Sportking India Limited has informed the Exchange about Transcript
SPORTKING · price
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Sportking India reported resilient Q4 FY26 performance with improved profitability driven by robust cotton yarn demand and better spreads. China has emerged as a significant buyer, increasing its share of India's cotton yarn exports from 7-8% to 25-30%. Bangladesh remains the company's top export market. Management expects margins to expand meaningfully over the next 2-3 quarters with cotton spreads at 3-year highs. The company is progressing on a INR 1,000 crore greenfield expansion adding 150,000 spindles (targeting Q3 FY27 commercial operations) and has approved acquisitions of Marvel Dyers and Sobhagia Sales for forward integration. A 40-megawatt solar plant will commence by end of May, saving INR 14-15 crores annually. EU and UK FTAs are expected to become effective by fiscal year-end, providing additional stimulus.
The strong demand environment and expanding cotton spreads position Sportking for sustained margin improvement in the near term. The INR 1,000 crore capex and strategic acquisitions signal long-term growth ambitions, though integration benefits will take 12-18 months to materialize.