loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Sportking India Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Sportking India Ltd. 12 Nov 2025 13:25 PM
Result PDF

Q2FY26 Quarterly Result Announced for Sportking India Ltd.

Textiles company Sportking India announced Q2FY26 results

  • Revenue from operations stood at Rs 627.4 crore for Q2FY26. Exports contributed ~ 53% to overall revenue in Q2FY26 and increasing by 11% YoY.
  • In Q2FY26, Gross Profit increased by 4.8% YoY to Rs 151.3 crore. Gross Profit Margin expanded by 197 bps to 24.1%.
  • EBITDA for Q2FY26 was Rs 65.4 crore – an increase of 4.5% YoY. EBITDA Margin for the quarter improved by 82 bps on a yearly basis to reach 10.4%.
  • Profit After Tax for the quarter was Rs 28.3 crore – a decrease of 5.5% YoY. PAT Margin was 4.5% stable on a yearly basis.

Munish Avasthi, Chairman & Managing Director said: “We are pleased to deliver a stable quarter, underscored by a consistent upward trajectory in gross profit and EBITDA margins driven by softer input costs on a yearly basis. Modest rise in operating expenses YoY further supported gross margin flowthrough to EBITDA. This performance reflects our disciplined execution, operational efficiency, and resilience in navigating market dynamics.

The Indian spinning industry is navigating elevated domestic cotton prices sequentially driven by an increase in the Minimum Support Price, with the Cotton Corporation of India expected to play a larger role in stabilizing procurement. Government measures, including temporary relaxation of import duties, have narrowed the cost gap with global peers and improved competitiveness. Despite these headwinds, export volumes have stayed resilient, supported by strong global demand and improving competitiveness of Indian mills. The same was reflected in the exports share of our revenues which increased from 46% in Q2FY25 to 53% in Q2FY26 delivering a solid 11% growth YoY

The GST cut on everyday garments is expected to make clothing more affordable and encourage customers to buy more or choose better-quality apparel. During the upcoming festive season, this move should boost demand and create a positive ripple effect across the textile value chain, benefiting manufacturers like us.

In the previous quarter we had announced a greenfield capacity addition program with a planned investment of around Rs 1,000 crore to significantly expand spindle capacity. We have commenced some initial procedural work towards the same.

As we move ahead, we remain confident that supportive policy changes and a positive demand outlook in H2FY26 will create fresh avenues for growth. Grounded in strong fundamentals, a resilient export base, and a commitment to innovation, Sportking India Ltd is well-positioned to capitalize on emerging trends and deliver sustained value to all stakeholders."

Result PDF

Result PDF

Textiles company Sportking India announced Q1FY26 results

  • Revenue from operations stood at Rs 585.8 crore for Q1FY26, down 7.6% YoY. Exports contributed ~ 58% to overall revenue in Q1FY26 and increasing by ~18% YoY.
  • EBITDA for Q1FY26 was Rs 70.5 crore, a decrease of 4.5% YoY. EBITDA Margin for the quarter improved by 40 bps on a yearly basis to reach 12.0%.
  • Profit After Tax for the quarter was Rs 35.2 crore, registering a growth of 10.4% YoY. PAT Margin was 6.0% and expanded by 98 bps on a yearly basis.

Munish Avasthi, Chairman & Managing Director said: “We are proud to deliver strong export growth and a 10% growth in profitability, demonstrating resilience amid cautious consumer sentiment and uncertainty over the horizon. All key margins expanded on a YoY and sequential basis as we benefitted from stable input cost given largely rangebound cotton prices over majority of the foregone quarter.

The quarter was filled with geopolitical turmoil the latest being the tariff announcement. While this may in the short-term impact order volumes and margins given, it also is an opportunity to diversify and strengthen the sector’s standing in new end user markets. We remain hopeful of an amicable agreement being reached soon. On the contrary, the India–UK Free Trade Agreement (FTA) marks a breakthrough, securing duty-free access to the UK market and enhancing India’s global competitiveness compared to other Asian peers.

Despite the global frictions, we remain confident in our ability to navigate these shifts with agility. Both domestic and export markets have historically been par contributors to revenue – thus, we are uniquely placed in terms of having an intrinsic stabilizer given uncertain demand scenario both at national and international markets. We have very limited direct exposure to the US markets but have a relatively larger indirect exposure to the US market through international customers who are currently better placed than the local players under the proposed tariff structure.

