Pearl Global reported strong 9MFY26 results: consolidated revenue jumped 13.2% YoY to ₹3,711 Cr, with Adjusted EBITDA up 14.0% YoY to ₹333 Cr (9.0% margin). Q3FY26 also showed solid growth. Key segments like Vietnam and Indonesia drove high-value sales, while India's operations, previously tariff-hit, are now poised for a rebound.
Big win for growth: US tariffs on India are down to 18%, a move set to directly boost profitability from February! New Free Trade Agreements with the EU and UK also unlock significant market potential. The company is actively expanding capacity in Bangladesh (completion by Q2 FY27) and leveraging existing setups.
Adding to the positive momentum, ICRA upgraded Pearl Global's credit rating to A+ (Stable) & A1+. Management is confident of sustained revenue growth and enhanced profitability, strategically leveraging these tariff changes, FTAs, and capacity readiness.