SPAL S. P. Apparels Q2 FY26 results (Jul–Sep 2025) and concall
S.P. Apparels reported a strong Q2 FY26 with consolidated revenue growing 9.2% YoY to INR 427 crores and EBITDA expanding to 14.9%. Key highlights include the turnaround of SPUK and Retail divisions to positive EBITDA, robust export growth in the Garment division, and strategic capacity expansion in Sri Lanka. While US tariff uncertainties led to reduced utilization at the Sivakasi facility and deferred Salem expansion, the company is mitigating risks by onboarding new European and UK customers and expects FY27 to be a landmark year for growth.
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What they filed
Q2 FY26: revenue up 9.2%, net profit up 59.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 391 | 359 | 399 | 403 | 427 +9% |
| EBITDA | 50 | 51 | 54 | 53 | 62 +24% |
| Net profit | 22 | 24 | 30 | 21 | 35 +59% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
