S P Apparels
S P Apparels Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Group revenue expected to reach around INR 1,600 crores in the next financial year. Revenue Growth: Company expects 15% to 20% growth in top-line revenue over the next 2 years, primarily from standalone garment business and Sri Lanka operations.
From S P Apparels's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Group revenue expected to reach around INR 1,600 crores in the next financial year.
- Standalone garment business targeting 15% to 20% top-line growth over the next 2 years.
- Young Brand Apparel (YBAPL) expected to grow from current INR ~310-350 crores to INR 400 crores at full capacity in 2-3 years.
- Sri Lanka operations planned to add capacity of around 2,000 machines over 2 years to support growth.
- Overall capacity expansion: aiming to run 7,000 machines by FY27 (including India and Sri Lanka).
- SPUK retail is growing with new customers; expecting a robust FY26.
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Profitability & Margins
See what S P Apparels said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- For FY25, SP Apparels Limited's Capex incurred over 9 months is approximately INR 70 crores.
- For FY26, including the addition of capacities in Sri Lanka, expected Capex is higher, around INR 70-80 crores.
- Sri Lanka operations currently involve a job work model; if own factories are set up, investment metrics will change.
- Plans to invest in Sri Lanka include adding about 1,000 machines with an investment of around INR 50-75 crores.
- The company aims to expand garment manufacturing capacity by adding machines, targeting 2,000 more machines over two years.
- There is an active plan to acquire factories in Tamil Nadu to expand existing capacities.
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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
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Order Book & Pipeline
- Young Brand Apparel (YBAPL) order book is around INR 85 crores.
- The business expects strong demand driven by customers shifting production away from Bangladesh due to political instability, with India and Sri Lanka as preferred alternatives.
- SPUK's current order book is valued at GBP 3.2 million.
- The company is actively adding new customers, with SPUK having secured 2 new customers and 2 more potential customers in discussion.
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S P Apparels — Quarterly revenue & net profit
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 Ltd's management said in earlier quarters
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Frequently Asked Questions
What were S P Apparels Q3 FY25 results?
Group revenue expected to reach around INR 1,600 crores in the next financial year. Revenue Growth: Company expects 15% to 20% growth in top-line revenue over the next 2 years, primarily from standalone garment business and Sri Lanka operations.
What is S P Apparels share price analysis?
S P Apparels currently shows a neutral. The stock trades at a P/E of 22.4 with a market cap of ₹2,356 Cr. Investors should review the full earnings analysis for detailed insights.
Is S P Apparels planning capital expenditure?
For FY25, SP Apparels Limited's Capex incurred over 9 months is approximately INR 70 crores.
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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.