Amid everchanging market conditions; our focus continues to be on producing quality products and building operational excellence. It thus pleases me to announce a greenfield capacity addition programme to increase our spindle count by ~40% and enable us to better serve the growing demand for our product. The proposed greenfield will be set up in the state of Odisha and given its location – it will further improve our pan India presence while as well as better serve international market given proximity to ports. The commitment to undertake a significant greenfield underscores our confidence in our business fundamentals as well as potential of the overall Indian textile sector.”

Result PDF

Textiles company Sportking India announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue from operations stood at Rs 628.8 crore for Q4FY25, up 2.9% YoY. Exports contributed ~ 58% to overall revenue in Q4FY25 and increasing by 43% YoY. Highest ever quarterly exports achieved.
  • EBITDA for Q4FY25 was Rs 74.3 crore – an increase of 10.8% YoY. EBITDA Margin for the quarter improved by 84 bps on a yearly basis to reach 11.8%.
  • Profit After Tax for the quarter was Rs 36.1 crore – registering a growth of 58.0% YoY. PAT Margin was 5.7% and expanded by 200 bps on a yearly basis.

FY25 Financial Highlights:

  • Revenue from operations stood at Rs 2,524.2 crore for FY25, up 6.2% YoY. Exports contributed ~ 52% to overall revenue in FY25 registering a growth of 15% on a yearly basis.
  • EBITDA for FY25 was Rs 262.9 crore – an increase of 28.2% YoY. EBITDA Margin for the financial year improved by 179 bps on a yearly basis to reach 10.4%.
  • Profit After Tax for the financial year was Rs 109.3 crore – registering a growth of 55.3% YoY. PAT Margin was 4.3% and expanded by 137 bps on a yearly basis.
  • The Board has, subject to shareholder approval, recommended a Final Dividend of Rs 1/- per equity share amounting to Rs 12.71 crore and 5% on Non-Cumulative NonConvertible Redeemable Preference Shares amounting to Rs 0.34 crore for FY25.

Munish Avasthi, Chairman & Managing Director, said: “We are pleased to report robust growth across all key financial metrics for FY25. Our Q4 performance continued the strong trajectory established in the earlier quarters, with strong export revenue growth and margin expansion due to softer input costs contributing to a 58% YoY increase in profit after tax.

Solid business performance generated significant free cash flow which was utilized in paring down debt further strengthening our balance sheet and enabling savings on interest outlay. We believe in creating value for all stakeholders including our shareholders. To this effect, it pleases me to report that the Board, subject to shareholder approval, has declared dividend of Rs 1 per equity share for the FY25.

Exports form a significant part of our business and over the years we have consistently demonstrated resilience, even achieving our highest quarterly export revenue in the current quarter. Our well-established presence in both domestic and international markets positions us to effectively navigate dynamic market conditions—whether that means meeting rising domestic demand or serving as a reliable sourcing partner for global customers.

The domestic operating environment continues to be favourable, supported by healthy demand trends and stable input costs, which have helped maintain yarn spread levels. Additionally, policy support from the government through FTAs with other countries, and initiatives like the development of integrated textile parks further strengthen the sector's outlook. This combined with our strength in efficient manufacturing, prudent resource management, and a steadfast commitment to quality, we remain confident in sustaining our growth momentum into the next financial year.”

Result PDF

Textiles company Sportking India announced 9MFY25 & Q3FY25 results

Q3FY25 Financial Highlights:

  • Revenue from operations stood at Rs 609.7 crore for Q3FY25, up 1.8% YoY. Exports contributed ~57% in Q3FY25 registering a growth of 18.7% on a yearly basis.
  • EBITDA for Q3FY25 was Rs 57.0 crore – an increase of 17.2% YoY. EBITDA Margin for the quarter improved by 123 bps on a yearly basis to reach 9.4%.
  • Profit After Tax for the quarter was Rs 16.3 crore – registering a growth of 18.0% YoY. PAT Margin expanded by 37 bps on a yearly basis.

