Key Financial Performance - Consolidated Basis

Quarterly Performance (Q2 FY27 vs Q1 FY27):

  • Revenue from Operations: ₹4,522.2 million, up 12.8% from ₹4,010.8 million in Q1 FY27
  • EBITDA: ₹666.5 million, up 8.6% from ₹613.6 million in Q1 FY27
  • EBITDA Margin: 14.7%
  • Profit after Tax: ₹370.6 million, up 49.0% from ₹248.7 million in Q1 FY27
  • Earnings per share: ₹14.7, compared to ₹9.9 in Q1 FY27

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue from Operations: ₹8,532.9 million, up 2.7% from ₹8,307.8 million in H1 FY26
  • EBITDA: ₹1,280.1 million, up 9.8% from ₹1,165.8 million in H1 FY26
  • EBITDA Margin: 15.0%
  • Profit after Tax: ₹619.3 million, up 11.9% from ₹553.6 million in H1 FY26
  • Earnings per share: ₹24.7, compared to ₹22.1 in H1 FY26

Key Financial Performance - Standalone Basis

Quarterly Performance (Q2 FY27 vs Q1 FY27):

  • Adjusted Revenue from Operations: ₹2,901.3 million, up 9.1% from ₹2,659.4 million in Q1 FY27
  • Adjusted EBITDA: ₹462.9 million, compared to ₹465.8 million in Q1 FY27
  • Adjusted EBITDA Margin: 16.0%
  • Profit after Tax: ₹249.3 million, compared to ₹265.4 million in Q1 FY27
  • Earnings per share: ₹9.9, compared to ₹8.5 in Q1 FY27

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Adjusted Revenue from Operations: ₹5,560.7 million
  • Adjusted EBITDA: ₹928.7 million with EBITDA margin at 16.7%
  • Profit after Tax: ₹514.8 million, up 9.1% from ₹471.9 million in H1 FY26
  • Earnings per share: ₹18.4

Division Performance Q2 FY27

  • Garment Division (including Young Brand Apparel): Adjusted Operational Revenue of ₹3,992.6 million with Adjusted EBITDA of ₹643.9 million at 16.1% margin
  • S.P. Retail Ventures Limited: Revenue of ₹197.2 million with EBITDA of ₹2.2 million
  • S.P. Apparels UK (P) Limited: Revenue of ₹380.9 million with EBITDA loss of ₹(9.9) million

Export Performance

  • S.P. Apparels: Sales quantity exported during Q2 FY27: 14.3 million pieces; H1 FY27: 29.8 million pieces
  • Young Brand Apparels: Sales quantity exported during Q2 FY27: 7.6 million pieces; H1 FY27: 12.5 million pieces

Financial Position Highlights (Standalone)

As at September 30, 2026 vs March 31, 2026:

  • Total Assets: ₹14,687.26 million vs ₹13,745.09 million
  • Total Equity: ₹9,913.41 million vs ₹9,394.44 million
  • Current Assets: ₹5,624.89 million vs ₹4,729.89 million
  • Inventories: ₹2,758.13 million vs ₹2,393.21 million
  • Trade Receivables: ₹1,570.47 million vs ₹1,130.49 million
  • Cash and cash equivalents: ₹579.07 million vs ₹528.70 million
  • Current liabilities: ₹3,762.07 million vs ₹3,328.70 million
  • Borrowings (current): ₹2,629.17 million vs ₹2,293.85 million

Cash Flow Highlights (Standalone)

Half year ended September 30, 2026:

  • Cash flow from operating activities: ₹189.68 million
  • Cash flow from investing activities: ₹(309.60) million
  • Cash flow from financing activities: ₹170.35 million
  • Net increase in cash: ₹50.43 million

Subsidiary Information

The consolidated results include subsidiaries: Crocodile Products Private Limited, S.P. Apparels (UK) (P) Limited, S.P. Retail Ventures Limited, Young Brand Apparel Private Limited, Young Brand Global Private Limited, S.P. Apparels International (Private) Limited, Ritz Clothing Yapahuwa (Private) Limited, and associate Urban Stitch Private Limited.

During the quarter, S.P. Apparels (International) Private Limited acquired Ritz Clothing Yapahuwa (Private) Limited by purchasing 2,100,004 equity shares at LKR 10 per share.