Apparel exporter Pearl Global Industries plans to invest another ₹200-250 crore in the current financial year as it looks to scale capacity, deepen its global manufacturing footprint, and stay on track to become a ₹6,000-crore company by 2028, Pallab Banerjee, Managing Director, told businessline.
The company, which recently crossed ₹5,000 crore in annual revenue, said the investments will be directed towards infrastructure creation and capacity expansion across markets. “Last year, we committed ₹250 crore and those projects are currently under progress. This year again, we have committed ₹200-250 crore towards growth and infrastructure building,” Banerjee said.
Pearl Global, which manufactures apparel across India, Bangladesh, Vietnam, Indonesia and Guatemala, currently has an installed capacity of over 100 million pieces, including partner factories. Of this, India accounts for nearly 26 million pieces, while Bangladesh remains its largest base at about 59 million pieces. The company is a manufacturing partner for global brands such as Gap, Zara, Tommy Hilfiger and Calvin Klein.
Banerjee noted that the company has built a diversified manufacturing and market presence to cushion itself against geopolitical and trade-related disruptions. “If an opportunity comes for 20-30 per cent growth, definitely we are ready for it,” he said, adding that Pearl has the ability to scale production quickly depending on order flows.
On growth path
The company continues to target annual growth of 12-14 per cent, although FY25 growth was significantly higher at nearly 30 per cent. It also indicated that demand from global retailers has remained resilient despite geopolitical tensions and rising raw material costs.
“We have not seen any slowdown in the US in terms of consumer behaviour. The buying pattern remains stable, the demand is stable,” Banerjee said.
According to the company, global brands are increasingly favouring suppliers with multi-country manufacturing capabilities following disruptions caused by the pandemic and geopolitical conflicts. Retailers are also seeking faster replenishment cycles and greater focus on sustainable sourcing practices from international vendors.