Gokaldas Exports’ revenue has grown by 15 per cent over the last five years. There has been a 46 per cent profit after tax compound annual growth rate over this period. The average realization has clocked a18 per cent CAGR over this period.

The acquisition of high-value high-margin customers has gone up from 15 per cent in fiscal ’18 it to 35 per cent in fiscal ’22. 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.

Gokaldas supplies apparels to leading and prominent global brands across six continents but encountered a challenging business environmentin fiscal 2022. The Delta wave in the first quarter, the Omicron wave in the early fourth quarter and logistics disruptions throughout the year were testing times. High raw material prices for both cotton and manmade fiber products, the war in Europe and inflation in key markets were additional headwinds.