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.

S. P. Apparels Limited has scheduled an earnings conference call to discuss its financial results for the quarter ended March 31, 2026. The meeting is set for Friday, 22 May 2026 at 12.00 Noon IST and will be hosted by Elara Securities (India) Private Limited.

Leadership Representation

The conference call will feature participation from S. P. Apparels' senior management team. The following key executives are expected to represent the company:

• Mr P Sundararajan – Chairman & Managing Director
• Mrs S Latha – Executive Director
• Mrs S Shantha – Joint Managing Director
• Mr S Chanduran – Joint Managing Director
• Mrs PV Jeeva – Chief Executive Officer
• Mr V Balaji – Chief Financial Officer

Call Schedule Across Time Zones

The conference call is timed to accommodate participants across major global financial centres. The schedule across time zones is as follows:

Dial-In Details

Participants can join the call using the following dial-in numbers:

Registration for the Diamond Pass login is available via the official invite link. For RSVPs, participants may contact Prerna Jhunjhunwala at prerna.jhunjhunwala@elaracapital.com or reach out at +91 22 6164 8519 / +91 98209 34274.