Whalesbook
SP Apparels reported a strong Q2 FY26 with 9.2% revenue growth and 170 bps margin expansion. The company achieved a significant turnaround with its UK subsidiary (SPUK) becoming profitable and its retail division posting positive EBITDA for the first time. Despite US tariff challenges, SP Apparels demonstrates resilience and future growth potential, trading at 12x FY27 earnings.