Pearl Global Industries

Pearl Global delivered a record FY26 with consolidated revenue of ₹5,025 croreCurrent reported value: ₹5,025 crore. No comparable prior figure is available in the source record. (+11.5Current reported value: 11.5. No comparable prior figure is available in the source record.% YoY) and EBITDA of ₹468 croreCurrent reported value: ₹468 crore. No comparable prior figure is available in the source record. (+14% YoY), despite US tariff headwinds. Q4 revenue hit ₹1,314 croreCurrent reported value: ₹1,314 crore. No comparable prior figure is available in the source record. (+6.9% YoY) with EBITDA margin of 10.3%Current reported value: 10.3%. No comparable prior figure is available in the source record. (10.9% ex-tariffs and startup losses), the highest ever quarterly margin. Growth was driven by volume and value-added products in Vietnam (capacity utilization 80%+Current 80%+. Reported change: +17pp YoY. vs 63% last year) and Bangladesh. India revenue declined ~23% in Q4 due to US tariffs, but management expects recovery from FY27 with FTA tailwinds. Guidance: FY27 EBITDA margin of 10Current reported value: 10. No comparable prior figure is available in the source record.%+ (10-12% trajectory), FY28 revenue target of ₹6,000 crore (12-14% CAGR), and capacity expansion to 125-130 million pieces. Risk: US tariff uncertainty persists with 10% Section 122 tariff through July; any escalation could pressure margins.