During the second quarter Gokaldas Exports witnessed a 60 percent jump in net profit. The company’s revenue for the quarter rose by 29 percent despite a seasonally weak quarter and a challenging global macro-economic environment.

The company will continue to focus on optimal resource utilization and drive operational excellence in the coming quarters. Gokaldas Exports was founded in 1985 and runs over 23 garment production factories. It is the largest manufacturer and exporter of apparels in India with an annual turnover of over US$200 million. Gokaldas Exports’ revenue has grown by 15 per cent over the last five years.

The customer base has widened, footprint in the US, its key market, has expanded along with anaugmented share in outerwear (high-value business). The company is well poised to benefit from multiple industry tailwinds, which include the continuing shift of global sourcing away from China,supplier consolidation towards efficient and well-capitalised players, supply-side instabilities in countries like China, Vietnam, Sri Lanka, and Pakistan, a strengthening dollar, the announcement of production linked incentive, and the signing of free trade agreements with key markets.

However, the Delta wave in the first quarter, the Omicron wave in the early fourth quarter and logistics disruptions throughout the year were testing times.