S P Apparels Ltd
S P Apparels Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
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).
- New product line (luxury ladies’ bras) being introduced by Young Brand next financial year, adding to revenue potential.
- Gradual normalization of shipment schedules and improved utilization to boost volumes and revenues.
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.
- Sri Lanka operations currently on a silent period for investment; however, job work opportunities with customer-approved factories are being pursued without additional investments.
- Total potential sewing capacity includes 6,000 machines in India, 2,000 in Sri Lanka, and 1,750 in Young Brand Apparels, with capacity expansion capabilities for the next 2-3 years.
Top-ranked in Textiles & Apparels
Ranked on what management guided this quarter
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.
- Orders are backed for 4-5 months, providing strong revenue visibility.
- New UK customers added due to FTA, indicating potential increase in future orders.
- No concerns reported regarding order book or capacity fulfillment.
S P Apparels Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹365 Cr, net profit ₹19 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What S P Apparels Ltd's management said in earlier quarters
Others in Textiles & Apparels this season
- Ganesha Ecosphere Ltd (Q1 FY27)
Utilization at the subsidiary’s Warangal facility is around 72% currently, with plans to increase to ~85% utilization soon. Key concall takeaways from Ganesha…
- Kusumgar Ltd (Q1 FY27)
Maintenance capex typically amounts to about 5% to 10% of the gross block. Key concall takeaways from Kusumgar Ltd's Q1 FY27 earnings call — and how it ranks…
- Welspun Living Ltd (Q1 FY27)
Profit after tax (PAT) margin improved significantly to 5.7% in Q1 FY27, nearly doubling year-on-year. Key concall takeaways from Welspun Living Ltd's Q1 FY27…
- Dollar Industrie (Q1 FY27)
Quick commerce channel sales are growing rapidly, contributing 5% of total sales, with 59% Q1 growth. Key concall takeaways from Dollar Industries Ltd's Q1…
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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.