# Meenakshi India may miss FY30 revenue target by up to a year 2026-08-06T21:41:27+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Meenakshi India may miss its FY30 revenue target of Rs 450-500 crore by six months to a year, Chairperson and Managing Director Ashutosh Goenka told The Hindu. The Chennai-based apparel maker reported FY26 revenue of Rs 150.76 crore, down 9.36% from the previous year. Profit after tax fell 73.25% to Rs 10.46 crore, while operational EBITDA dropped 65.44% to Rs 10.20 crore. Goenka blamed US tariffs, weaker retail demand in the US and Europe, and customer discounts. The company is executing a Rs 40-crore expansion in stages, aiming to raise annual capacity from 18 lakh to 35 lakh garments. It may reduce the plan if trade conditions worsen. Meenakshi India employs about 1,700 people. ## Coverage - thehindu.com Tags: apparel, exports, Meenakshi India, textiles, US tariffs Canonical: https://indianopinion.org/meenakshi-india-may-miss-fy30-revenue-target-by-up-to-a-year/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/meenakshi-india-may-miss-fy30-revenue-target-by-up-to-a-year/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.