9MFY25 Financial Highlights:

  • Revenue from operations stood at Rs 1,895.4 crore for 9MFY25, up 7.3% YoY. Exports contributed 50% in 9MFY25.
  • EBITDA for 9MFY25 was Rs 188.6 crore – an increase of 36.6% YoY. EBITDA Margin for the nine months improved 213 bps on a yearly basis to reach 9.9%.
  • Profit After Tax for 9MFY25 was Rs 73.1 crore – registering a growth of 54.0% YoY. PAT Margin is 3.9% - expanding by 117 bps on a yearly basis.

Munish Avasthi, Chairman & Managing Director said: “We continued to deliver on the growth front in a quarter that saw mixed consumer sentiment. Persistent inflationary headwinds curtailed discretionary spending during the festive quarter. While demand in the domestic market remained subdued, I am pleased to note that we achieved our highest quarterly export performance. As guided in the previous quarter, we do not foresee any structural slowdown in our key export market of Bangladesh, as demand continues to be robust.

The domestic and global markets presented different economic environments. Our performance during the quarter, despite such varying conditions, is a testament to the inherent resilience of our operations. This resilience is supported by our long-standing experience in both domestic and export markets, combined with deep relationships and quality manufacturing, which enabled us to achieve an improved margin profile.

Inflationary pressures were reported to have steadily declined during the second half of the quarter. Cotton prices remained rangebound, as expected, with some softening in prices toward the end of the quarter, coinciding with the onset of the new harvest. While domestic cotton prices remain elevated compared to international prices, we remain hopeful that this parity will be achieved. Thus, a pickup in consumer demand, combined with stable cotton prices and the potential for improved cotton-yarn spreads, paints an optimistic picture for our future.”

Result PDF

Textiles company Sportking India announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Revenue from operations stood at Rs 651.6 crore for Q2FY25, up 4% YoY. Exports contributed 46.0% in Q2FY25.
  • EBITDA for Q2FY25 was Rs 57.7 crore – an increase of 45.8% YoY. EBITDA Margin for the quarter improved by 255 bps on a yearly basis to reach 8.9%.
  • Profit After Tax for the quarter was Rs 25.0 crore – registering a growth of 61.4% YoY. PAT Margin expanded by 137 bps on a yearly basis.

H1FY25 Financial Highlights:

  • Revenue from operations stood at Rs 1,285.7 crore for H1FY25, up 10.1% YoY. Exports contributed 45.9% in H1FY25.
  • EBITDA for H1FY25 was Rs 131.5 crore – an increase of 47.2% YoY. EBITDA Margin for the half year improved 257 bps on a yearly basis to reach 10.2%.
  • Profit After Tax for H1FY25 was Rs 56.8 crore – registering a growth of 68.8% YoY. PAT Margin is 4.4% - expanding by 154 bps on a yearly basis.

Munish Avasthi, Chairman & Managing Director, Sportking India, said: “It pleases me to report that our export sales have registered a growth sequentially whilst being relatively resilient. This achievement becomes even more noteworthy in the context of the quarter being fraught with uncertainties relating to turmoil gripping our key export market of Bangladesh. While Bangladeshi cotton mills did face some disruption early in the quarter the situation gradually recovered and there were no booking, financial and order issues from our customers thereon. While we do not perceive any structural slowdown in the textile industry of Bangladesh, any further stress does open an opportunity for the Indian textile industry to cater to the demand shift from end users

We share long-standing relation with various domestic players combined with a strong marketing presence in the local market and thus the current exports turmoil would have, if any, only a transient impact on our performance. As evidenced in the current quarter’s results, our domestic market performance offset the temporary challenges faced from the export market thus achieving a topline that registered growth both on a year-on-year basis as well as sequentially.

With an eye towards the future, we took two important decisions which I believe are critical in the value accretion towards our company. First is the amalgamation of certain private entities within the listed company equipping us with the ability to climb up the value chain in terms of Fabric processing and manufacturing & retailing of Garments leveraging our decades of expertise of the textile industry. Second is investment in an SPV to secure supply of solar power to not only save on power costs but also to further our commitment to sustainable operations.

On the operational front we have executed our de-bottlenecking plans per schedule with benefits of the same reflecting in our operational performance from Q3FY25. Our margins showed stark improvement over the previous year on account of improving demand scenario, stable input prices and lower interest costs. Festivities and wedding season will fuel domestic demand in the upcoming quarter while inventory liquidation and sourcing shift should provide impetus to export demand. We will continue to focus on operational efficiencies while striving to unlock the full potential of the now merged companies.”

