Gokaldas Exports Expects More Global Apparel Sourcing Shift to India
Textile manufacturer Gokaldas Exports expects India to gain more global apparel sourcing as tariff parity with competing destinations and an advantage over China and Vietnam prompts buyers to increase sourcing. For Q1 FY27, profit after tax rose 7% y-o-y to ₹44 crore and total income increased 21% to ₹1,180 crore. India business grew 16% despite Indian apparel exports falling 12%, while Africa rose 44% on AGOA renewal. Management said Q2 is seasonally weaker, but outerwear strength and capacity use in Q3–Q4 should support revenue.