S. P. Apparels Limited has informed the Exchange about Transcript

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedAnalyst Day Multiyear TargetsInvestor Communications View source PDF

SPAL · price

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Price reaction · full curve 14 horizons · vs prior close

+3.3%1-day move

₹749.90

prior close

₹743.65

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.4+1.4+1.3+1.2+3.3+3.6+8.7+12.6+12.0+7.6+22.5+41.1+34.7—

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AI summary

S.P. Apparels reported FY26 consolidated revenue of INR 1,578 crores (up 13.2% YoY) with EBITDA of INR 217 crores (margin 13.8%). Q4 was softer due to US tariff-related disruption and shipment timing issues, with revenue at INR 364 crores and EBITDA margin at 12.2%. The Garment division (including Young Brand) posted INR 1,421 crore revenue with EBITDA of INR 230 crore. SPUK turned EBITDA positive at INR 1.10 crore, while Retail losses narrowed significantly. Management guided for FY27 revenue of INR 2,000 crore with 14-15% EBITDA margin, targeting INR 2,500 crore in FY28 at full capacity utilization of ~10,000 machines. Sri Lanka operations commenced in April 2026 with INR 200-250 crore revenue target for FY27. US customers are returning post-tariff clarity with improvement expected from August 2026. UK/EU FTA expected within 2-3 months.

Likely market impact

The company navigated temporary disruptions well and expects strong H2 FY27 recovery as US orders normalize and new European customers onboard. The INR 2,000 crore guidance implies ~27% growth, supported by capacity utilization headroom (currently 64%) and Sri Lanka ramp-up.