S P Apparels Ltd

- Post-acquisition, the company's net debt, including packing credits, is expected to rise to Rs. 150-160 crores (from the current Rs. 42 crores net debt). - The acquisition investments have been diluted, and all packing credits have been closed. - No explicit mention of new equity fundraising was made during the call. - Plans to consider engaging with strategic or financial partners in the retail division to strengthen and scale the business, which may imply possible future equity participation. - No direct confirmation of new debt or equity fund raises specifically beyond the acquisition-related adjustments and ongoing CAPEX was provided.

- Adding 1,000 machines in Sri Lanka in the current year to boost capacity. - Incremental capacity expansion of 7% to 10% year-on-year in existing factories in India. - New factories being set up in Sivakasi, India, to increase capacity. - Acquisition of Young Brand adding 1,800 machines capacity focused on innerwear segment. - Sri Lanka operation capacity expected to scale up to 2,000 machines in the near future. - Continual capacity ramp-up planned to achieve optimum utilization levels of 85%-90% by FY25. - Potential engagement with strategic or financial partners to scale the retail business. - Overall capital investments aimed at expanding garmenting, innerwear, and Sri Lanka operations to meet increased demand and capture market growth opportunities.

- Targeting 7% to 10% volume growth in existing garment business excluding Sri Lanka (P.V. Jeeva, P. Sundararajan). - Sri Lanka operation expected to contribute Rs. 100 crores in first year, Rs. 200-300 crores in next years (V. Balaji, P. Sundararajan). - Capacity expansion: 1,000 new machines added in Sri Lanka in FY25; total ~5,000 machines currently and increasing (V. Balaji). - Acquisition of Young Brand adds 1,800 machines, expanding innerwear segment and cross-selling opportunities (P. Sundararajan, S. Chenduran). - S.P. UK division aims to double topline by FY25 (Management outlook). - Overall revenue growth with contributions from garment, innerwear, Sri Lanka operations, and retail business expansion. - Retail business expected to reach Rs. 100-110 crores in FY25 with positive EBITDA (V. Balaji).

- Company targets a 7% to 10% volume growth in the core garment business for FY25, excluding Sri Lanka operations. - Sri Lanka operation expected to contribute Rs. 100 crores in the first year (starting H2 FY25) and Rs. 200-300 crores in the subsequent year. - Young Brand acquisition and capacity expansions (including 1,800 machines from Young Brand and 1,000 machines added in Sri Lanka) will drive additional growth. - EBITDA margin guidance remains around 18% for garment division, sustainable in FY25 despite recent quarter challenges. - Retail business aims for Rs. 100-110 crores topline in FY25 and expects positive EBITDA for the full year. - Overall PAT growth was 13% standalone and 8.6% consolidated in FY24; further growth expected with scaling operations. - EPS stood at around 41.4 per share standalone in FY24 with growth expected from expanded capacity and new business contributions.

- Current garment division order book stands at Rs. 389 crores. - S.P. UK order book is GBP 2.7 million. - Sri Lanka operations have started receiving orders from existing customers due to capacity constraints in India; expected revenue of Rs. 100 crores in the first year and Rs. 200 crores in the second year. - Post-acquisition of Young Brand, new customer base and cross-selling opportunities are expected to increase order inflow. - Overall, the company anticipates doubling S.P. UK topline by FY25 and significant growth from Sri Lanka operations to support increased order volumes. - Customers are consolidating suppliers, benefiting larger, integrated suppliers like S.P. Apparels, supporting steady order inflow.