We hereby attached the transcript of conference call held on May 22, 2026 to discuss the financials results for the quarter and year ended March 31, 2026.
SPAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
S.P. Apparels reported FY26 consolidated revenue of INR 1,578 crores (up 13.2% YoY) with EBITDA of INR 217 crores (up 16% YoY) and margin of 13.8%. Q4 was weaker due to US tariff-related disruption affecting order booking and shipment timing, with consolidated Q4 revenue at INR 364 crores and EBITDA margin at 12.2%. The company maintained its FY27 guidance of INR 2,000 crores revenue with 15% EBITDA margin on the garment division, and targets INR 2,500 crores by FY28 when full capacity utilization is achieved. Sri Lanka operations are ramping up with INR 45 crores achieved in FY26, targeting INR 200-250 crores in FY27. US customers are returning with orders expected to improve from August 2026. SPUK turned EBITDA positive at INR 1.10 crores for FY26, and Retail losses narrowed significantly to INR 6.1 million.
The company navigated temporary tariff disruptions in FY26 and expects strong recovery in H2 FY27 as US orders normalize and Sri Lanka scales up. Management's maintained margin guidance despite raw material cost pressures signals confidence in pricing discipline and operational efficiency.