Result PDF

Textiles company Sportking India announced Q1FY25 results:

Financial Highlights:

  • Revenue from operations stood at Rs 634.0 crore for Q1FY25, up 17.7% YoY and 3.7% QoQ. Exports contributed 47% in Q1FY25
  • EBITDA for Q1FY25 was Rs 73.8 crore – an increase of 48.3% YoY and 10.0% QoQ. EBITDA Margin for the quarter improved by 66 bps sequentially & 240 bps on a yearly basis to reach 11.6%
  • Profit After Tax for the quarter was Rs 31.8 crore – registering a growth of 75.1% YoY & 39.2% QoQ. PAT Margin expanded by 165 bps on a yearly basis and 128 bps sequentially

Operational Highlights:

  • Total Production Volume stood at 20,311 MT for the quarter v/s 18,455 MT in Q1FY24
  • Yarn Sales Volume for Q1FY25 stood at 19,964 MT v/s 17,396 MT in Q1FY24
  • Capacity Utilization at 95% for Q1FY25

Commenting on the results, Munish Avasthi, Chairman & Managing Director said, “We continue to enjoy steady recovery as evidenced by consistent growth and margin expansion in our financial results. The overall demand scenario remains encouraging with domestic market demand rising led by retailers and recovery of local segments such as weaving and denim. Export market demand for yarns garnered strength in our key market such as Bangladesh.

Cotton Yarn spreads have remained steady with some improvement being witnessed sequentially. This is largely due to cotton prices remaining range bound and we expect them to be stable for the upcoming quarters. Reduced vagaries in prices of cotton have enabled better purchase and inventory management.

It was another strong quarter on the operational front as we remain on path to margin recovery. Growth for the quarter was volume led with our production and sales volumes both registering a growth of 10% and 15% year on year, respectively. We strive to maintain a dedicated focus on improving our efficiency and that has resulted in us being able to maintain our peak utilization levels which remain amongst the highest in the industry.

We remain hopeful of the overall industry prospects going forward aided by improvement in demand, competitive cotton prices and regulatory support towards the sector’s growth.”

Result PDF

Textiles company Sportking India announced Q4FY24 results:

Financial Highlights:

  • Export contribution to revenue from operations stood at 41% for the quarter.
  • Revenue from operation stood at Rs 611.7 crore for Q4 FY24, up 14.5% YoY and 2.1% QoQ.
  • EBITDA for Q4 FY24 was Rs 67.1 crore – an increase of 20.4% YoY and 38.0% QoQ. EBITDA Marginfor the quarter improved by 286 bps sequentially & 54 bps on a yearly basis to reach 11.0%.
  • Cash Profit after Tax for the quarter was Rs 44.7 crore – stable YoY and registering a growth of 24.5% QoQ.
  • The Board has recommended a Final Dividend of Rs 5/- per equity share of face value of Rs 10/-each (50% of Face Value) and 5% on Non-Cumulative Non-Convertible Redeemable PreferenceShares of face value of 10/- Dividend payout would thus be ~9.5% of FY24 Profit after Tax.

Commenting on the results, Mr. Munish Avasthi, Chairman & Managing Director said, “In a year marked by economic vagaries fueled by regional conflicts across the globe, it fills me with pride to look back at our performance in the financial year gone by. On the operations front - smooth integration of the newly expanded capacity to ensure a faster turnaround and ramping up of our utilization levels as well as timely completion and operationalization of all phases of solar power roof top project were testaments to our strong execution capabilities.

We added another feather in our cap with the recognition as a “Four Star Export House” by MCI for our export efforts. During the year, both domestic and export markets had their periods of ebbs and flows, and thus revenue by geographies have remained largely equal.

