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S P Apparels

Q3 FY26Textiles & Apparels

S P Apparels Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹930
Market cap₹2.4K Cr
P/E22.4
Updated23 Aug 2026
Read3 min read

S P Apparels Q3 FY26 key numbers

Revenue
Exports from current India capacity (~5,000 machines) planned at close to INR 1,200 crores at 95% utilization next year.

As stated in S P Apparels's Q3 FY26 earnings call transcript · published 28 May 2026. Reported figures, not investment advice.

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).

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

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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.

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

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Top-ranked in Textiles & Apparels

Ranked on what management guided this quarter

Guidance-ranked
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 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.

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

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S P Apparels — 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

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.

Full financials →

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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.

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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.