S P Apparels

Q4 FY25Textiles & Apparels

S P Apparels Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹930

Market cap₹2.4K Cr

P/E22.4

Updated23 Aug 2026

Read4 min read

The short version

Targeting INR 2,000 crores revenue by FY27 with approximately 7,500 machines in operation (Page 5). S.P.

From S P Apparels's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Targeting INR 2,000 crores revenue by FY27 with approximately 7,500 machines in operation (Page 5).
FY26 revenue expected between INR 1,600 crores to INR 1,800 crores considering expansions and acquisitions (Pages 10,12).
Young Brand Apparel revenue projected to grow from INR 325 crores to around INR 350 crores in FY26, with potential INR 400-420 crores in next couple of years (Pages 15,6).
Sri Lanka operations expected to contribute INR 200 crores revenue in FY26 and expand capacity to 2,000 machines by FY27 (Page 4,7).
SPUK revenue targeted at GBP 9.5-10 million for FY26, with growth to GBP 12-14 million in FY27 (Page 12).

2 more points management made on revenue & sales performance

Profitability & Margins

S.P. Apparels aims for an EBITDA margin of around 18% on a standalone basis in the next 1-2 years (Page 11, 10).
Young Brand Apparel is expected to improve EBITDA margin from 15% to around 16-17% (Page 11).
Revenue target is INR 2,000 crores by FY27, driven by capacity expansions including standalone, Sri Lanka, and Young Brand operations (Pages 5, 9).
For FY26, consolidated revenue is expected between INR 1,600 to 1,800 crores with stable EBITDA margins around 18% (Pages 9-10).
EPS is expected to grow aligned with revenue and margin expansion; FY25 consolidated EPS was INR 37.9 per share, with expectations of improvement (Page 5).

2 more points management made on profitability & margins

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

Capital Expenditure Plans

Consolidated capex planned for FY26 is approximately INR 60 crores in India plus $6 million (around INR 50-55 crores) as unsecured loan to Sri Lanka subsidiary, totaling about INR 110-120 crores.
Capex includes adding around 1,000 machines in India and 2,000 machines in Sri Lanka by March 2026.
Young Brand Apparel plans to lease a facility near Salem with 300 sewing machines to increase capacity to 1,700 machines by next year.
No major capex beyond FY27 is planned; focus will be on consolidating capacity, optimizing utilization, and sweating assets.

2 more points management made on capital expenditure plans

Top-ranked in Textiles & Apparels

Ranked on what management guided this quarter

5x potential

1Virat Industries₹530 Cr

Rev 1Mar 1

2Purple United₹474 Cr

Rev 1Mar 3

3₹847 Cr

Rev 2Mar 1

4₹279 Cr

Rev 2Mar 1

5₹2.7K Cr

Rev 2Mar 2

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The company plans to raise equity initially by the end of Q2 (FY26), as mentioned on Page 13.
The equity raise is linked to plans for demerging the retail business, with a potential separate listing in a few years (approximately 3 years from equity raising).
No major future capex investments are planned beyond minor maintenance; significant capacity expansions have been completed or are in progress (Page 9).

2 more points management made on fundraising & capital structure

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

Order Book & Pipeline

Current order book status for Garment division is INR 442 crores. (Page 4)
SPUK's current order book is valued at GBP 4.5 million. (Page 4)
For FY26, SPUK has an order book of approximately GBP 4.4 million. (Page 12)
No specific consolidated order book total mentioned beyond these figures.

S P Apparels — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

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 →

What S P Apparels's management said in earlier quarters

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Frequently Asked Questions

What were S P Apparels Q4 FY25 results?

Targeting INR 2,000 crores revenue by FY27 with approximately 7,500 machines in operation (Page 5). S.P.

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?

Consolidated capex planned for FY26 is approximately INR 60 crores in India plus $6 million (around INR 50-55 crores) as unsecured loan to Sri Lanka subsidiary, totaling about INR 110-120 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.