Pearl Global targets up to 175m-piece capacity by FY30 as MOFSL raises price target
Apparel manufacturer Pearl Global Industries is targeting 16–18% annual revenue growth through FY30, backed by capacity expansion, knitwear diversification and Bangladesh laundry integration. Motilal Oswal reiterated Buy and lifted its target price to Rs 1,500 from Rs 1,360.
What happened
Pearl Global Industries gained after MOFSL reiterated Buy and raised its target price, citing apparel capacity additions, knit-product diversification,
Key facts
- Shares rose 6.12% to Rs 1,353
- Target price raised to Rs 1,500 from Rs 1,360
- Management revenue-growth target: 16-18% for FY26-30
- Capacity: 108 million pieces currently; 120-140 million by FY28; 170-175 million by FY30
- Capex through FY30: Rs 675-725 crore
Why this matters
Pearl Global’s planned Rs 675–725 crore capex, Bangladesh laundry integration and knitwear diversification make disciplined capacity ramp-up the key execution priority through FY30.
What to watch
- Quarterly capacity additions versus the FY28 target of 120–140 million pieces.
- Capex spend, project commissioning dates and incremental asset-turnover trends.
- Order-book growth, new customer wins and export-market demand commentary from US and European apparel buyers.
- Knitwear revenue mix and whether diversification improves utilization across facilities.
- Bangladesh laundry integration milestones, operating stability and realized margin benefits.