S.P. Apparels Limited Chief Financial Officer V. Balaji has reduced his shareholding in the company by selling 1,750 equity shares through market transactions. The sales occurred between June 3 and June 5, 2026, and were executed at prices of ₹790 and ₹840 per share, aggregating to a total value of ₹14,07,500. The disclosure was made in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Prior to the disposal, Balaji held 5,250 equity shares, representing 0.02% of the company's shareholding. Following the sale of 1,750 shares, his stake has decreased to 3,500 equity shares, which constitutes 0.01% of the total holding. The company was intimated of the transaction on June 5, 2026.

The filing confirmed that there were no trading activities in derivatives by the designated person during this period. The transactions were classified as market sales, and the details were formally submitted to the exchanges on June 5, 2026.

Transaction Details

SP Apparels reported its audited financial results for the year ended March 31, 2026, showcasing growth in annual consolidated revenue and profitability despite a decline in quarterly net profit. The Board of Directors approved the standalone and consolidated results at a meeting held on May 20, 2026. The company has published the consolidated audited financial statements in the Financial Express and Dinamani newspapers on May 21, 2026, in accordance with Regulation 47 of the SEBI (LODR) Regulations, 2015.

Annual Consolidated Performance

For the full year FY26, the company achieved a revenue from operations of ₹15,786.4 million, a growth of 13.2% compared to ₹13,951.3 million in FY25. Profit after tax (PAT) for the year increased to ₹1,009.5 million from ₹951.0 million in the previous year. EBITDA for FY26 stood at ₹2,178.1 million, reflecting a 16.0% YoY growth. Earnings per share (EPS) for the year improved to ₹40.2 from ₹37.9 in FY25.

Quarterly Consolidated Performance

In Q4 FY26, revenue from operations stood at ₹3,649.1 million, while net profit for the quarter was ₹185.9 million. This represents a decrease from the corresponding quarter of the previous year. EBITDA for Q4 FY26 was recorded at ₹446.4 million. The company reported an EPS of ₹7.4 for the quarter.

Standalone Financials

On a standalone basis, adjusted total revenue for FY26 was ₹11,007.2 million, up 11.8% YoY. Profit after tax for the year grew by 5.2% to ₹878.5 million. For Q4 FY26, standalone PAT was ₹213.6 million on an adjusted total revenue of ₹2,493.7 million.

The following table summarises the key consolidated financial metrics for FY26 and Q4 FY26:

Segment and Operational Highlights

The Garment Division (including Young Brand Apparel) reported adjusted operational revenue of ₹14,219.8 million with an EBITDA margin of 16.2% during FY26. S.P. Apparels exported 70.4 million pieces during the year, while Young Brand Apparels exported 20.3 million pieces. The statutory auditors issued an audit report with an unmodified opinion on the financial results.

Management Guidance and Outlook

Addressing investors in an earnings conference call, management guided for a consolidated revenue of ₹2,000 crore in FY27 with an EBITDA margin of 14%-15%. The company expects its Sri Lanka operations to contribute ₹200 crore to ₹250 crore in FY27. Management noted that the US tariff-related disruptions that impacted Q4 volumes are stabilizing, with customer orders expected to improve from August 2026. The Retail division reported positive EBITDA from Q2 to Q4 FY26, while SPUK turned EBITDA positive during the year.