Gokaldas Exports Ltd — earnings calls

Gokaldas Exports reported consolidated income growth of 21% year-on-year for Q1 FY'27, with India business up 16% and Africa business up 45%, while consolidated EBITDA rose 17% year-on-year. Management attributed the India growth to a shift to lower tariffs under Section 301 and the Africa growth to AGOA renewal and prior investments, while noting cost pressures from wages, shipping, and fuel. The BTPL merger process remains on track for completion in the third quarter, and management discussed capacity additions in Jharkhand, Karnataka, and Madhya Pradesh alongside ongoing trade policy developments in the US and UK.

Gokaldas Exports reported total income of Rs 4,065 crores for FY26, a 4% growth over the previous year, with India operations growing 10% while Africa business declined 19% due to AGOA-related uncertainties. Management said the company absorbed a tariff burden and offered net discounts of over Rs 90 crores to customers during the year, while EBITDA margin was sustained at the previous year's level. Management said the withdrawal of the penal 25% tariff and a subsequent US Supreme Court ruling led to a 10% tariff being imposed until July 24, 2026, and that AGOA was restored till December 2026, improving the outlook for FY27.