Gokaldas Exports

In a media interaction, the management of Gokaldas Exports said it could take a couple of quarters before which demand should start seeing an uptrend. However, the longer term prospects are quite strong with multiple factors indicating that India could gain significant market share in the global apparel trade The longer-term prospects for the apparel industry continue to be very strong. The movement away from China, particularly for US buyers is strong. The data indicates that share of imports from China into the US has continuously and consistently come down and the same trajectory is continuing. Most major global brands are looking at alternate sourcing and India appears to be on their radar. Further, India has a great opportunity as the Government of India is working on signing FTAs with trade partners, which can aid to increase demand of apparel sourced from India. Gokaldas Exports has added two large global clients, one from the US and another from the UK. These customers will probably ramp up through FY24 but a significant revenue contribution can come in FY25. As demand improves, margins could also show positive momentum leading to improved profitability