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Earnings Call

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.

Why this was an Alfa AlertNot a filter event. Results and guidance are in line with management's long-term ambitions and current capacity utilization.
Highlights
Revenue growthFY26 consolidated revenue up 13.2% YoY to ₹1,578 Cr.
MarginsTargeting 15% EBITDA margin for Garmenting; Retail and SPUK improving.
Order bookTotal order book approximately ₹600 Cr across all divisions.
Demand visibilityReviving US demand; orders expected to pick up from August '26.
Management confidenceHigh; projecting ₹2,000 Cr revenue for FY27 despite Q4 softness.

Growth

FY26 Consolidated Revenue grew 13.2%; EBITDA grew 16% to ₹217 Cr. PAT stood at ₹100.95 Cr.

Outlook

Guidance of ₹2,000 Cr revenue for FY27 with 15% Garmenting EBITDA margin. Peak capacity target ₹2,500 Cr.

Risks

US tariff volatility, logistics disruptions in the Strait of Hormuz, and rising raw material costs.

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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