SPALNSE18 August 2025

S. P. Apparels Limited has informed the Exchange about Investor Presentation

S. P. Apparels Limited

August 18, 2025

The Listing Department The Listing Department BSE Limited Phiroze Jeejeebhoy Towers, 'Exchange Plaza', Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001. Mumbai – 400 051.

National Stock Exchange of India Limited

Scrip Code: 540048 Symbol: SPAL

Dear Sirs,

Sub: Financial Presentation

Please find enclosed herewith the copy of Financial Presentation for Q 1 & FY 26 results of the Company.

Kindly take the same on your records.

Thanking you,

For S.P.Apparels Limited,

K.Vinodhini Company Secretary and Compliance Officer

Encl: As above

S. P. APPARELS LIMITED

Dressing the Future....

Q1FY26 | Investor Presentation

TABLE OF CONTENT

Quarter Highlights: Q1FY26

Company Overview

Garment Division

S. P. Retail

S. P. Apparels (UK)

Growth Drivers

Financial Highlights

Quarter Highlights

Q1FY26

Dressing the Future....

Q1FY26: Performance Highlights

Consolidated

Total Revenue (Q1FY26)

EBITDA (Q1FY26)

PAT (Q1FY26)

Consolidated

YoY Growth %

Consolidated

YoY Growth %

Consolidated

YoY Growth %

₹ 4,050.7 Mn

63.3%

₹ 545.6 Mn

52.8%

₹ 206.6 Mn

14.5%

Standalone

Adj. Total Revenue (Q1FY26)

Adj. EBITDA (Q1FY26)

PAT (Q1FY26)

Standalone

YoY Growth %

Standalone

YoY Growth %

Standalone

₹ 2,877.0 Mn

34.5%

₹ 436.6 Mn

20.7%

₹ 198.9 Mn

Q1FY26: YoY growth Q1FY26 vs Q1FY25

Segmental Highlights

Garment Exports (Including Young Brand Apparel)

Adj. Operational Revenue (Rs. Mn)

35.8% YoY

3,729.4

2,745.7

SPUK

Retail

Operational Revenue (Rs. Mn)

26.3% YoY

147.8

Operational Revenue (Rs. Mn)

117.1

148.5

148.6

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Adj. EBITDA (Rs. Mn) & Margin (%)

EBITDA (Rs. Mn)

15.6%

14.6%

27.0% YoY

427.3

542.7

-6.1

-0.4

0.0

-5.0

-10.0

-15.0

-20.0

-25.0

-30.0

10.00 0.00 -10.00 -20.00 -30.00 -40.00 -50.00 -60.00 -70.00 -80.00

-34.9

-20.7

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Notes: 1. 2. 3.

Total revenues include realised gain on account of foreign exchange fluctuations (accounted in other income) In addition to (1), EBITDA calculation excludes unrealised MTM gain / loss on account of foreign exchange fluctuations (accounted in other expenses) Going forward Young Brand Apparel will be considered as the part of Garment Export Division

Garment Division – Operational Update

Capacity Utilization

Export Volumes & Realization

83.0%

82.0%

Q1FY25

Q1FY26

20.0

15.0

10.0

5.0

Export Volumes (mn pcs) & Net Sales Realisation in INR

147.2

15.3

130.3

15.8

132.6

13.8

18.6

128.9

18.6

133.0

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Absolute Export Sales Realization

160.00

140.00

120.00

100.00

80.00

60.00

40.00

20.00

0.00

P&L Statement Highlights (Consolidated)

Particulars (In Rs Mn)

Revenue from Operations

Other Income

Total Revenue

COGS

Gross Profit

Gross Margin %

Employee Expenses

Other Expenses

EBITDA

EBITDA Margin %

Depreciation

Finance Cost

PBT

Share Profit/(Loss) of the Associate Company

Tax Expense

PAT

PAT Margin %

Earnings Per Share (EPS) In Rs.

Notes: 1. 2.

