Sportking Q1 Profit Up 10%, Plans Rs 1,000 Cr Expansion
Sportking India Limited, one of India’s leading textile conglomerates, reported a 10.4% year-on-year rise in net profit to Rs 35.2 crore for Q1 FY26, supported by margin expansion despite lower revenues.
Revenue from operations stood at Rs 585.8 crore, down 7.6% YoY, though exports rose 18% YoY, contributing nearly 58% of total sales. EBITDA came in at Rs 70.5 crore, with margins improving to 12%, up 40 bps YoY. Gross margins also expanded to 26.8%, reflecting stable input costs amid rangebound cotton prices.
Production and sales volumes remained strong, with 20,907 MT of total output and 95% capacity utilisation, among the best in the industry.
Sportking also announced a Rs 1,000 crore greenfield expansion project in Odisha, which will add 1.5 lakh spindles in the first phase – a 40% increase over its current spindle base of 3.79 lakh. The project, funded through a mix of internal accruals and term loans, is expected to be completed in 12–15 months.
“We are proud to deliver strong export growth and double-digit profitability despite global uncertainties. The upcoming Odisha plant underscores our confidence in India’s textile potential and will further strengthen our domestic and international presence,” said Munish Avasthi, Chairman & Managing Director, Sportking India.
