Sportking India Ltd

Q3 FY26Textiles & Apparels

Sportking India Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹213

Market cap₹2.5K Cr

P/E15.7

Updated23 Aug 2026

Read4 min read

The short version

Current capacity utilization is at 96%, limiting near-term revenue growth unless prices increase. Q3 FY '26 PAT increased by 33% Y-o-Y, indicating strong profitability growth.

From Sportking India Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Current capacity utilization is at 96%, limiting near-term revenue growth unless prices increase.
Revenue growth in FY '26 mainly expected from price increases and new capacities coming online.
The Odisha greenfield project (INR 1,000 crore capex) will add approximately INR 1,200-1,300 crore turnover once fully ramped.
Commissioning of Odisha plant to start by October, with full capacity ramp-up in 4-6 months, expected to be at 96-98% utilization by end of next financial year.
Merger completion by April 1 will add around INR 200 crore revenue, with plans to increase garmenting and dyeing turnover by 25-30% next year.

2 more points management made on revenue & sales performance

Profitability & Margins

Q3 FY '26 PAT increased by 33% Y-o-Y, indicating strong profitability growth.
EBITDA margin expanded by 45 bps Y-o-Y to 10.2%, showing improved operational efficiency.
Company operates at 96% capacity utilization, with limited near-term revenue growth without capacity expansion.
Revenue growth expected primarily from price increases and the upcoming Odisha greenfield expansion.
Odisha project (INR1,000 crores capex) to add INR1,200-1,300 crores turnover, commissioning starts in Q3 FY '26, ramp-up over 3-4 months.
Margins expected to improve further over next 2-3 quarters due to positive demand and tariff reductions from trade deals.
Long-term growth driven by textile industry consolidation, increased exports from India-US and India-EU trade deals, and expansion in garment segment post-merger.

2 more points management made on profitability & margins

See what Sportking India Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

INR 1,000 crores greenfield expansion project in Odisha to increase spinning capacity by 40% (1.5 lakh spindles), raising total capacity to 3.79 lakhs spindles.
Project funded through a mix of term loans (around INR 650 crores) and internal accruals.
Land acquired, approvals received, machinery payments made, and construction underway; commissioning expected from October 2026 with full ramp-up by end of next financial year.
Additional 40 MW solar capacity starting from March 1, 2026, increasing renewable power consumption to 40-45%, expected to save around INR 16 crores annually.

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₹1.3K 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 is undertaking a greenfield expansion project in Odisha with a total capex of approximately INR1,000 crores.
This capex is planned to be funded through a mixture of term loans and internal accruals.
The term loan portion for the Odisha plant is around INR650 crores.

2 more points management made on fundraising & capital structure

See what Sportking India Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders for Sportking India Limited. However, relevant information includes: - Demand outlook is positive due to trade deals with the EU, U.S., and U.K., expected to unlock significant orders. - January demand has improved sharply, especially from China, with Bangladesh market remaining resilient. - The government’s initiatives and trade agreements are expected to drive substantial downstream momentum.

2 more points management made on order book & pipeline

Sportking India Ltd — 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 ₹637 Cr, net profit ₹33 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Sportking India's management said in earlier quarters

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Frequently Asked Questions

What were Sportking India Ltd Q3 FY26 results?

Current capacity utilization is at 96%, limiting near-term revenue growth unless prices increase. Q3 FY '26 PAT increased by 33% Y-o-Y, indicating strong profitability growth.

What is Sportking India Ltd share price analysis?

Sportking India Ltd currently shows a neutral. The stock trades at a P/E of 15.7 with a market cap of ₹2,540 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sportking India Ltd planning capital expenditure?

INR 1,000 crores greenfield expansion project in Odisha to increase spinning capacity by 40% (1.5 lakh spindles), raising total capacity to 3.79 lakhs spindles.

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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.