PAT Margin = Reported PAT / Total Revenues 1 Includes Consolidated Numbers of Young Brand Apparel Private Limited

Q1 FY26

4,034.4

16.3

Q1 FY25

2,453.1

27.1

YoY%

64.5%

4,050.7

2,480.3

63.3%

1,724.5

2,326.1

57.4%

1,032.8

747.7

545.6

13.5%

112.9

117.8

314.9

-7.1

101.2

206.6

5.1%

8.2

849.3

1,631.0

65.8%

688.4

585.5

357.1

14.4%

98.0

53.1

206.0

0.0

25.6

180.5

7.3%

7.2

42.6%

52.8%

14.5%

P&L Statement Highlights (Standalone)

Particulars (In Rs Mn)

Revenue from Operations

Gain on account of Foreign Currency Fluctuations

Adj. Total Revenues

COGS

Gross Profit

Gross Margin %

Employee Expenses

Other Expenses excl. MTM gain / loss on account of Foreign Currency Fluctuations

Adj. EBITDA

Adj. EBITDA Margin %

MTM Gain / (Loss) on account of Foreign Currency Fluctuations

Depreciation

Finance Cost

Other Income excl. Gain on account of Forex Fluctuations

PBT

Tax Expense

PAT

PAT Margin %

Earnings Per Share (EPS) In Rs.

YoY%

35.3%

34.5%

23.2%

20.7%

7.2%

Q1 FY26

Q1 FY25

2,896.8

-19.8

2,877.0

1,014.1

1,862.9

64.8%

803.5

622.8

436.6

15.2%

8.9

95.3

72.1

12.9

291.0

92.1

198.9

6.9%

7.9

2,140.5

-1.9

2,138.6

626.6

1,512.0

70.7%

631.5

518.9

361.7

16.9%

6.0

89.9

31.1

24.9

271.5

44.0

227.6

10.6%

9.1

Notes: 1. 2. 3.

P&L Statement Highlights - Young Brand Apparel

Particulars (In Rs Mn)

Revenue from Operations

Gain on account of Foreign Currency Fluctuations

Adj. Total Revenues

COGS

Gross Profit

Gross Margin %

Employee Expenses

Other Expenses excl. MTM gain / loss on account of Foreign Currency Fluctuations

Adj. EBITDA

Adj. EBITDA Margin %

MTM Gain / (Loss) on account of Foreign Currency Fluctuations

Depreciation

Finance Cost

Other Income excl. Gain on account of Forex Fluctuations

PBT

Tax Expense

PAT

PAT Margin %

Q1FY26

Q1FY25

848.6

3.8

852.4

496.6

355.7

41.7%

186.2

63.3

106.2

12.5%

0.0

10.4

22.2

4.1

77.6

22.1

55.5

6.5%

595.8

11.3

607.1

293.7

313.4

51.6%

171.8

76.0

65.7

10.8%

0.0

10.4

18.6

2.6

39.3

10.5

28.7

4.7%

YoY%

42.4%

40.4%

13.5%

61.7%

97.7%

93.2%

Notes: 1. 2. 3.

Company Overview

S. P. Apparels Limited (SPAL) founded in 1989, is India's biggest manufacturer and exporter of knitted clothes for infants and children. These are produced in integrated facilities that enable end- to-end garment manufacturing services. SPAL offers complete garment production services, from fibre to fashion.

Dressing the Future....

About us – S. P. Apparels (SPAL)

SPAL is one of the leading manufacturers and exporters of knitted garments for infants and children in India

Strong promoter pedigree with more than 40 years of experience in the textile and apparel industry

Provides end-to-end garment manufacturing from Yarn to finished products including body suits, sleepsuits, tops, and bottoms

Strong Leadership

Brand of Choice

Integrated Facilities

Technological Capabilities

SPAL is a specialized player in the

Preferred vendor through long-

Demonstrated ability to set up

Advanced manufacturing

highly challenging infant & children

standing relationships with reputed

integrated facilities to scale up

machinery with the latest

wear knitted garment industry

international brands

operations. Currently operating 18

technology and automation

along with adult category

Stringent quality compliance, superior

facilities having close proximity to

in-house product development, and

key raw materials & skilled labour

certified testing laboratories

Journey So Far

1989-2003

1989

Started export operations as a partnership firm

1998

Set-up manufacturing facility at Neelambur

2006-2008

2006

Investment by NYLIM

2016

Listed on BSE / NSE

Investment in JV for manufacturing & marketing of the “Crocodile” Brand

Repayment of Loans to reduce leverage

2003

2007-08

Set-up first in-house embroider facility at Thekkalur

Amalgamation with Sri Balaji Bakkiam Spinning Mills

2004-2005

2004

Set-up of flagship factory at Avinashi

2005

Commissioned dying plant at Perundurai

2008-2015

2008-13

Streamlining of operations to integrate factories, enhance efficiencies, and backward integration

