Overview
Jerash Holdings fiscal Q2 2026 revenue grows 4.3%, beating analyst expectations
Gross margin for fiscal Q2 2026 declines to 15% from 17.5% last year
Net income for fiscal Q2 2026 falls to $479,000 from $665,000 last year
Outlook
Jerash expects fiscal 2026 Q3 revenue to rise 19-21% year-over-year
Company targets fiscal 2026 Q3 gross margin of 13-15%
Jerash plans long-term expansion amid growing demand and trade uncertainties
Result Drivers
DIVERSIFIED CUSTOMER BASE - Revenue growth driven by increased shipments to the U.S. due to a more diverse customer base
FACILITY EXPANSION - Completed expansion of manufacturing facilities, adding 15% to production capacity
PRODUCT MIX IMPACT - Gross margin decline due to diversification of customer base and product mix
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $42 mln | $41 mln (2 Analysts) |
Q2 Gross Profit | $6.30 mln | ||
Q2 Operating Expenses | $5.20 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the textiles & leather goods peer group is "buy"
Wall Street's median 12-month price target for Jerash Holdings (US) Inc is $4.00, about 18.5% above its November 11 closing price of $3.26
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nACSSW3WDa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)