Now Reading: Globe Enterprises Q1 revenue up 33% to Rs 166.68 crore
-
01
Globe Enterprises Q1 revenue up 33% to Rs 166.68 crore
Globe Enterprises (India) Limited, formerly Globe Textiles, reported a 32.7% year-on-year increase in revenue to Rs 166.68 crore for the first quarter of FY27. Total revenue stood at Rs 167.35 crore, with…
Globe Enterprises (India) Limited, formerly Globe Textiles, reported a 32.7% year-on-year increase in revenue to Rs 166.68 crore for the first quarter of FY27. Total revenue stood at Rs 167.35 crore, with EBITDA at Rs 8.54 crore and profit before tax at Rs 3.52 crore.
The company said growth was driven by enhanced garment manufacturing capacity commissioned last year, which allowed higher volumes in domestic and export markets. Profitability faced pressure from a 15-20% rise in raw material costs and higher logistics expenses.
For the second quarter, the company holds an order book exceeding Rs 100 crore, providing near-term revenue visibility. In FY26, the company posted 55% revenue growth to Rs 598.84 crore and completed the acquisition of Globe Denwash.
Indian Opinion Analysis
The order book of over Rs 100 crore covers roughly 60% of the Q1 revenue run rate, giving a tangible floor for Q2. The 15-20% raw material cost increase reflects global cotton and synthetic fibre price trends that have persisted since late 2025. Globe Denwash, acquired in FY26, adds denim processing capacity, a segment with higher margins than basic garmenting. The name change to Globe Enterprises signals a deliberate shift beyond textiles into chemicals and technical fabrics, but the financial results still show textiles as the dominant revenue driver. The next quarterly numbers in November will show whether the capacity expansion can offset input cost pressure.
Source: theprint.in
This story was synthesised by AI from the source linked above.