Favorable cotton-yarn spreads and judicious procurement decisions improved margins in the current quarter. This was aided by domestic demand improvement in the previous quarter, continuing in the current quarter as well. Our operations remain at full scale, and with quarterly trend of major expenseheads intact – we foresee the current performance to be replicable in the near future. We remain hopeful that the trend of margin recovery to continue going forward. Regular efforts are being undertaken to explore and assess viability of capacity expansion and portfolio expansion of our current yarn offerings. We firmly believe that there is enough impetus for growth in our sector and we will continue to capitalize on that. Our outlook for the upcoming financial year remains positive driven by favorable realizations, pickup in demand of export market and policy support from the regulators” 

Result PDF

Textiles company Sportking India announced Q1FY24 results:

  • The second phase of capacity expansion i.e. 63,072 spindles will start contributing fully to the topline from Q2FY24 – added almost 35% to the existing capacity in the last 1 year
  • Additional 10 MW of rooftop solar power capacity has come online taking the aggregate capacity to 20 MW. The remaining 5 MW will be operationalized by September of this financial year. This will enable cost savings in terms of power cost per unit.
  • Achieved stable gross profit and EBITDA margins despite industry headwinds.
  • Revenue from operation stood at Rs 539 crore for Q1FY24, up every quarter.
  • EBITDA for Q1FY24 is Rs 50 crore with a margin of 9%
  • Cash Profit after Tax for Q1FY24 was Rs 38 crore

Commenting on the results, Munish Avasthi, Chairman & Managing Director said, “I am pleased to announce that despite facing headwinds like volatile cotton prices as well as demand uncertainties in the recent past we have achieved steady revenue and consistent margins in the current quarter. Our revenue from operations saw a 47% share from exports, indicating our competitiveness in the international market.

Looking ahead, we are optimistic about the future as cotton prices in India seem to have stabilized, making our country's textile industry more competitive globally. Moreover, with China reopening its economy, the international scenario appears favorable for our industry.

We anticipate a positive trend in demand in the upcoming quarters as retailers complete their de-stocking phase. To capitalize on the same, we announced a phased capacity expansion of around 1,00,000 spindles (a 35% increase on our existing capacity) about a year ago. This capacity expansion combined with ensuring industry-best utilization levels will allow us to operate on a larger scale, leading to growth. This has predictably increased our depreciation and well as finance costs – affecting our bottom line in the current quarter. However, as the last phase of capacity becomes fully operational in the next quarter (Q2FY24), we are confident that it will positively impact both our top line and bottom line. We are thus optimistic not only about the sector but also about our company's prospects.

Overall, we remain positive about the future and our ability to thrive in the challenging yet promising textile industry.”

 

 

 

Result PDF

Textiles company Sportking India  Announced Q1FY23 Result :

  • Sportking India Limited delivers consistent performance in Q1 FY23 with a revenue growth of 34.9% (YoY) at Rs. 606 crores
  • Revenue growth of 34.9% YoY at Rs. 606 crores
  • EBITDA growth of 7.3% YoY at Rs.134 crores, EBITDA margin stood at 22.1%
  • PAT grew 5.2% YoY to Rs. 83 crores.
  • Revenues in Q1 FY23 increased by 34.9% YoY to Rs. 606 Crs
  • EBITDA in Q1 FY23 increased by 7.3% YoY to Rs 134 Crs.EBITDA Margin in Q1 FY23 stood at 22.1%
  • PAT in Q1 FY23 increased by 5.2% YoY to Rs. 83 Crs. PAT Margin in Q1 FY23 stood at 13.7%
  • Successful commissioning of 10 MW Rooftop Solar Power Project for captive consumption in June 2022 

Commenting on the Results, Mr. Munish Avasthi, Managing Director said, “We have entered FY23 with a positive outlook for our business and confidence in our ability to keep it growing sustainably. We have delivered a resilient performance despite inflation issues, high commodity prices & supply chain disruptions. We have successfully commissioned the 10 MW Rooftop Solar Power Project at Bathinda unit to reduce greenhouse gases emissions and power cost. Our Phase 1 capacity expansion project is on track to get completed on time.

Despite demand and inflationary constraints, our capacity utilization for the quarter was more than 95%, and we plan to grow on this in the upcoming quarters as we anticipate the inflationary pressures to reduce and demand scenario to improve. We are confident of delivering sustainable and profitable growth in future.”

Result PDF

Trending News

Midhani has secured an order of Rs. 121.75 crore

Midhani has secured an order of Rs. 121.75 crore

Published on 19-Dec-2025 09:02

Aeroflex Industries Board has approved a ₹97.56 crore expansion plan

Aeroflex Industries Board has approved a ₹97.56 crore expansion plan

Published on 19-Dec-2025 09:01

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

Published on 19-Dec-2025 09:00

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

Published on 18-Dec-2025 09:07

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Published on 18-Dec-2025 09:06

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

Published on 18-Dec-2025 09:05

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status