Jerash Holdings Q3 profit, sales rise on higher demand, new partner contribution

Jerash Holdings (US)

09/02/2026 13:08

Overview

Sportswear manufacturer's fiscal Q3 revenue rose 18% yr/yr

Net income for fiscal Q3 improved to $1.2 mln from $6,000 last year

Company to expand capacity by 40% with new manufacturing building

Outlook

Jerash expects fiscal 2026 Q4 revenue to grow 23-26% over $29.3 mln in prior-year

Company anticipates fiscal 2026 Q4 gross margin of approximately 14-16%

Jerash plans to expand production capacity by 40% by year-end

Result Drivers

CORE CUSTOMER DEMAND - Increased demand from long-standing global brand customers drove revenue growth

NEW PARTNER CONTRIBUTIONS - Initial contributions from new strategic partner in Korea boosted revenue

PRODUCT MIX AND SCALE - Improved gross margin attributed to product mix from new customers and economies of scale

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$41.80 mln
$42.30 mln (2 Analysts)
Q3 Gross Margin
16.90%
Q3 Gross Profit
$7 mln
Q3 Operating Expenses
$5.10 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 $4.50, about 46.6% above its February 6 closing price of $3.07

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nACS5q60ya

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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.)