GOKEXBSEGokaldas Exports LtdHighNeutral
Announced Fri, 22 May · 23:45 IST

Press Release on the audited financial results of the Company for the quarter and year ended March 31, 2026.

Mgmt Guided Margin PressureInvestor Communications View source PDF

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AI summary

Gokaldas Exports reported FY26 total income of Rs. 4,065 crores, up 4% YoY, with Q4FY26 income at Rs. 1,087 crores (5% YoY growth). Despite US tariff headwinds causing a 15 bps YoY decline in full-year EBITDA margin to 10.7%, the company maintained margins through productivity gains and cost management. Q4FY26 EBITDA margin was 12.4%, impacted by 131 bps due to US tariff rebates. Africa business grew 17% YoY as AGOA renewal benefited the region. However, PAT declined 37% to Rs. 100 crores in FY26. Management remains confident in navigating near-term challenges and sees long-term macroeconomic trends favoring India sourcing.

Likely market impact

Margins remained resilient despite significant tariff headwinds, showing strong operational execution. The 37% PAT decline and 21% PBT decline may concern short-term investors, though the company outperformed industry exports (which fell 10%) and maintained EBITDA margins near prior year levels.