Key Points – Strong Q1 fiscal 2027 results: Revenue increased 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. – Growth opportunities are expanding: Higher projections from VF Corp., a new…
ban Outfitters relationship, additional Hansol orders and potential global-brand business are supporting demand. Jerash also plans significant capacity expansion through 2027. – Logistics remain a near-term risk: Regional conflict is delaying exports and increasing raw-material transportation costs
The company expects second-quarter revenue of $49 million to $51 million and gross margin of approximately 14% to 15%. Jerash Holdings (US) (NASDAQ:JRSH) reported higher revenue, expanding gross margin and a more than fivefold increase in net income for its fiscal 2027 first quarter, as shipments to its two largest U.S. customers increased and its Korean strategic partner continued to contribute to sales. Chief Financial Officer Gilbert Lee said quarterly revenue rose 26.7% to $50.2 million from $39.6 million a year earlier.
Chief Executive Officer Sam Choi described the period as one of “exceptional financial performance,” citing record revenue, improved margins and higher profitability. Gross profit increased 35.7% to $8.3 million, while gross margin expanded by 100 basis points to 16.4%. Lee attributed the margin improvement primarily to a larger mix of shipments to U.S. customers, which he said generally carry stronger margins, as well as efficiency gains from automation.