2014

Incorporation of SP Apparels UK to cater to increasing integration, get a closer-to-client presence

2017-2023

2017-23

Integration/expansion of manufacturing facilities to increase operational efficiency

Expansion of Crocodile brand in various states and cities in India

Incorporated Subsidiary in Sri Lanka

2024

Acquired Young Brand Apparel Pvt. Ltd

Entry into intimate wear exports

2025

Expanded Geography in Sri Lanka through Subsidiary

Commenced production in Sivakasi

Relocated SPUK HO to London; Restructured the team by onboarding new designers

Effective Management Structure

Board of Directors

Mr A.S. Anandkumar Independent Director

Mrs H. Lakshmi Priya Independent Director

Mr C. R. Rajagopal Independent Director

Mr B. Ravishankar Independent Director

Garment Export Division (Infants & Kids)

Mrs P.V. Jeeva, Chief Executive Officer

• 35 years of experience in the textile and apparel industry

• Handles garments division and has been associated with

SPAL since July 1986

Mr P. Sundararajan Chairman and Managing Director

• Founder director of SPAL with 40 years of experience in the

textile and apparel industry

• Bachelor of Science from the Bangalore University

Mrs S. Shantha Joint Managing Director

• B.Tech (Textiles) & MBA from PSG Institute of Management

• immense knowledge in marketing and textiles makes her

contribution valuable to achieve the visions of the Company

Mr V. Balaji Chief Finance Officer

• 21 years of experience in the field of finance and accounts

• Qualified Chartered Accountant

• Plays a key role in managing banking relationships

Retail Division

Mr S. Chenduran Joint Managing Director

• Six years of experience in the textile and apparel industry

• MS in Business & Management from University of Strathclyde

Mrs S. Latha Executive Director

• Founder director of SPAL with 29 years of experience in the

textile and apparel industry

Integrated Facilities – Right from Yarn to Garment

SPINNING

KNITTING

DYEING

CUTTING

PRINTING

AUTOMATED EMBROIDERY

SEWING

AUTOMATED SEWING ASSEMBLY LINE

SEMI-AUTOMATED INVENTORY MANAGEMENT

Garment Division Established Global Player

Garment Division at Glance

Well Established Garment Export Business (Kids & Infants)

Leading exporter

Leading Kids and Infants Exporter Globally

80%+ Absolute Growth | 16%+ CAGR Growth

+80% Growth in Garment Exports Revenue from and 16%+ CAGR Growth (FY21 to FY25)

15-20% Margins Consistently Delivered EBITDA Margins between 17%-20%

Global

Catering to leading global multinationals

SPUK Presence in UK through SPUK for Design support services

YBAL* Prominent brand in exports of intimate wear

* Young Brand Apparel Private Limited

Infants and Kids Segment a Critical Sector to Cater

Key Entry Barriers

Skilled labour • Labour intensive operations

• Employee training & skill development

• Employee occupational health & welfare

Products • Cater to infants and children

• Manufacture high-fashion garments

Health & safety regulations • Stringent safety and quality requirements in developed markets

• Severe restrictions on the use of hazardous chemicals, dyes,

accessories, etc to prevent harming infants and children

Manufacturing capacbilities • Demands large variety and small batch size orders

• Highly complex manufacturing

Ethics • Ethical factories with best-in-class standards

• Employee welfare initiatives that align with industry-leading standards

Preferred Vendor To Reputed International Brands

Strong Pedigree

Brand Signatures

Integrated Manufacturing

Location Advantage

Leading children wear

We are the preferred vendor of

100% Backward integrated right

Located near Tirupur – the hub for

manufacturer under the

choice with a strong relationship

from product development to

knitted children’s garments,

leadership of Mr. Sundararajan,

with customers of over 2 decades.

garmenting helps us to give the

convenient access to skilled

CMD with more than 40 years of

We are approved suppliers to almost

best superior quality products to

labour, raw material, and proximity

experience in apparel industry

all major children wear brands

customers

to the international port

WHY SPAL?

