
Sportking India delivered exceptional Q1 FY27 results with standalone net profit surging 122.85% to ₹75.97 crore compared to ₹34.09 crore in the same quarter last year. According to reports from Business Standard, the company's revenue from operations increased 20.12% YoY to ₹703.67 crore in Q1 FY27. Profit before tax jumped 119.88% YoY to ₹102.20 crore, demonstrating strong operational leverage across the business. The company's Board of Directors approved the unaudited financial statements on August 1, 2026, providing formal validation of the strong quarterly performance.
The company achieved significant margin improvements with EBITDA increasing 90.3% YoY to ₹132.2 crore from ₹69.5 crore in Q1 FY26. As reported by Business Standard, EBITDA margin expanded 693 basis points to 18.8% from 11.9% a year earlier. PAT margin stood at 10.8%, reflecting a 498 basis points YoY expansion. Earnings Per Share (EPS) increased to ₹6.0 per share for the quarter, compared to ₹2.7 in Q1 FY26 and ₹2.6 in Q4 FY26. The substantial margin improvement indicates enhanced cost management and operational excellence initiatives.
The company demonstrated strong operational efficiency with total production volume at 20,120 Metric Tonnes (MT) during Q1 FY27. Yarn sales volume reached 20,492 MT in Q1 FY27, compared to 20,327 MT recorded in Q1 FY26. Gross profit reached ₹228.0 crore, up 46.0% YoY from ₹156.1 crore in Q1 FY26, with gross margin expanding by 575 basis points YoY to 32.4%. The improved operational metrics reflect the company's focus on operational excellence and favorable market conditions.
Munish Avasthi, Chairman & Managing Director, expressed satisfaction with the strong FY27 start, stating that revenue grew 20.1% year-on-year while profitability more than doubled during the quarter. According to Business Standard, he attributed the performance to improved realizations, healthy spreads, and continued focus on operational excellence. The management highlighted that all key margins witnessed significant expansion on both year-on-year and sequential basis, reflecting favorable market conditions and disciplined execution. He noted that demand trends across key export markets remained stable during the quarter, with Europe witnessing improving traction.
Looking ahead, management remains optimistic about demand prospects, citing the upcoming festive season and improving sentiment across domestic and international markets. As reported by Business Standard, the Government's decision to temporarily remove import duty on cotton has improved cotton availability and brought greater stability to raw material markets. The India-UK Free Trade Agreement implementation is a significant positive for the Indian textile sector and is expected to enhance competitiveness in one of the world's largest apparel markets. The company continues investing in long-term growth with its Odisha greenfield expansion project adding 1,50,000 spindles progressing as planned, with initial commercial production from Phase 1 anticipated to start during Q3 FY27. During the quarter, Sportking India officially commissioned its solar power project, expected to reduce overall annual power costs by 12% to 13%.