SP Apparels Limited has announced a conference call to discuss its financial performance for the quarter ended December 31, 2025. The earnings call is scheduled for February 13, 2026 at 12:00 PM IST, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Participation

The conference call will be represented by key members of SP Apparels' senior management team. The company has confirmed participation from multiple executives who will provide insights into the Q3FY26 performance.

Call Details and Access Information

The earnings call is being organized in partnership with Elara Securities (India) Private Limited. Participants can join the discussion through multiple access methods designed to accommodate global investors and analysts.

Dial-in and Registration Options

The company has provided comprehensive access options for participants. Universal dial-in numbers include +91 22 6280 1146 and +91 22 7115 8047. Additionally, toll-free numbers are available for international participants across multiple regions.

International Toll-Free Numbers:

• US: 1 866 746 2133
• UK: 0 808 101 1573
• Singapore: 800 101 2045
• Hong Kong: 800 964 448
• Australia: 0080014243444

Participants can also access the call through Diamond Pass Login with advance registration. For RSVP and additional information, participants can contact Prerna Jhunjhunwala at Elara Securities.

Regulatory Compliance

The announcement was made through a formal communication to both the Bombay Stock Exchange Limited and National Stock Exchange of India Limited on February 10, 2026. The notification was signed by K Vinodhini, Company Secretary and Compliance Officer, ensuring adherence to regulatory requirements for investor communication and transparency.

SP Apparels Limited (SPAL) has reported robust financial results for the second quarter, with significant improvements across its various business segments. The company's consolidated revenue grew by 9.2% year-on-year to INR 427.00 crores, while profit after tax (PAT) surged by 58.4% to INR 34.70 crores.

Key Highlights

• Consolidated revenue: INR 427.00 crores (9.2% YoY growth)
• PAT: INR 34.70 crores (58.4% YoY growth)
• SPUK division: Achieved positive EBITDA of INR 1.10 crores
• Retail division: Reported positive EBITDA of INR 0.53 crores

Segment-wise Performance

Garment Division

The garment division, including Young Brand Apparel, reported an adjusted revenue of INR 389.00 crores, marking a 10.2% year-on-year growth. The adjusted EBITDA for this segment stood at INR 66.60 crores, showing a 16.7% increase from the previous year.

SPUK Division

SPUK division achieved a significant milestone by turning profitable. It reported a revenue of INR 18.00 crores with a positive EBITDA of INR 1.10 crores, compared to a loss in the same quarter last year.

Retail Division

The retail division also showed remarkable improvement, with revenue of INR 21.70 crores and a positive EBITDA of INR 0.53 crores, compared to a loss of INR 0.88 crores in the previous comparable quarter. Within the retail division:

• Crocodile brand revenue: INR 16.00 crores
• Angel & Rocket revenue: INR 5.00 crores

Export Performance

SP Apparels' export business witnessed strong growth, with export quantity reaching 18.9 million pieces in the current quarter, compared to 15.3 million pieces in the same quarter of the previous year, representing a 24% year-on-year increase.

Operational Updates

1. Sri Lanka Operations: The company has strengthened its presence in Sri Lanka, aiming to leverage the country's cost-effective manufacturing environment and duty-free access to Europe and the UK.

2. Capacity Utilization: SP Apparels maintained a healthy capacity utilization of around 83% in India, supported by strong demand and new customer additions across Europe and the UK.

3. U.S. Tariff Impact: The company is actively managing the impact of increased U.S. tariffs by exploring opportunities with European and UK customers to mitigate potential risks.

4. Retail Business Turnaround: The retail division's positive EBITDA marks a significant milestone, driven by strong performance of the Crocodile brand and growing traction for Angel & Rocket.

Future Outlook

Despite challenges in the U.S. market due to tariff issues, SP Apparels maintains its revenue guidance of INR 2,000.00 crores. The company plans to focus on stabilizing its recent expansions before considering further capacity additions.

Mr. P. Sundararajan, Chairman and Managing Director, commented, "We are delighted to report that all our divisions have delivered strong performance in Q2. Notably, retail and SP divisions have reported positive EBITDA during the quarter, marking a significant milestone in our turnaround strategy."

The company remains optimistic about its growth prospects, leveraging its integrated model, diversified customer base, and strategic expansions in Sri Lanka to drive sustainable growth in the coming years.

Financial Position

As of the latest report, SP Apparels' gross debt on a standalone basis stood at INR 263.00 crores, with a net debt of INR 229.00 crores. On a consolidated basis, the net debt is INR 303.00 crores.

SP Apparels continues to demonstrate resilience and adaptability in the face of global market challenges, positioning itself for sustained growth and profitability across its diverse business segments.