SPAL is the preferred vendor for knitted garments for infants and children to reputed international brands and retailers

• Expertise in concurrently managing multiple large orders with a diversified product range including body suits, sleepsuits, tops, and bottoms

• Ethically, Environmentally, and Socially compliant organization

• No bulk returns from customers since the inception

• Ability to offer end-to-end garments manufacturing services from the design to the manufacture of the garments

• Product Safety is the key focus of the company

• Exclusive Design support from dedicated in-house design team

Complete Integration enables Quality Consistency and Timely Delivery

Product Development

Design Creation

Quality checks at every stage

Order

Spinning

Knitting

Dyeing

Garmenting

Export

Purchase of dyed yarn

Sewing

Packing of orders as per instructions

Development of Samples

Customer approval process

Converts cotton to greige yarn

Yarn converted to unprocessed fabric

Fabric dyed and finished as per order

Printing and Embroidery

Final AQL quality inspection

Customer places the order

Procures cotton and other raw materials

Unfinished fabric packed and batch fabric readied

Purchase of dyed fabric

Cutting

Export of garments to customers

Legend

Process Stage

In house

Partly Outsourced

Developed Capabilities Over the Years

Demonstrated manufacturing excellence for over 3 decades

Clear understanding of buyer preferences and specifications of knitted garments and embellished garments in infants and children category

Ability to consistently deliver high quality products on timely basis

Meeting stringent compliance requirements of international customers

Long-standing relationships with reputed global brands

Company is working towards sustainable growth by continuously working on improving its ESG matrix

Dedicated design team in UK

Proficient In-House Design Team

SPAL’s core competency

Dedicated in-house

Use of latest technology

Design development,

lies in understanding the

design and

for developing products

sampling, and fitment

latest fashion and trends

merchandising team of

and styles which are

form an integral part of

to suit the customer’s

designers located at SPUK

based on prevalent

our operations and are

buying preferences

and at our Corporate

fashion trends

considered an effective

Office in India

tool for converting

customers’ needs into a

finished product

Quality is a key essence of our success

Stringent quality control checks at every stage, from fabric to garment, ensure top-notch product quality, free from any metal bits, needle tips, or sharp edges

Rigorous inspections eliminate defects, ensuring exceptional quality, with an internal rejection rate below international standards, reflecting our commitment to quality control

SPAL places a strong emphasis on upholding highest standards of quality, assurance, and compliance throughout the apparel manufacturing processes

SPAL Lab's NABL accreditation is a testament to their unwavering commitment to upholding the highest standards of quality and reliability

SPAL has been awarded by the customer for quality for self- certification for safety, clearance, shade, and fit approvals, demonstrating our commitment to delivering high-quality and compliant products

TESCO ‘F&F Gold Rated Supplier Award’ 2013

Marks and Spencer

award 2011

Improving Operating leverage to thrust growth

Capacity Utilization Trend

EBITDA Margin (%)

72.0%

76.0%

85.0%

22%

20%

60.0%

58.0%

18%

17%

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

Consistently increasing utilisation levels from 60% in FY21 to currently 85%, there is headroom for further expansion

EBITDA Margin (%) to remain sustainable at 17% to 20%*

Notes: 1.

Projected EBITDA margin range is provided as guidance.

Young Brand Apparels – Entry into Intimate Wear Exports

Intimate Wear

The company offers innerwear and outerwear for men, women and kids. It specializes in intimate wear

Marquee Customers

Core export customers are Marks & Spencer, PINK (Victoria’s Secret), Jockey, American Eagle

Plant

Owns a 2,80,000 sq. ft state of the art manufacturing facility on a 26-acre site in Chennai’s outskirts

Partners

Nurtured by direct 2,300 and 5,000 of indirect partners

Geographical Footprints

Young Brand Apparels - Revenue INR Crore

Marquee Customers

303

329

311

324

169

FY21

FY22

FY23

FY24

FY25

S.P. Retail Building a Brand for Future

Evolution of Retail Division

2006

2008 - 2012

2013 - 2019

2020 - 2022

Acquisition of CPPL & exclusive Crocodile license

Revolutionizing Retail: Crocodile's Flagship Stores Unveiled

Store Expansion and Phase of Consolidation

Acquired licensee of Angel & Rocket

• SPAL acquires major stake

2008

in CPPL*

• SPAL is the manufacturer & retailer of Crocodile menswear in India and also holds an exclusive license to manufacture and market sportswear and footwear under the Crocodile brand in the Indian market

• Ground-breaking sensor technology launched 1st Crocodile Exclusive Brand Outlet opened in Jayanagar, Bangalore.

