Gokaldas Exports has seen its consolidated revenues increase to Rs. 2,409 crore in FY ’24, up from Rs. 2,247 crore last year, indicating its strong growth in the apparel industry. This growth highlights the company’s pledge to grow its production capabilities and market presence via strategic investments and acquisitions.
Lately, the company launched Phase I of a new sewing factory in Bhopal, Madhya Pradesh, which has a primary annual capacity of 3 million pieces. Phase II of this project, scheduled for conclusion next year, is set to double this capacity. Furthermore, Gokaldas has initiated a new knits processing facility in Perundurai, Tamil Nadu.
In a major move, Gokaldas Exports has obtained Atraco and Matrix Clothing (MCPL) for a total investment of Rs. 934 crore. Such acquisitions are aimed at boosting the company’s market position and increasing its product offerings. They will offer access to high-value knitwear segments, grow their customer base, and set up cost-effective production sites.
According to Sivaramakrishnan Ganapathi, Vice Chairman and MD, Gokaldas Exports, these acquisitions are projected to lay a sturdy foundation for margin growth. They will complement Gokaldas Exports’ present operations by improving productivity via geographical diversification, accessing new customers, and strategically placing the company in major markets.
