Pearl Global Industries Limited (PGIL) Earnings Call Transcripts

Pearl Global Industries Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Pearl Global Industries Limited (PGIL) reported a record consolidated revenue of INR 1,314 crores, up 6.9% YoY, and a full-year revenue of INR 5,025 crores, reflecting an 11.5% increase. The company achieved an adjusted EBITDA of INR 135 crores for the quarter, with a margin of 10.3%, and a full-year PAT of INR 270 crores, up 17% YoY. Management signaled optimism for FY '27, anticipating higher volumes and improved profitability due to the easing of U.S. tariffs and new trade agreements, while maintaining a target of INR 6,000 crores in revenue by FY '28.

Reported metrics

Guidance from management

Management anticipates continued growth in FY '27, driven by improved profitability and higher volumes post-tariff reductions. They maintain a revenue target of INR 6,000 crores by FY '28.

What management said

Yes. So I would just like to correct here. In our segment reporting, we mentioned Hong Kong, India, Bangladesh, Vietnam and others. So what happened, Guatemala is part of our other segment where we have Indonesia as well. We have Dubai entity as well. We have U.S. entity as well. So it's not Guatemala, which is bringing the quarter 4 growth. As I mentioned, the growth is coming largely because of the high value and t...

All 3, as I mentioned, see, we follow a build to ship to model. So the Dubai, U.S. and Hong Kong -- sorry, Dubai, U.S. and Indonesia, Guatemala all will be combined in that other segment. So there is a growth of transaction in all these 3 geographies. And the billing, which happened through U.S. and Dubai happened for all the Bangladesh operations, also Vietnam operation and Indonesia operation. So largely, it is a c...

What analysts pressed on

Analysts expressed concerns over the significant decline in Indian revenue contribution and the sustainability of profitability in Guatemala. There were also questions regarding the impact of ongoing tariff costs and the ability to maintain margins amidst rising input costs.

Main topics on the call

• Record Revenue Performance — PGIL achieved its highest-ever consolidated revenue of INR 5,025 crores for FY '26, representing an 11.5% growth YoY. Management noted, 'FY '26 was a record year for us where we marked our highest ever consolidated reven...
• Improved EBITDA Margins — The adjusted EBITDA margin for Q4 FY '26 reached 10.3%, the highest ever for a quarter, driven by cost restructuring and operational efficiencies. CFO Sanjay Gandhi stated, 'Adjusted EBITDA margin stands at 10.9% at a gr...
• Easing of U.S. Tariffs — Management highlighted the reduction of U.S. tariffs from 50% to 10%, which is expected to enhance competitiveness and drive growth. Pallab Banerjee remarked, 'With the removal of U.S. tariffs, we anticipate higher volum...
• Expansion Plans — PGIL is on track to expand its capacity, with ongoing CapEx projects expected to add 6-7 million pieces by FY '27. The company aims to reach a capacity of 125-130 million pieces by FY '28, as stated by management.

Read the full Pearl Global Industries Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 8 Pearl Global Industries Limited earnings call transcripts on record, spanning February 13, 2024 to August 6, 2026. Based on this history, Pearl Global Industries Limited reports semi-annually. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PGIL

Exchange

NSEI

Country

IN

Sector

Consumer Discretionary

Industry

Textiles, Apparel and Luxury Goods

Calls on record

8

First call

February 13, 2024

Most recent

August 6, 2026

Reporting cadence

semi-annually