Financial Highlights & Corporate Responsibility
MANAGEMENT
COMMENTARY
SIVARAMAKRISHNAN GANAPATHI
MANAGING DIRECTOR
GOKALDAS EXPORTS LIMITED
10
ワワ
Gokaldas Exports is focused on being a leading manufacturer that is
sought-after by top global apparel brands for its product capability,
quality and consistency, with a strong commitment to sustainability,
while delivering profitable year on year growth.
This was severely tested by Covid-19 in FY21 when lockdowns forced
store closures in most markets and imposed factory shut-downs in
producing countries, resulting in a volatile order flow and disrupted
supply chain claiming a toll on the financial health of most companies.
We could contain overall export sales drop to just 9% over the previous
year. The company also consciously reduced its exposure to Indian
retail customers to minimise credit risk.
We ensured high efficiency in our manufacturing process, controlled our
costs well, contained the working capital deployed and improved
connect with our customers. Despite a drop in revenue, the company
delivered a strong EBITDA margin for the year.
The outlook for the industry is positive. With vaccination drive gaining
momentum in all the countries that we export to, we anticipate a good
demand recovery in the forthcoming year. This is already reflecting in
our strong order book for the quarters ahead.View entire presentation