Pearl Global targets Rs 10,000 crore revenue with expansion of multi-country supply chain

While overall Indian apparel output contracted by 5.6 percent during H1, FY27 amid subdued Western demand and elevated input costs, Pearl Global Industries outperformed sector headwinds by recording a 31.1 per cent year-on-year consolidated revenue growth to Rs 3,330 crore. The company’s shipments rose to 43.6 million garments from 37.1 million pieces a year earlier, propelling Q2 consolidated net profit up by 74.7 per cent to Rs 126 crore and lifting half-yearly EBITDA margins to a record 10.5 per cent. 

Diversified production and disciplined execution 

To achieve its FY30 revenue target of Rs 9,000–10,000 crore, the manufacturer has committed Rs 675–725 crore in capital expenditure. A key operational milestone is its newly commissioned Bangladesh facility, which adds roughly 7 million garments in annual capacity across high-margin outerwear and activewear categories. Pallab Banerjee, Managing Director, notes, a diversified manufacturing footprint and disciplined execution remain central to sustaining momentum, particularly as pending bilateral trade agreements with the UK and European Union promise duty-free competitive advantages. However, management continues to navigate regional wage volatility in Bangladesh and working capital cycles tied to peak holiday shipments. 

Producing over 100 million garments annually 

Established in 1987, Pearl Global Industries manufactures knitwear, woven apparel, denim, and activewear for international fashion retailers across the US, Europe, and Japan. Operating 26 facilities across five countries with a 108-million-piece annual capacity, the company targets Rs 10,000 crore in revenue by FY30 following record H1 FY27 profitability and cash reserves of Rs 638 crore.