•

2010

• Flagship Crocodile

Exclusive Brand Outlet in Anna Nagar, Chennai, India

2012

• Crocodile apparel brand

launched in Globus stores.

• The period marked a phase of consolidation, utilizing IPO proceeds to bolster store and overall presence, enhance our brand, and drive growth.

• Launched Athleisure and

Undergarment distribution across India in 2015

2022

• Acquired licensee of Angel & Rocket a premium kids wear brand based in the UK 1st Flagship Angel & Rocket Exclusive Brand store opened in Indiranagar, Bengaluru, India

•

*CPPL (Crocodile Products Private Limited) – Joint venture company between Crocodile International and S. P. Apparels Limited

Retail Division - A High Value Brand Play

SPAL Retail

Fuelled by a robust distribution network, an in-house design team, and a sustainable growth strategy, Retail is One of the fast-growing division of SPAL

Crocodile

Crocodile is an Established and a profitable brand with Pan India Presence and Good Brand Recall

Diversified portfolio

Diversified product portfolio entering into own kids and infants wear and high-end women wear brand

Angel & Rocket

Building a kids wear brand Angel & Rocket

Building a Retail Business for the Future

98% Growth

Growth in Retail Revenue from FY21 to FY25

19% CAGR

CAGR Growth (FY21-FY25)

S. P. Retail Revenue Growth INR Crore

Marching toward Creating a Sustainable Brand

Marquee Customers

~107k

165 | 39 | 15

Loyal Customers

Large Format Outlets | Company Owned Stories | Franchisee Stores

87,373 sq.ft

FY21

FY22

FY23

FY24

FY25

Distributor/SIS/DM

Retail Space

S. P. Retail – The Brand Portfolio

Leading Apparel brand with a presence across India

Crocodile is one of the largest fashion brands in India and has become a stylish synonym for timeless fashion, great quality & functionality in menswear

Standalone stores

Network of Large sales & distribution channels, physical Stores and several e- commerce platforms

Strategic acquisition of a premium kids wear brand, to establish our very own kids and infants' brand in India

This move strategically leverages the thriving demand in the Indian market.

In large format stores

Backed by a dedicated in-house design team in the UK, we are fully equipped to offer trendy and exclusive designs for children aged 0 to 14 years old.

Standalone stores

Additionally, we prioritize ethical manufacturing practices across factories worldwide.

Retail division undertakes manufacturing, distributing and marketing activities in relation to the ‘Crocodile’ brand in India

Natalia

Acquired the niche brand “Natalia" from Chennai garment exporter SM apparels with an aim to cater to a unique segment of the market, offering western wear with an ethnic flair targeting upwardly Indian women in the age group 20-35 years.

S.P. Apparels (UK) (P) Ltd Tapping the Global Market

S.P. Apparels (UK) (P) Limited (SPUK)

Caters to Large European Brands

Strong consumer ties to well-

known businesses like Joules

and Dunnes Stores

SPUK – Need of an hour to cater to European Clients

Incorporated in 2014 to

explore possible marketing

opportunities and engage in

trading activities with new

and existing customers with

small quantities

Faced various Challenges that impacted the growth

Since its beginning, the

company has encountered

numerous macroeconomic

difficulties like Brexit and

Covid-19, which have

affected performance

Outlook

SPUK is expected to recover

gradually with Europe

getting back on track and

the revival of orders from

major brands

Growth Drivers

Sivakasi Expansion

Expansion in Sri Lanka

Enhanced Product Mix

Strategic Acquisition

•

Initial phase involves

• Planned to set up machines

• Plans to expand into men,

• Young Brand acquisition

installing 400 machines

in Sri Lanka for SPUK

women, intimate wear and

strengthens SP Apparels

• Commenced operations in

• Shipments from Sri Lanka

other categories

presence in US market

Q3FY25

to commence soon

• Leading in fashion

• The ~24-acre land holds

• Sri Lanka is expected to

products tailored for

potential for expanding the

bring additional business as

children and infants

capacity in near future

it is a duty-free country to

• Anticipate increase in the

• Cross sell synergies between

Europe and UK

business within the next year

young brand customers and

SPAL customers

Macro Tailwinds – To boost Indian Garment Exports

China Plus-One and Reduction of dependency from Bangladesh by International customers will Benefit the Indian Garment Industry

