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SP Apparels
SPAL
NSE
BSE
NSEBSESectorTextiles
1,062.80
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NSEBSEThe Quarter story
The two most recent quarterly results, compared side-by-side.
Margins expand and costs tighten as revenue volumes soften across key segments.
Gross margin expands from 57.4% to 63.7% between Q1 FY26 and Q1 FY27 — reflecting stronger pricing power.
Consolidated revenue declines from ₹4,273.4 Cr to ₹2,751.2 Cr between Q2 FY26 and Q1 FY27 — signaling softer demand.
Finance costs drop from ₹200.5 Cr to ₹24.2 Cr between Q2 FY26 and Q1 FY27 — significantly easing interest burden.
Garment division capacity utilization slips from 83.0% to 68.0% between Q2 FY26 and Q1 FY27 — indicating lighter order books.
Employee expenses fall from ₹1,063.7 Cr to ₹725.4 Cr between Q2 FY26 and Q1 FY27 — highlighting effective workforce optimization.
SPUK EBITDA worsens from ₹11.3 Cr to -₹10.4 Cr between Q2 FY26 and Q1 FY27 — as brand scaling pressures margins.
Retail division EBITDA improves from -₹20.7 Cr to ₹4.2 Cr between Q1 FY26 and Q1 FY27 — marking a steady turnaround.
Young Brand Apparel sales volume contracts from 6.2 Mn pcs to 5.0 Mn pcs between Q3 FY26 and Q1 FY27 — reflecting seasonal demand shifts.
Young Brand Apparel adjusted EBITDA margin grows from 12.5% to 17.7% between Q1 FY26 and Q1 FY27 — sustaining brand profitability.
Mutual fund shareholding reduces from 18.7% to 14.6% between Q1 FY26 and Q1 FY27 — showing institutional profit-booking.