S P Apparels
S P Apparels Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
4 of 5 strong
The short version
FY27 consolidated revenue guidance is INR 2,000 crores with EBITDA margin around 14%-15%. FY27 consolidated revenue guidance is INR 2,000 crores with an EBITDA margin around 14%-15%.
From S P Apparels's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY27 consolidated revenue guidance is INR 2,000 crores with EBITDA margin around 14%-15%.
- Garmenting division expected to contribute INR 1,800 crores, SPUK about INR 150 crores, and Retail Ventures around INR 80-90 crores in FY27.
- FY28 revenue potential estimated at INR 2,500 crores with improved utilization and capacity expansion.
- Capacity additions planned post full utilization, targeting 9,000-10,000 machines by FY28 to support growth.
- Expect strong recovery and volume growth from US clients starting Q3 FY27 following tariff resolution.
- Geographic diversification with target mix by FY27: 30% US, 35% Europe, 35% UK.
- New large customers in Europe and UK anticipated, improving order book and volumes.
- Positive outlook on order inflow if UK-EU Free Trade Agreement materializes.
2 more points management made on revenue & sales performance
Profitability & Margins
See what S P Apparels said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company plans to add 200-300 machines in India by the end of FY27, with an estimated cost of INR 200-250 crores.
- Expansion projects in Salem (Young Brand Apparel) and Sivakasi (SPAL India) were previously on hold due to US tariff uncertainties but have now resumed. Salem expansion may start commercial production by FY28.
- Further capacity additions in FY28 will depend on utilization levels of current assets; no definite plans yet beyond sweating current assets.
- The company is ready to add more capacity if utilization improves, targeting up to 9,000-10,000 machines and INR 2,500 crores revenue in the future.
2 more points management made on capital expenditure plans
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
- Current order book as of May 22, 2026:
- SPAL Garmenting Division: INR 380 crores
- Young Brand Apparel: INR 142 crores
- SPUK: GBP 6.1 million (approx. INR 60-65 crores depending on exchange rate)
- Total combined order book: Approximately INR 600 crores
- For SPUK in FY27, expected revenue of USD 12-14 million (approx. INR 100-110 crores), including:
- Two anchor customers expected to contribute around USD 8 million each (approx. INR 120 crores total)
2 more points management made on order book & pipeline
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.
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What S P Apparels's management said in earlier quarters
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Frequently Asked Questions
What were S P Apparels Q4 FY26 results?
FY27 consolidated revenue guidance is INR 2,000 crores with EBITDA margin around 14%-15%. FY27 consolidated revenue guidance is INR 2,000 crores with an EBITDA margin around 14%-15%.
What is S P Apparels share price analysis?
S P Apparels currently shows a moderate growth signal based on ranking data. 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?
The company plans to add 200-300 machines in India by the end of FY27, with an estimated cost of INR 200-250 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.