S. P. Apparels Limited — PPTs, 15-11-2025: Investor Presentation

SPAL reported strong H1 FY26 results: Consolidated revenue jumped 30.5% to Rs 830.8 Cr, with the financial results for Q2 showing revenue at Rs 427.3 Cr (+9.2% YoY). Net profit (PAT) for H1 grew 38.5% to Rs 55.4 Cr, and Q2 PAT soared 58.4% to Rs 34.7 Cr. Both Retail and SPUK divisions achieved positive EBITDA in Q2. Garment Exports revenue also rose 21.4% in H1.

Growth is driven by boosting existing capacity utilization and adding ~1,000 machines in India by FY26. SPAL is strategically expanding into Sri Lanka, aiming for 2,000 machines by FY27 through asset-light acquisitions, leveraging duty-free trade. The Young Brand Apparels acquisition will also see capacity grow to 1,700 machines.

Management sees positive momentum continuing for Retail and SPUK. Macro tailwinds like new trade agreements and government export schemes are set to fuel Indian garment exports, a big positive for SPAL's outlook, which includes a target of $65 billion by 2026 for India's textile exports. The company is committed to carbon neutrality by 2033. Q2 EPS stood at Rs 13.8.