Pearl Global Industries Limited (PGIL), India’s largest listed garment exporter, reported consolidated revenue of ₹2,541 crore for the first half of fiscal year 2026, marking a 12.7 per cent year-on-year increase. The company announced its unaudited financial results for the quarter and half-year ended September 30, 2025, on Monday.
The company’s adjusted EBITDA grew 18.4 per cent to ₹236 crore in H1FY26, with margins improving to 9.3 per cent. Profit after tax rose 17 per cent to ₹138 crore during the period. For the second quarter alone, revenue stood at ₹1,313 crore, up 9.2 per cent year-on-year, while PAT increased 29.4 per cent to ₹72 crore.
PGIL shipped 19.9 million pieces in Q2FY26, the highest ever for a second quarter. The board declared an interim dividend of ₹6 per equity share, representing a 20 per cent payout ratio. The company’s cash and mutual fund holdings totaled ₹544 crore as of September 30, 2025, up from ₹513 crore in March.
Vice-Chairman Pulkit Seth highlighted the strength of the company’s diversified multi-country manufacturing model, particularly citing strong performance from Vietnam and Indonesia operations. Managing Director Pallab Banerjee noted that the US market now contributes approximately 50 per cent of group revenue, down from 86 per cent in FY21, reflecting the company’s strategy to reduce dependency on a single market.
The shares of Pearl Global Industries Limited (PGIL) ended on the NSE today at ₹1,408 down by ₹2.90 or 0.21 per cent.
Published on November 11, 2025
