| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 636.78 | 1.4% | 1.3% |
| Total Income | 628.83 | 3.0% | 1.4% |
| Expenditure | 584.85 | 5.0% | 0.3% |
| PBT | 43.98 | 33.9% | 13.6% |
| Net Profit | 32.76 | 33.2% | 9.3% |
| OPM | 13.42% | 3.26pp | 1.60pp |
| NPM | 5.21% | 1.42pp | 0.45pp |
| EPS | 2.55 | 31.4% | 9.3% |
Sportking India FY26 PAT Up 5.8% to ₹119.7 Cr
18 May 2026 · 18 May, 12:15 pm
Summary
Sportking India Limited announced steady financial results for Q4 and the full year ended March 31, 2026. Q4 FY26 revenue from operations saw a marginal increase of 1.3% year-over-year to Rs. 636.8 Crs, while full-year revenue for FY26 was stable at Rs 2,495.9 Crs. The company demonstrated strong operational efficiency, with Q4 EBITDA growing 16.1% year-over-year to Rs. 85.4 Crs and EBITDA margin expanding by 172 bps to 13.4%. Despite a 7.3% decline in Q4 PAT to Rs. 32.8 Crs due to foreign exchange mark-to-market provisions, full-year FY26 PAT increased by 5.8% to 119.7 Crs, with a PAT margin of 4.8%. Management highlighted improved profitability driven by stronger operational efficiency and margin expansion, along with favorable U.S. tariff structures supporting textile exports.
Key Highlights
- 1
Revenue from operations for Q4 FY26 was Rs. 636.8 Crs, a marginal increase of 1.3% year-over-year, while full-year FY26 revenue remained stable at Rs 2,495.9 Crs.
- 2
EBITDA for Q4 FY26 increased by 16.1% year-over-year to Rs. 85.4 Crs, with the EBITDA margin improving by 172 bps to 13.4% for the quarter.
- 3
For the full year FY26, EBITDA rose by 7.2% to Rs 286 Crs, and the EBITDA margin expanded by 89 bps to 11.5%.
- 4
Profit After Tax for Q4 FY26 registered a degrowth of 7.3% year-over-year to Rs. 32.8 Crs, primarily due to negative other income of Rs 7.9 crores from mark-to-market provisions on foreign exchange.
- 5
Full-year FY26 Profit After Tax stood at 119.7 Crs, an increase of 5.8% year-over-year, with the PAT margin rising 31 bps to 4.8%.
- 6
The Board has recommended a Final Dividend of Rs. 1/- per equity share for FY 2025-26, subject to shareholder approval.
- 7
Sportking India Limited is progressing with a ~1,000 crores greenfield expansion to increase spindle count by 1,50,000, with commercial operations expected to commence in the third quarter of this financial year.
Management Comments
Munish Avasthi
I am pleased to announce that the Company delivered a steady performance in Q4 & FY26. Despite the challenges we faced our revenue remained largely stable while profitability improved, driven by stronger operational efficiency and margin expansion, particularly in the fourth quarter. Revenue increased during the quarter, driven by higher yarn sales and improved realizations amid elevated global cotton prices. Leveraging inventory sourced at comparatively lower costs, the Company was able to enhance spreads, resulting in a positive impact on overall profitability and margins. During the quarter, U.S. tariff structures remained favorable, enhancing the India textile export competitiveness and supporting demand across key international markets. However, ongoing geopolitical tensions, particularly the U.S.-Iran conflict, created headwinds for the textile industry, resulting in supply chain disruptions, upward pressure on input costs, and a degree of uncertainty in global demand conditions. Rising fuel and freight costs, along with delays arising from rerouting through alternate trade corridors, led to extended transit times and increased logistics expenses across the value chain. Cotton prices remained elevated during the period, witnessing a steady upward trajectory across both international and domestic markets. This was primarily driven by constrained supply conditions and rising input costs across the value chain, which resulted in higher raw material costs for the textile sector. However, this increase in cotton prices translated into improved yarn realizations. Moreover, upward trend is also seen in demand in both international and domestic market. Despite the challenging environment, we remained resilient in our approach, continuing to invest in expansion while driving long-term growth. We are progressing well on our ~1,000 crores greenfield expansion which will significantly expand our spindle count by 1,50,000. The land has been secured, advances have been made for the machinery, and the construction activities have been initiated. This expansion will strengthen our ability to meet growing demand while improving operational efficiency. Commercial operations are expected to commence in the third quarter of this financial year. In conclusion, we remain confident in our strategic direction and our ability to
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