D AS E X P O R T S L I M I T E D Supported with a Multip
Slide 40: Employment Engagement
Employment Engagement Mathe En Samachara: Radio Program initiative blending motivation, information, and storytelling to connect with employees. I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 Diksoochi: A Supervisory Development Program enabling a future-ready, skilled supervisory workforce. 40_ G
Slide 41: Awards
Awards Certified as a Great Place to Work. I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 Received Citi-RBC Best HR Practices Award. 41_ G O K AL D AS E X P O R T S L I M I T E D Recognised as one of the Best Organisations for Women 2025 by ET Now.
Slide 42: Excellence Through Innovation
Excellence Through Innovation I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 42_ G O K AL D AS E X P O R T S L I M I T E D Our Central Maintenance Department hosted an Innovation Day at the Head Office, showcasing innovative strategies to maximize machine and resource efficiency.
Slide 43: About Gokaldas Exports and Achievements
About Gokaldas Exports and Achievements 44 ABOUT GOKALDAS EXPORTS LTD 45 MANUFACTURING PROWESS 46 I NTEGRATED VALUE CHAI N 47 I NVESTMENT MERITS
Slide 44: 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 45: With Strong In-house Capabilities
With Strong In-house Capabilities I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 Worldclass In-house Testing Lab Robust Product Polyfill manufacturing Quilting Design Studio with Accredited by Development and using latest manufacturing 3D capability leading brands Sampling set-up technology capabi
Slide 46: 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 47: 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 I N V E S T O R P R E S E N T AT I O N _ 2 0 2 5 industry tailwinds clients added ga
Slide 48: Thank You
GOKALDAS EXPORTS LIMITED 2025 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 @in