Pearl Global Industries Ltd (PGIL), one of India’s largest listed garment exporters, has registered 11.5% annual revenue growth in 2025-26 to touch ₹5,025 crore, the highest ever for the company. The performance has come during a year that was marked by frequent tariff changes in the US and continuing geopolitical tensions in the Gulf region.

The revenue for the January-March 2026 quarter at ₹1,314 crore, was its highest ever quarterly revenue, 6.9% Y-o-Y growth, the company said.

“In FY26, Group delivered another year of resilient performance against a complex geopolitical backdrop. Group achieved, among others, two major milestones this year: revenue crossed ₹5,000 crore mark and installed capacity surpassed 100 million pieces per annum. These achievements underscore the company’s scale, operational strength, and sustained growth momentum,” said Pulkit Seth, vice chairman and non-executive director, Pearl Global.

The company’s India operations were impacted by the tariff and penal duties imposed by the US during the year. “However, Pearl Global Industries leveraged its diversified, multi-country manufacturing presence to mitigate these challenges. This resilience enabled the company to deliver double-digit Y-o-Y growth and continuous improvement in profitability," he said.

During FY26, the company shipped 78.1 million pieces compared to 74.3 million pieces in FY25. Total installed capacity reached  approximately 101 million pieces, and with ongoing capacity expansion in Bangladesh expected to be completed by H1 FY27; it will further increase capacity by 6-7 million pieces during FY27, the company states.

“With the backdrop of changing geopolitics and Gulf conflicts we foresee energy cost escalation. This is staring to affect raw material and logistic cost.  Our customers are well aware of the increase in raw material prices and logistic costs, and these are being factored into the pricing strategies,” said Pallab Banerjee, Managing Director, Pearl Global.

With the company’s diversified customer base across geographies and continuous addition of new customers, Pearl Global will continue on its growth track to further solidify its business growth, Seth said. “With favourable tariff reductions, FTAs, and capacity readiness, we are well equipped to scale efficiently in the coming years and drive transformational growth, enhanced profitability, and long-term value for our stakeholders.”

The company is planning to outline capital commitment of ₹200-250 crore during FY27.

Pearl Global has manufacturing presence in multiple sourcing regions South Asia (India, Bangladesh), South-East Asia (Vietnam, Indonesia) and Central America (Guatemala). It is a leading long-term vendor to leading global brands, including Chicos, Kohl’s, Muji, Old Navy, Poligono, Primark, PVH, Ralph Lauren, and Target.