Pearl Global Industries Limited shares traded lower in early trade on Monday despite the company posting strong financial results for the quarter and nine months ended December 31, 2025
Pearl Global Industries Limited shares traded lower at ₹1,809.70, down 1.37 per cent from the previous close of ₹1,834.80, as markets opened on Monday despite the company reporting robust financial results for the third quarter ended December 31, 2025.
The stock opened at ₹1,827.70 and swung between a high of ₹1,844.20 and a low of ₹1,752.10 during morning trade. Trading volumes stood at 0.78 lakh shares with a turnover of ₹14.09 crore as of 10.30 am. Delivery-based transactions accounted for 50.09 per cent of traded quantity, with sellers marginally outnumbering buyers at 53.30 per cent versus 46.70 per cent.
India’s largest listed garment exporter announced consolidated revenue of ₹3,711 crore for the nine-month period, marking 13.2 per cent year-on-year growth. Third-quarter revenue reached ₹1,170 crore, up 14.4 per cent annually. Adjusted EBITDA for 9MFY26 stood at ₹333 crore with a 9 per cent margin, which management said would improve to 10.1 per cent excluding reciprocal tariff impacts of ₹31 crore and new operation ramp-up costs.
The company’s management highlighted significant tailwinds from the recent US tariff reduction to 18 per cent and India’s free trade agreements with the EU and UK. Vice-Chairman Pulkit Seth noted that India operations, previously constrained by the 25 per cent additional US duty, are positioned to gain momentum. Managing Director Pallab Banerjee stated that discounts extended to US clients during the tariff period would be eliminated, directly boosting profitability from February.
Pearl Global’s credit rating was upgraded by ICRA to A+ (Stable) for long-term debt and A1+ for short-term borrowings, reflecting improved financial health. The company’s manufacturing presence across India, Bangladesh, Vietnam, Indonesia, and Guatemala continues to provide geographical diversification.
Published on February 9, 2026