| Management target | Revenue FY27 |
|---|
| Revenue growth | Flat ₹401Cr vs ₹403Cr YoY; shipment delays impacted top-line. |
|---|---|
| Margins | EBITDA margins improved to 15.3% from 13.1% YoY. |
| Order book | Current order book at ₹570Cr; healthy pipeline from UK/EU. |
| Demand visibility | Visibility improving for H2; UK brand engagement rising. |
| Management confidence | Confident in H2 recovery; heavily emphasizing UK-India FTA benefits. |
Growth
Consolidated Revenue fell 0.5% YoY; however, EBITDA rose 15.6% and Net Profit jumped 20.4%.
Outlook
Management reiterated FY27 consolidated revenue guidance of ₹2000Cr, implying significant H2 acceleration.
Risks
US tariff uncertainty delayed Q1 shipments; Sri Lanka operations still recovering from pre-operative losses.
Last quarter's promises, checked
Delivered
- Guided SPUK EBITDA positive → delivered positive EBITDA INR 1.10Cr (= BEAT)
- Guided Retail EBITDA breakeven → delivered positive EBITDA Q2-Q4FY26 (= BEAT)
Partly delivered
- Guided 6000 machines by Mar-26 → delivered 5700 machines (= PARTIAL)
- Guided standalone EBITDA margin 15% → delivered 17.2% in Q4 (= BEAT)
Missed
- Guided Q4 standalone revenue INR 277Cr → delivered INR 251Cr (= MISS)
- Guided FY26 consolidated revenue growth → delivered INR 1,578Cr vs INR 1,395Cr (= BEAT)
Earnings Call Transcript filed with BSE, NSE: SPAL. Summary written with AI assistance from the document.
S P Apparels Ltd: key numbers
- Share price
- ₹949.65
- Market cap
- ₹2,387 Cr
- Revenue (annual)
- ₹1,579 Cr
- Net profit (annual)
- ₹100.9 Cr
- P/E (TTM)
- 22.7×Sector 52.0×
- Promoter holding
- 61.81%+0.00% QoQ
- FII holding
- 1.49%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Value
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