S P Apparels
S P Apparels Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY27 revenue guidance stands at INR 2,000 crores consolidated (Page 6, 20). FY27 consolidated revenue guidance stands at INR 2,000 crores.
From S P Apparels's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY27 revenue guidance stands at INR 2,000 crores consolidated (Page 6, 20).
- Young Brand expected to grow 15-20% next financial year with Salem project ramp-up and new UK customers (Page 19).
- Exports from current India capacity (~5,000 machines) planned at close to INR 1,200 crores at 95% utilization next year (Page 19).
- Sri Lanka operations viewed as high potential with capacity to add 500 machines over 2-3 years; versatility across product types expected to support growth (Page 17).
- US market exposure expected to increase from 15-17% to over 20% of standalone revenue in FY27 (Page 16).
- Garment division EBITDA margin guidance maintained at 15%, factoring Sri Lanka's lower margins (Page 11).
- No major new capex planned beyond FY27 except maintenance capex (~INR 10-15 crores), solar investment (~INR 10 crores), and minor expansions (~INR 5 crores) in Young Brand (Page 19).
Profitability & Margins
See what S P Apparels said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- No major expansion capex planned for the next financial year; focus is on completing ongoing projects.
- Maintenance capex of approximately INR 10-15 crores annually is planned.
- Investment of around INR 10 crores planned for solar energy initiatives as part of sustainability efforts.
- Additional capex of roughly INR 5 crores earmarked for expansion-related activities in Young Brand.
- Total estimated capex for FY27 is around INR 30 crores covering maintenance, sustainability, and Young Brand expansion.
- No new projects or acquisitions planned for the current financial year.
- Ongoing capex related to Salem project and existing India operations expected to be completed by year-end.
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 said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Order book status division-wise as of February 13, 2026:
- - S.P. Apparels Limited (SPAL): INR 353 crores
- - Young Brand Apparel (YBAPL): INR 87 crores
- - SP UK (SPUK): INR 30 crores
- The company expects a stronger outlook and steady order inflows from next financial year onwards due to policy clarity and resumption of Young Brand expansion and scaling up of SPUK.
- Sri Lanka platform expected to operate normally from Q1 FY27, with customer shipments ramping from Q2 FY27.
- Current order pipeline and customer additions in Sri Lanka combined with other business expansions support growth trajectory.
- Despite softer Q3 and Q4 quarter due to U.S. tariff issues, company maintains confidence in growth and order inflows for future periods.
S P Apparels — 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
- PDS Ltd (Q3 FY26)
Stable sourcing structure with ~55%-60% from Bangladesh, adding more jurisdictions like India, Egypt, Turkey without diluting existing base. Key concall…
- Sanathan Textiles Ltd (Q3 FY26)
Phase 2 expansion planned with additional capex (~INR 100 crores in Punjab, ~INR 400 crores at Madhya Pradesh cotton facility) to be executed gradually. Key…
- Purple United Sales Ltd (Q3 FY26)
Overall, retail and online sales combined could contribute around 50-60% of the total top line soon. Key concall takeaways from Purple United Sales Ltd's Q3…
- Raymond Lifestyle Ltd (Q3 FY26)
Domestic market growth is healthy, with over 12% overall business growth, driven by expansion in Tier 2 and Tier 3 towns and rising per capita income. Key…
Frequently Asked Questions
What were S P Apparels Q3 FY26 results?
FY27 revenue guidance stands at INR 2,000 crores consolidated (Page 6, 20). FY27 consolidated revenue guidance stands at INR 2,000 crores.
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?
No major expansion capex planned for the next financial year; focus is on completing ongoing projects.
Keep S P Apparels 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.