Jerash Holdings reported fiscal 2027 first-quarter revenue rose 26.7% to $50.2 million, gross margin expanded to 16.4%, and net income more than quintupled to $1.7 million, or $0.13 per diluted share. CEO Sam Choi called the period one of exceptional financial performance, citing record revenue and improved margins. The company said its largest customer, VF Corp., provided projections about 15% above the prior season, and it opened Urban Outfitters as a new customer with an estimated $5 million in first-year business. Jerash also plans to add roughly 15% production capacity by end of calendar 2026 and another 20% to 25% by mid-calendar 2027. For the second quarter, it expects revenue of $49 million to $51 million and gross margin of approximately 14% to 15%, while noting logistics disruptions from regional conflict remain a risk.
Jerash Holdings US IncQ1 revenue up 26.7% to $50.2M, net income quintupled to $1.7M, and gross margin expanded to 16.4%.
VF CorporationLargest customer provided projections about 15% above the prior season, indicating strong demand.
Urban Outfitters IncOpened as a new customer with an estimated $5 million in first-year business.
