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S P Apparels Ltd

Q1 FY27Textiles & Apparels

S P Apparels Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹950
Market cap₹2.3K Cr
P/E22.3
Updated26 Aug 2026
Read5 min read

S P Apparels Ltd Q1 FY27 key numbers

Revenue
Young Brand revenue expected to grow from INR 300 crores last year to INR 340-350 crores in FY27.

As stated in S P Apparels Ltd's Q1 FY27 earnings call transcript · published 26 Aug 2026. Reported figures, not investment advice.

The short version

FY27 top line guidance: INR 2,000 crores, with growth weighted towards the second half of the year. - Young Brand revenue expected to grow from INR 300 crores last year to INR 340-350 crores in FY27. - Infant export revenue expected to increase from INR 1,100 crores last year to INR 1,300-1,400 crores this year. - Order book across divisions totals approximately INR 600 crores, supporting growth visibility. - Capacity expansion planned with 6,000 sewing machines in India, 2,000 in Sri Lanka, and 1,750 in Young Brand; readiness to absorb demand for 2-3 years. - Strong pickup in order inflows expected post-October, bolstered by U.S. The company is confident of achieving the previously stated consolidated revenue guidance of INR 2,000 crores for FY27, with growth expected to be weighted towards the second half of the year.

From S P Apparels Ltd's Q1 FY27 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

  • FY27 top line guidance: INR 2,000 crores, with growth weighted towards the second half of the year.
  • Young Brand revenue expected to grow from INR 300 crores last year to INR 340-350 crores in FY27.
  • Infant export revenue expected to increase from INR 1,100 crores last year to INR 1,300-1,400 crores this year.
  • Order book across divisions totals approximately INR 600 crores, supporting growth visibility.
  • Capacity expansion planned with 6,000 sewing machines in India, 2,000 in Sri Lanka, and 1,750 in Young Brand; readiness to absorb demand for 2-3 years.
  • Strong pickup in order inflows expected post-October, bolstered by U.S. tariff reversals and new trade agreements (e.g., U.K. FTA).

2 more points from S P Apparels Ltd's call on revenue

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Profitability & Margins

See what S P Apparels Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Young Brand Apparels is investing in a new product line focused on luxury ladies bras (molded value-added bras).
  • Investment for this new product line is expected to start from September-October 2026.
  • The investment amount is estimated to be up to INR 10 crores, mainly for machinery acquisition and partly for the team.
  • The facility/building for this investment already exists within the entity.
  • The Salem factory (for Young Brand) has started trial production and is expected to reach full capacity within three months post-Diwali.
  • SPAL division has started work on the Sivakasi factory and plans to add about 400 machines over the next two years.

2 more points from S P Apparels Ltd's call on capex

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Top-ranked in Textiles & Apparels

Ranked on what management guided this quarter

Guidance-ranked
1Virat Industries
Rev 1Mar 1
2Purple United
Rev 1Mar 3
3
Rev 2Mar 1
4
Rev 2Mar 1
5
Rev 2Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what S P Apparels Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Current total order book is approximately INR 600 crores (P. Sundararajan).
  • Breakdown of order book:
  • Young Brand Apparel: INR 72-100 crores.
  • S.P. Apparels India (SPAL): INR 430 crores.
  • SPUK: INR 60-70 crores.
  • Orders are fully booked till October/November 2026.
  • The order book of about INR 550-600 crores indicates strong visibility for the upcoming quarters.
  • Management is confident about order bookings supporting the projected growth from H2 FY27 onwards.

2 more points from S P Apparels Ltd's call on order book

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S P Apparels Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹365 Cr, net profit ₹19 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What S P Apparels's management said in earlier quarters

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Frequently Asked Questions

What were S P Apparels Ltd Q1 FY27 results?

FY27 top line guidance: INR 2,000 crores, with growth weighted towards the second half of the year. - Young Brand revenue expected to grow from INR 300 crores last year to INR 340-350 crores in FY27. - Infant export revenue expected to increase from INR 1,100 crores last year to INR 1,300-1,400 crores this year. - Order book across divisions totals approximately INR 600 crores, supporting growth visibility. - Capacity expansion planned with 6,000 sewing machines in India, 2,000 in Sri Lanka, and 1,750 in Young Brand; readiness to absorb demand for 2-3 years. - Strong pickup in order inflows expected post-October, bolstered by U.S. The company is confident of achieving the previously stated consolidated revenue guidance of INR 2,000 crores for FY27, with growth expected to be weighted towards the second half of the year.

What is S P Apparels Ltd share price analysis?

S P Apparels Ltd currently shows a neutral. The stock trades at a P/E of 22.3 with a market cap of ₹2,339 Cr. Investors should review the full earnings analysis for detailed insights.

Is S P Apparels Ltd planning capital expenditure?

Young Brand Apparels is investing in a new product line focused on luxury ladies bras (molded value-added bras).

Keep S P Apparels Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.