S.P. Apparels Limited (SPAL) Earnings Call Transcripts

S.P. Apparels Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, S.P. Apparels Limited reported a revenue of INR 364 crores, down from INR 399 crores year-on-year, with an EBITDA of INR 44 crores compared to INR 54 crores in the previous year. The company faced challenges due to geopolitical disruptions affecting export volumes, particularly in the Garment division. However, management signaled a positive outlook for FY '27, maintaining guidance for consolidated revenue of INR 2,000 crores and an EBITDA margin of 14-15%. The company is also optimistic about a rebound in U.S. customer orders and growth from its Sri Lanka operations.

Reported metrics

Guidance from management

Management reiterated guidance for FY '27, targeting consolidated revenue of INR 2,000 crores and an EBITDA margin of 14-15%. They expect normalized demand and improved customer engagement moving forward.

What management said

Yes, we -- yes, this global competition against Bangladesh and other countries. So this is helping us being duty -- we are coming under the duty paid -- we are not in the duty-free as against Bangladesh and Sri Lanka. So this currency depreciation of rupee is helping us to compete with this, not only for this and also the raw material prices have gone up here. That is all over the world. So that is not only for us. S...

Yes. See this FY '26, we have been able to do about INR 40 crores -- INR 45 crores of FOB business, export top line within this 1 year time. And we are aiming for INR 200 crores to INR 250 crores during the next financial year out of Sri Lanka.

What analysts pressed on

Analysts expressed concerns regarding the impact of ongoing geopolitical disruptions on order volumes and the timeline for ramping up operations in Sri Lanka. There were also questions about the sustainability of margins amidst rising raw material costs.

Main topics on the call

• Revenue Decline in Q4 — S.P. Apparels reported a revenue decline to INR 364 crores in Q4 FY '26 from INR 399 crores year-on-year, attributed to 'sequentially softer export volumes' due to geopolitical disruptions. Management noted that 'realiza...
• Positive Outlook for FY '27 — Management maintained guidance for FY '27, projecting consolidated revenue of INR 2,000 crores and an EBITDA margin of 14-15%. They stated, 'the temporary disruption phase is behind us, and we are seeing normalization in...
• Sri Lanka Operations Expansion — The company is ramping up its operations in Sri Lanka, aiming for INR 200-250 crores in revenue for FY '27. Management highlighted that 'Sri Lanka is a key strategic initiative for us' as they progress towards scaling to...
• Young Brand Apparel Performance — Young Brand Apparel reported adjusted operational revenue of INR 321 crores for FY '26, impacted by U.S. tariff volatility. Management noted, 'the situation has now stabilized and demand has revised,' indicating a potent...

Read the full S.P. Apparels Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 23 S.P. Apparels Limited earnings call transcripts on record, spanning February 17, 2020 to May 22, 2026. Based on this history, S.P. Apparels Limited reports quarterly. The most recent call on file is dated May 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SPAL

Exchange

NSEI

Country

IN

Sector

Consumer Discretionary

Industry

Textiles, Apparel and Luxury Goods

Calls on record

23

First call

February 17, 2020

Most recent

May 22, 2026

Reporting cadence

quarterly