Benefit for SPAL

According to CII

Source: Business Standard

India’s textile exports are expected to grow by 81% to $65 billion by 2026 from the pre- Covid level of ~$36 billion in 2019 amid China plus-one

Likely to generate 7.5-10 million new jobs

Capacity Utilization to grow by 10%-20% in near future

Employee training programmes to acquire and retain skilled labour force

Large chunk of the targeted increase, or ~$16 billion may come from the China Plus One sentiment due to India’s relatively large strategic depth compared with Vietnam or Bangladesh

Trusted brand of customers Globally

FTA and RoDTEP – Bringing Indian Exporters at a level playing field

FTA’s, RoSCTL and RoDTEP to Push the Indian Garment Exports

Benefit for SPAL

FTA’s

•

India and UAE have recently signed a Free Trade Agreement (FTA)

India is also in the process of negotiating FTAs with the EU, Australia, UK, Canada, Israel and others

Likely to boost exports of Indian textile and apparels in future by providing a competitive edge over other exporting countries

FTA’s will provide added competitive advantage for exports

RoDTEP / RoSCTL

• GOI has also approved the continuation of the Scheme for Rebate of State and Central Taxes and Levies on the Export of Garments and Made-ups (RoSCTL scheme) up to March 2026 to boost the export competitiveness of Indian apparel and made-ups.

Will enhance the demand and profitability of SPAL

Country-wise Export Share (2021-22)

27%

18%

37%

12%

USA European Union Bangladesh UAE Others

Provide opportunities to explore different countries

Source: Garment Industry: Best Apparel Manufacturers In India | IBEF

Garment Industry - Opportunities Ahead

Garment Market to pick up post hit from macro-headwinds

Benefit for SPAL

Global Apparel Market, Forecast Market Size, 2022-2027, $ Billion

653

694

610

737

782

831

Men's Wear: 6.57%

Global Garment Market Growth Forecast (CAGR, 2022-2027)

2022

2023

2024

2025

2026

2027

Kid’s Wear: 5.67%

Women' s Wear: 6.44%

S. P. Apparels – One of the leading Global Exporters of Infant and Kids Garments

Global Apparel Market, Split By Segment, 2022

15.4%

32.7%

51.9%

Global Apparel Market, Split By Region, 2022

Catering to Reputed Brands in Europe for more than 30 Years

3.7% 3.2% 2.1%

5.4%

33.6%

19.5%

32.5%

Coming up the Value Chain by Building Strong Brands in Garment Segment

Womens Wear

Mens Wear

Kids Wear

Middle East

South America

Africa

Western Europe

Asia Pacific

North America

Eastern Europe

The Business Research

ESG

Mission Statement:

"To achieve carbon neutrality by the year 2033"

Vision Statement:

“To be a sustainable practise leader by promoting the use of

renewable energy and prioritising the usage of recycled materials

in order to protect our world for future generations”

At SPAL we are committed to building a sustainable future for all by incorporating

sustainability into every aspect of our business. From our core strategies to our everyday

decision-making, sustainability is an integral part of everything we do. We are dedicated to

fostering innovation, optimizing our processes and platforms, and leveraging our talented

workforce to achieve sustainable growth.

Sustainability at SPAL

Our approach to sustainability is guided to create long-term value in a balanced and responsible manner while making choices that positively impact environment, people, and communities.

OUR PILLARS

Sustainable business

Responsible production

Creating social impact

Emphasis on procuring power from renewable energy solutions

Commitment to conducting business activities in an environmentally responsible manner

Adoption of eco-friendly and best practices in manufacturing & focus on high quality products

Commitment to transparency in ESG disclosures, adherence to a business code of conduct and efficient business operations

Committed to social responsibility, including community development, education, women's empowerment, occupational health and safety.

