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 ( JRSH ) expects fiscal 2026 Q3 revenue to rise 19-21% year-over-year

* Company targets fiscal 2026 Q3 gross margin of 13-15%

* Jerash ( JRSH ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $42 mln $41 mln

Revenue (2

Analysts

)

Q2 Gross $6.30

Profit mln

Q2 $5.20

Operatin mln

g

Expenses

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 ( JRSH ) 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:

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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.)