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Earnings Call

S P Apparels Earnings Call: Key Takeaways

S.P. Apparels faced a soft Q4 due to US tariff volatility and shipment delays, yet maintained strong full-year growth. Management is betting heavily on a massive Sri Lanka ramp-up to hit ambitious future targets.

Why this was an Alfa AlertNot a filter event. Results and guidance are generally in line with prior growth trajectories.
Highlights
Revenue growthFY26 revenue up 13.2% YoY to ₹1,578cr.
MarginsGarmenting margins steady at 17-18%; consolidated EBITDA at 13.8%.
Order bookCurrent order book stands at approximately ₹600cr across divisions.
Demand visibilityReviving US demand; high interest in shifting from Bangladesh.
Management confidenceCautiously optimistic; focusing on normalizing US order flows.

Growth

Consolidated FY26 revenue grew 13.2% YoY to ₹1,578cr; EBITDA increased 16% with margins at 13.8%.

Outlook

Guided ₹2,000cr consolidated revenue for FY27 and ₹2,500cr peak capacity by FY28.

Risks

US tariff uncertainty disrupted Q4 order books; high interest costs remain a drag on the retail division.

Source

Earnings Call filed with BSE, NSE: SPAL. Summary written with AI assistance from the document.

Read the document ↗

S P Apparels Ltd: key numbers

Share price
₹915.00
Market cap
₹2,300 Cr
Revenue (annual)
₹1,579 Cr
Net profit (annual)
₹100.9 Cr
P/E (TTM)
21.9×Sector 48.2×
Promoter holding
59.82%-1.99% QoQ
FII holding
2.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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