For the first quarter Gokaldas Exports’ revenues grew year-on-year by 14.5 per cent. This improved performance means the company has managed to offset the negative impact of a reduction in export incentives brought about by a reduction in duty drawback rates.
This is a one-stop shop for the world’s most acclaimed brands. It is the largest manufacturer and exporter of apparels in India with an annual turnover of $200 million. Nearly 25,000 people work across 23 manufacturing units. The company is making efforts in growing top line by ensuring better share from existing customers and acquiring new customers. It is also improving profitability through cost optimization and efficiency improvements.
Gokaldas has a diversified product portfolio across various categories of garments for men, women as well as children. It operates from 20 units spread across Karnataka, Tamil Nadu and Andhra Pradesh and has an installed capacity to produce more than 2.5 million garments a month.
Gokaldas has realigned its customer portfolio and taken several measures to rationalize capacity utilization, improve operating margins, and enhance productivity and operational excellence. The company has also executed an organisation restructuring and leveraged its strong design expertise to provide better customer service.