Sportking India Limited Reports Steady FY26 Growth, Margin Expansion
Sportking India reported stable revenue growth and improved profitability for the fourth quarter and full year ended March 31, 2026, supported by stronger operational efficiency and higher yarn realizations.
The textile company posted revenue from operations of Rs 636.8 crore in Q4 FY26, up 1.3% year-on-year, while FY26 revenue remained largely stable at Rs 2,495.9 crore. Exports contributed 48.7% of total revenue during the quarter.
EBITDA for Q4 FY26 increased 16.1% to Rs 85.4 crore compared to Rs 73.6 crore in the corresponding quarter last year. EBITDA margin improved by 172 basis points to 13.4%. For FY26, EBITDA rose 7.2% to Rs 286 crore, with margin improving to 11.5%.
Profit after tax (PAT) for Q4 FY26 stood at Rs 32.8 crore, down 7.3% year-on-year due to mark-to-market foreign exchange provisions that led to negative other income of Rs 7.9 crore during the quarter. However, full-year PAT increased 5.8% to Rs 119.7 crore, while PAT margin improved to 4.8%.
The board has recommended a final dividend of Rs 1 per equity share for FY26, subject to shareholder approval.
The company also approved a majority stake acquisition in Marvel Dyers and Processors Private Limited and acquisition of the business of Sobhagia Sales Private Limited on a slump sale basis, subject to definitive agreements. It also plans to enter a long-term lease agreement for the manufacturing facility’s land and building.
Commenting on the performance, Munish Avasthi, CMD of Sportking India Limited said, “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.”
He said higher yarn sales and improved realizations amid elevated global cotton prices supported quarterly revenue growth, while inventory sourced at comparatively lower costs helped improve spreads and profitability.
Avasthi noted that geopolitical tensions and supply chain disruptions created headwinds for the textile industry, leading to higher logistics and input costs. However, he added that rising cotton prices also resulted in improved yarn realizations and stronger demand in domestic and international markets.
The company is also progressing with its nearly Rs 1,000 crore greenfield expansion project, which will add 1,50,000 spindles. Commercial operations from the new facility are expected to begin in the third quarter of the current financial year.
