Sportking

Sportking India Limited reported quarterly results with revenue from operations of INR 585.80 crores and profit after tax of INR 35.2 crores, marking a 10.5% year-on-year increase. The company achieved gross profit of INR 157.2 crores with 2.1% growth and gross margin expansion of 254 basis points to 26.8%. EBITDA stood at INR 70.5 crores with margin expansion to 12%. Export share increased to 58% from 47% in the previous year, with exports growing 18% year-on-year at INR 341 crores. The company operates at 95% capacity utilization. Management announced a significant expansion plan involving INR 1,000 crore CAPEX to add 150,000 spindles in Odisha, representing 40% capacity increase over existing 3.8 lakh spindles. The new facility is expected to generate INR 1,000-1,200 crores revenue and improve overall company EBITDA margins by 200-300 basis points. The project timeline is 12-15 months with funding through internal accruals and term loans. The company also plans to integrate apparel manufacturing and dye house operations within 6-8 months, expected to add INR 200 crores to top line. Management noted challenges from US tariff uncertainties and rising Indian cotton prices but expressed confidence in business fundamentals.

Sportking India Limited has set August 23, 2025 as the record date for determining shareholder eligibility for a final dividend of Rs.1 per equity share for the financial year ended March 31, 2025. The Board of Directors recommended this dividend at their meeting held on May 1, 2025, subject to shareholder approval at the Annual General Meeting. The company's Register of Members and Share Transfer Books will be closed from August 24 to August 30, 2025. The 36th Annual General Meeting is scheduled for August 30, 2025 at 10:30 A.M. at the company's registered office.

Sportking India Limited reported revenue of ₹586 crores in Q1 FY26, with profit after tax increasing 10% year-on-year to ₹35 crores. The company achieved a gross margin of 27% and EBITDA margin of 12%. Export business contributed 58% to total revenue, with the company maintaining capacity utilization above 95%. The board approved a greenfield expansion project worth approximately ₹1,000 crores to add 1.50 lakh spindles in Odisha, representing a 40% increase over existing capacity of 3.79 lakh spindles. The expansion is expected to be completed in 12-15 months and will be funded through term loans and internal accruals. The company also received in-principle approval for merger of Marvel Dyers and Processor Pvt Ltd and Sobhagia Sales Pvt Ltd to enable forward integration into fabrics and garments.