Pearl Global Industries (PGIL) Investor presentation summary

Strategic and operational highlights

• Achieved record revenue of Rs. 5,025 crore in FY26, surpassing Rs. 5,000 crore for the first time, with double-digit year-on-year growth and improved profitability despite global tariff disruptions.

• Installed capacity exceeded 100 million pieces per annum, with ongoing expansion in Bangladesh expected to add 6-7 million pieces in FY27.

• Diversified, multi-country manufacturing presence helped mitigate tariff and geopolitical challenges, supporting sustained growth.

• Declared highest-ever dividend payout ratio of ~25% of FY26 Group PAT, totaling Rs. 14.5 per equity share.

• Announced planned capital commitment of Rs. 200-250 crore for FY27 to further build capabilities and capacity.

Financial performance

• Consolidated FY26 revenue grew 11.5% to Rs. 5,025 crore; adjusted EBITDA rose 14% to Rs. 468 crore with a margin of 9.3%.

• Excluding tariff and specific losses, adjusted EBITDA margin reached 10.3%.

• Standalone revenue declined 9.6% due to US tariffs on India, but standalone EBITDA margin improved to 6.2% from 5.6% in FY25.

• PAT after minority interest for FY26 was Rs. 278 crore, with EPS at 60.34.

• Long-term and short-term credit ratings upgraded by ICRA to A+ (Stable) and A1+ respectively.

Capex and sustainability initiatives

• Total capex of ~Rs. 250 crore in FY26, including Rs. 110 crore for Bangladesh, Rs. 20 crore for India, Rs. 90 crore for sustainable laundry, and Rs. 5 crore for solar power.

• 87% of Bangladesh capex and 95% of India capex committed, with construction expected to complete by Q2 and Q1 FY27 respectively.

• Solar power now supplies 35% of energy needs at Indian plants.

• In-house laundry expansion to reduce costs and water usage, targeting ROCE of 18-20%.