Sportking Q2 Profit Jumps 240.9%; Odisha Expansion On Track
Sportking India reported a 240.9% year-on-year increase in net profit to Rs 96.4 crore for the second quarter ended September 30, 2026, supported by improved realisations, favourable spreads and operational efficiency. Revenue from operations rose 24.5% to Rs 781.1 crore.
EBITDA increased 136.8% to Rs 154.9 crore, while the EBITDA margin expanded by 940 basis points to 19.8%. Gross profit grew 64.7% to Rs 249.2 crore, and the net profit margin improved to 12.3% from 4.5%.
Production remained largely stable at 21,296 tonnes, compared with 21,294 tonnes a year earlier. Yarn sales volumes increased to 21,172 tonnes from 20,949 tonnes.
For the first half of FY2027, revenue rose 22.4% to Rs 1,484.7 crore, with exports contributing approximately 52.2%. EBITDA grew 112.8% to Rs 287.1 crore, while net profit increased 176.3% to Rs 172.3 crore.
Chairman and Managing Director Munish Avasthi said healthy realisations and disciplined execution supported profitability, while demand remained encouraging across domestic and international markets.
The company’s approximately Rs 1,000-crore greenfield project in Odisha, adding 1,50,000 spindles, is progressing as planned. First-phase production is expected during Q3 FY2027. Its proximity to cotton-producing areas is expected to support raw material access and operational efficiency.
A solar power project commissioned in Q1 FY2027 is also contributing to cost efficiency.
