Gokaldas Exports (GOKEX) investor relations material

Executive summary

• Q1 FY27 consolidated income grew 21% year-over-year, driven by strong India (16% YoY growth) and Africa (44-45% YoY growth) business performance, outperforming a 12% decline in Indian apparel exports.

• Consolidated revenue from operations reached Rs. 115,351.37 lakhs, up 20.7% year-over-year.

• Operating leverage, automation investments, and disciplined cost management offset higher wage, raw material, and logistics costs.

• Tariff and trade developments, including new US tariffs and India-UK FTA, are expected to support future growth.

• Net profit for the quarter was Rs. 4,429.82 lakhs, a 6.8% increase year-over-year.

Financial highlights

• Total income for Q1 FY27 was Rs. 1,18,017.13 lakhs, up 21% year-over-year.

• Consolidated EBITDA grew 17% year-over-year to Rs. 13,900 lakhs, with margin at 11.8%.

• India contributed Rs. 94,100 lakhs in income (16% YoY growth), Africa Rs. 23,900 lakhs (44-45% YoY growth).

• Profit before tax increased 11% YoY to Rs. 6,300 lakhs; profit after tax rose 6.8-7% YoY to Rs. 4,429.82 lakhs.

• Standalone revenue from operations reached Rs. 75,166.11 lakhs, up 17.8% year-over-year.

Outlook and guidance

• Management expects mid-teens or better revenue growth for FY27, with Q2 performance similar to Q1.

• Africa revenue visibility is $112-115 million for FY27, with a push towards $120 million.

• EBITDA margins are expected to be higher than 10%, supported by product mix, rupee depreciation, and BTPL merger.

• The company is obtaining final approvals for the amalgamation with BRFL Textiles Private Limited, expected to enhance future growth.

• Ongoing customer portfolio expansion and operational excellence are expected to capitalize on improving market conditions.