The audited financial statements for the quarter and year ending 31st March 2025, have been released by Pearl Global Industries Limited, a global fashion and lifestyle firm that specialises in the design, production, and distribution of apparel.
For Q4 of FY ’25, the total consolidated revenue was Rs. 1,229 crore (US $ 143 million), representing a 40.1 per cent YoY increase. At Rs. 119 crore (US $ 13.89 million), adjusted EBITDA (excluding ESOP expenditure) increased 41.7 per cent year over year, with a 9.7 per cent margin. The adjusted EBITDA for Q4 FY ’25, excluding operating losses at new facilities (Guatemala, Bihar, etc.), is 10.5 per cent. After minority interest, PAT was Rs. 68 crore (US $ 7.94 million), representing a 32.9 per cent YoY increase. The firm also reported that 20+ million pieces were shipped successfully in a single quarter.
For the full FY ’25, at Rs. 4,506 crore (US $ 525 million), total consolidated revenue represented a strong 31.1 per cent YoY gain. The company’s sales volume and value increased across all regions. With ESOP expense excluded, adjusted EBITDA was Rs. 411 crore (US $ 47.97 million), a 29.8 per cent YoY increase. The adjusted EBITDA margin for FY ’25 was 9.1 per cent. PAT after Minority Interest was 42.0 per cent YoY higher at Rs. 248 crore (US $ 28.95 million).
Vice-Chairman and Non-Executive Director Pulkit Seth commented on the results, stating that the company’s revenue for the current fiscal year had exceeded Rs. 1,000 crore (US $ 116 million) for each quarter. The group’s continued financial strength is demonstrated by the fact that its turnover has surpassed Rs. 4,500 crore (US $ 525 million) and its adjusted EBITDA has surpassed Rs. 400 crore (US $ 46.69 million). Globally, operational resilience was preserved in spite of early-year interruptions in Bangladesh, leading to the highest-ever cargo volumes without any delays.
With current capabilities, the India business now has an annualised revenue potential of over Rs. 1,600+ crore (US $ 186 million), and it is well-positioned for fast expansion, supported by the UK FTA and other impending trade agreements, according to Pallab Banerjee, Managing Director, who commented on the results.
