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Pearl Global Industries (PGIL) reported robust Q1FY26 consolidated revenue of Rs. 1,228 Cr, up 16.6% YoY, marking its fifth consecutive quarter above Rs. 1,000 Cr. Growth was led by strong order books and sales volumes in Vietnam and Indonesia. Adjusted EBITDA rose 13.4% to Rs. 114 Cr.
Facing new US tariffs (50% on India), PGIL is strategically reassigning US production from India to more favorable hubs like Vietnam, Bangladesh, and Guatemala. India's operations will now focus on new partnerships (UK FTA) and existing FTA markets (Japan, Australia). PGIL aims to retain customer wallet share and maintain profitability, continuing its capital expenditure plans in Bangladesh.