ICICI Direct: Gokaldas Exports - Steady FY20 Performance Amid Challenging Scenario; Exports To Provide Impetus To Sustainable Growth

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Established in 1985, Gokaldas Exports Ltd. is one of India’s leading apparel exporters with an annual capacity of 30 million pieces (approximately 215 garmenting lines).Gokaldas focuses on manufacturing of complex garmenting products and designs that insulate it from other price based competition. Its functions comprise of cutting, sewing, embroidery, quilting and printing.It has an impressive clientele of leading international brands with ‘GAP’ and ‘H&M’ being the major contributor to revenues.Under the leadership of the new Mananging Director (post exit of Blackstone in FY18), Gokaldas has scripted a successful turnaround of its business operations.Though revenue compound annual growth rate remained flattish over FY07-FY17, several initiatives undertaken by the new management has translated into robust revenue CAGR of 15% in FY18-20.The growth has been on the back of acquisition of new marquee customers and improved on-time delivery performance to customers.Furthermore, enhanced operating efficiencies and reduced wastages, transformed the company from a loss making unit into a profitable one.Gokaldas Exports being the preferred vendor for global brands appears well poised to attain sustainable growth given the opportunity size of India’s apparel exports (approximately 16 billion U.S. dollar)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Direct: Gokaldas Exports - Steady FY20 Performance Amid Challenging Scenario; Exports To Provide Impetus To Sustainable Growth

ICICI Direct: Gokaldas Exports-Steady FY20 Performance Amid Challenging Scenario; Exports To Provide Impetus To Sustainable Growth

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