S.P. Apparels FY26 Revenue Hits Rs 1,578.64 Crore

Consolidated revenue grew by 13.2% reaching Rs 1,578.64 crore, while EBITDA improved to Rs 217.81 crore.

Reader Takeaway: Revenue growth and international expansion offset US market disruptions, while shareholders benefit from dividends and stock split.

What just happened

S.P. Apparels has declared its financial results for FY26, showcasing consolidated revenue of Rs 1,578.64 crore and EBITDA of Rs 217.81 crore. The Board has declared a final dividend of Rs 3 per share and initiated a 1:5 stock split, reducing the face value from Rs 10 to Rs 2 per share, pending regulatory approval.

Why this matters

The stock split indicates management's confidence in liquidity and potential long-term value. Despite temporary order booking hurdles due to US tariff dynamics, the core Garment Division remained robust with an EBITDA of Rs 230 crore, while the Retail Division achieved a critical turnaround with positive EBITDA from Q2 through Q4.

Strategic Developments

Geographic diversification is underway with successful manufacturing operations launched in Sri Lanka, generating Rs 45 crore in export revenue. The company aims to operate four factories there within the next 12 months. Sustainability remains a priority, with investments aimed at reaching 4.5 MW of solar capacity by March 2027.

What to track next

Watch for the successful implementation of the 1:5 stock split and progress on scaling the Sri Lankan manufacturing units. Continued margin stability in the Garment Division remains a primary metric for investors given the shifting trade environment.