S. P. APPARELS LIMITED

During the Q1 FY27 earnings conference call held on August 13, 2026, management reported that the Board approved a dividend of INR 3 per share and proposed a stock split from INR 10 to INR 2 per share, pending approval. Management noted a stable revenue performance with improved profitability, despite a soft top line due to U.S. tariff impacts. They highlighted a goal of achieving consolidated revenue of INR 2,000 crores for FY27, with stronger growth anticipated in the second half. The Garment division remained a key growth driver, showing improved margins and operational efficiencies. Management also discussed the positive impact of the India-U.K. free trade agreement and the addition of new U.K. brands to their customer base. The Young Brand Apparel segment is set to expand with new product lines, while the retail division showed revenue growth. Overall, management expressed confidence in achieving growth objectives and delivering long-term value to stakeholders.

Management emphasized growth initiatives and improved profitability.