S P Apparels

S P Apparels delivered a steady Q3 FY26 with consolidated revenue of ₹382 croreCurrent reported value: ₹382 crore. No comparable prior figure is available in the source record. (+6.6Current reported value: 6.6. No comparable prior figure is available in the source record.% YoY) and EBITDA of ₹56.6 croreCurrent reported value: ₹56.6 crore. No comparable prior figure is available in the source record. (+11.2% YoY), driven by resilient garmenting operations and retail turnaround. The India-US trade deal (18% tariff) and India-EU FTA have restored buyer confidence, with order visibility improving from Q2 FY27. Management maintained its ₹2,000 croreCurrent reported value: ₹2,000 crore. No comparable prior figure is available in the source record. revenue guidance for FY27Current reported value: 27. No comparable prior figure is available in the source record. and 15% EBITDA margin for garmenting. Key risks include Q4 softness due to transitional discounts and delayed order placements, and potential competition from Bangladesh's zero-duty access using US-origin cotton. Overall, the multi-country manufacturing model and capacity expansion in Sri Lanka and Young Brand position the company for strong growth as demand normalizes.