S. P. Apparels Limited — PPTs, 12-02-2026: Investor Presentation

SPAL delivered strong consolidated Q3 & 9M results. Q3 revenue rose 6.6% to Rs 382.95 Cr, and 9M revenue surged 21.9% to Rs 1,213.73 Cr. PAT also impressed, up 9.1% to Rs 27.00 Cr for Q3 and 27.3% to Rs 82.36 Cr for 9M. EPS for 9MFY26 hit Rs 32.8.

Growth is driven by capacity expansion, targeting ~1,000 new machines by FY26E, including a Sivakasi greenfield plant. The company is diversifying its product mix beyond kids wear and expanding into Sri Lanka with an asset-light model, aiming for 2,000 machines. New acquisition Young Brand Apparels will grow to 1,700 machines with cross-selling.

Key developments include SPUK turning EBITDA positive at Rs 1.87 Cr in 9MFY26, a significant turnaround. Retail segment also maintained positive EBITDA. Salem expansion for Young Brand Apparels is back on track.

Management's outlook includes a commitment to carbon neutrality by 2033 and leveraging trade agreements for SPUK to tap new European markets. #EquityAnalysis #SPAL