| Revenue growth | FY26 consolidated revenue up 13.2% YoY. |
|---|---|
| Margins | Adj. EBITDA margins stable at 17-18% for Garment Export Division. |
| Demand visibility | Sourcing flexibility and new customer additions (GBP 2-3 Mn annually). |
| Management confidence | High; targeting 10% annual growth per customer in SPUK. |
Growth
FY26 Consolidated Revenue reached ₹15,786.4 Mn (+13.2% YoY); EBITDA grew 16% to ₹2,178.1 Mn with margins expanding to 13.8%.
Outlook
Targeting 90%+ peak utilization; revenue potential of ₹4.2 Bn from existing YBAL setup; expanding into Sri Lanka.
Risks
Q4FY26 saw an 8.6% revenue decline; capacity utilization dropped from 83% to 64% in the Garment Division.
Earnings Call filed with BSE, NSE: SPAL. Summary written with AI assistance from the document.
S P Apparels Ltd: key numbers
- Share price
- ₹965.60
- Market cap
- ₹2,427 Cr
- Revenue (annual)
- ₹1,579 Cr
- Net profit (annual)
- ₹100.9 Cr
- P/E (TTM)
- 23.1×Sector 55.7×
- Promoter holding
- 61.81%+0.00% QoQ
- FII holding
- 1.49%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from S P Apparels Ltd
All →S P Apparels Annual Report
S.P. Apparels has submitted a revised Annual Report for FY 2025-26, correcting typographical errors regarding the AGM Notice date and total share capital values.
S P Apparels Annual General Meeting
S.P. Apparels Ltd held its 21st Annual General Meeting on 21st September 2026. Shareholders voted on ordinary and special business, including the sub-division of shares.
S P Apparels Earnings Call Transcript: Key Takeaways
Revenue was flat at ₹401Cr, but margins expanded significantly due to product mix and operational efficiencies. Management remains optimistic about H2 FY27 growth driven by UK FTA and Sri Lanka capacity ramp-up.
S P Apparels Investor Presentation: Key Takeaways
S.P. Apparels reported stable Q1FY27 consolidated revenue of Rs. 4,010.8 Mn with EBITDA growth of 15.9% YoY and margins improving to 15.3%.
- Call
- Guides 10% growth
S P Apparels Q1 FY27 Results: Net Profit ₹24.9 Cr, Up 20.3% YoY
S P Apparels Ltd reported revenue from operations of ₹401.1 Cr (-0.6% YoY) and net profit of ₹24.9 Cr (+20.3% YoY) for Q1 FY27.
- Key figure
- Net profit ₹24.9 Cr · +20.3% YoY
S P Apparels Earnings Call: Key Takeaways
S.P. Apparels reported FY26 consolidated revenue of ₹1,578 Cr (up 13.2% YoY) and EBITDA of ₹217 Cr. Q4 saw softness due to US tariff disruptions and logistics issues.