Investor Presentation for the Quarter and Year Ended 31st March 2026
SPORTKING · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sportking India reported Q4 FY26 revenue of Rs. 636.8 crores (+1.3% YoY) and FY26 revenue of Rs. 2,495.9 crores (-1.1% YoY). Despite flat revenue, EBITDA improved significantly with FY26 EBITDA at Rs. 286.0 crores (11.5% margin vs 10.6% in FY25) and PAT at Rs. 119.7 crores (4.8% margin). Q4 saw particularly strong EBITDA margin of 13.4% vs 11.7% year-ago. The company announced a major greenfield expansion in Odisha adding 1.50 lakh spindles (40% increase) with Rs. 1,000 crore outlay, commencing Q3 FY27. Strategic forward integration planned through acquisitions of Marvel Dyers (fabric dyeing) and Sobhagia Sales (garments). Also invested in a 40.3 MW solar plant via Evincea Renewable to reduce power costs by 12-15%. Capacity utilization currently at 95%+.
Margin improvement despite flat revenue indicates operational efficiency gains. The Rs. 1,000 crore capex and forward integration into fabrics/garments signal multi-year growth ambitions but will increase debt and execution risk. The strategic shift toward value-added segments could re-rate the stock if successfully executed.