GOKALDAS EXPORTS LTD.
P&L
Quarterly Consolidated
vs Q2 FY26
Gokaldas Exports Q3FY26 Total Income Holds Steady Despite US Tariff Impact
31 Jan 2026 · 31 Jan, 11:11 pm
Summary
Gokaldas Exports consolidated Q3FY26 Total Income held steady YoY, despite the first full quarter of US tariff impact. The company reported an EBIDTA of Rs. 96 crores with margins at 9.7% in Q3FY26, impacted mainly due to US tariff rebates. Productivity gains, strong order book and better cost management helped in absorbing the above impact to a good extent.
Key Highlights
- 1
Gokaldas Exports registered a total income of Rs. 998 crores in Q3FY26, holding steady YoY.
- 2
India operation continues to maintain its growth momentum of 8% YoY, weathering the first full impact of US tariff in the current quarter.
- 3
AGOA uncertainty and supply chain delays impacted Africa business during the quarter.
- 4
The company reported an EBIDTA of Rs. 96 crores with margins at 9.7% in Q3FY26.
- 5
Productivity gains, strong order book and better cost management helped in absorbing the US tariff impact.
Management Comments
Mr. Sivaramakrishnan Ganapathi
Our India operation delivered a growth of 8% YoY, even after absorbing the first full impact of US tariffs in this quarter, whereas apparel export from India remained flat. With a possible renewal of AGOA on the cards, there is a stronger order book for Africa improving the outlook. The EBITDA margin was tempered by US tariff, but was offset by higher productivity gain and diligent cost management measures.
Informational and educational content only. Not investment advice.