SPALBSES.P. Apparels LtdMediumNeutral
Announced Thu, 21 May · 16:14 IST

We herewith submit the Investor Presentation for the Audited Financial Results of the company for the quarter and year ended 31.03.2026

Mgmt Guided Margin ImprovementInvestor Communications View source PDF

SPAL · price

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Price reaction · full curve 14 horizons · vs prior close
+2.2%1-day move
₹753.00
prior close
₹763.50
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AI summary

S.P. Apparels reported FY26 consolidated revenue of Rs. 15,786.4 Mn (up 13.2% YoY), EBITDA of Rs. 2,178.1 Mn (up 16.0% YoY), and PAT of Rs. 1,009.5 Mn (up 6.1% YoY). Q4 FY26 showed weaker performance with revenue declining 8.6% YoY to Rs. 3,649.1 Mn and PAT falling 38.8% YoY to Rs. 185.9 Mn. The Garment Division reported revenue of Rs. 14,219.8 Mn with EBITDA margin at 16.2%. SPUK (UK) achieved positive EBITDA of Rs. 11.0 Mn during FY26, marking a turnaround from previous losses. The Retail Division also achieved positive EBITDA from Q2FY26 to Q4FY26. Capacity utilization stands at 75% with potential to reach 90%+ and historical EBITDA margins in the 17-18% range.

Likely market impact

Strong full-year growth was offset by a weak Q4, with the company showing margin improvement potential from current levels. The UK and retail turnarounds are positive developments, though Q4 weakness may weigh on near-term stock sentiment.