Collaboration with stakeholders to create a greener future and a low carbon economy

From Awareness to Action: Making a Difference for the Environment

Our company is committed to conducting business activities in an environmentally responsible manner. We focus on reducing our environmental footprint across the value chain and returning back to nature what we consume.

Environmental Sustainability Through Effective Risk Assessment

Our ERM framework includes bi-annual risk assessments to identify and mitigate environmental risks, prioritizing sustainability and managing our environmental impact towards a greener future.

100% Biological oxidation

process.

Commitment to Sustainability through Renewable Energy

We prioritize sustainability in our operations by supporting stakeholders in areas such as renewable energy and sustainable production. We procure power from renewable energy solution companies and source our energy consumption from renewable sources, including windmills.

Tree plantation

We have implemented a tree plantation initiative to preserve the environment for a sustainable future. We have distributed over 30,000 saplings to people living near our factories and adopted a One-for-One model, planting trees in all our factories and giving saplings to all our employees.

80%

Share of renewable energy through wind power generation.

1 MW

Invested into the solar energy, committed to increase to 5MW

99.1 % Waste recovered and

reused as Process water

Eco-Friendly Production Process

We follow a chemical-free 2200 KLD biological oxidation process and have adopted best techniques like installing a water preheater, dust collector, and water treatment plant to minimize its environmental impact. We are committed to implement environmentally responsible practices and continuously improve processes to reduce the environmental footprint..

Zero

We operate our effluent treatment plant as Zero Liquid Discharge plant

Building Stronger Communities through Social Responsibility

Building a Stronger Community: Our Efforts for Betterment

Workplace Safety and Sanitation Measures

Women Empowerment

Comprehensive support for needy, access to education and skill development opportunities, supply of food materials, medical facilities and medicines, and other survival needs.

Regular emergency evacuation drills, comprehensive training for Occupational safety, Fire safety, Electrical safety, Environmental Protection, Observance of Road safety week, National safety week, Environmental day and Fire safety day

Free Medical facilities

Gender Equality

Provision of free consultation, medical supplies, BP apparatus to Primary Healthcare Centre, facilitation of Medicine room and Physiotherapy room to Government hospital with other renovations

We follow the principle of 'Equal Pay for Equal Work’ to empower women financially and promote gender equality and conduct Awareness programmes.

~70%

Total number of permanent women employees as on 31st March 2023

22 %

Women hold 22% of our top management and 37% of our middle management

Financial Highlights

Consolidated Financial Highlights (1/2)

Consolidated Figures (in Rs. Mn)

Total Income

EBITDA & Margin(%)

Profit After Tax & Margin (%)

11,008.9

11,036.7

14,073.3

16.2%

18.6%

15.0%

15.8%

14.2%

9.7%

6.6%

7.5%

8.1%

6.8%

8,689.2

6,536.9

FY21

FY22

FY23

FY24

FY25

1,612.3

1,655.4

1,740.9

2,000.0

1,057.2

431.72

846.93

825.1

896.3

951.0

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

Leverage Analysis*

Return Metrics

0.20 5,583.9

6,377.7

0.22

6,736.1

7,636.4

8,563.4

0.24

1,135.7

1,414.8

0.06

402.5

0.07

527.4

2,049.6

FY21

FY22

FY23

FY24

FY25

20.2%

17.7%

18.3%

17.6%

17.9%

16.8%

16.2%

16.9%

14.1%

11.2%

FY21

FY22

FY23

FY24

FY25

Equity

Net Debt

Net Debt/Equity

ROE %

Cash Adjusted ROCE%

Notes: 1. 2. 3.

Net Debt = Total Debt – Cash & Current Investments ROE = PAT before MI / Avg. Equity (Excl. preference shares) + MI (based on cash adjusted PAT) Cash Adj. ROCE = EBIT / Avg. Capital Employed (excl. cash & current investments), * Calculated on Standalone basis

Financial Highlights (2/2)

Figures (in Rs. Mn)

Garment Division (Including Young Brand Apparel)

14000

12000

10000

8000

6000

4000

2000

20.2%

5,368.7

1,083.3

FY21

20.9%

7,429.3

18.7%

9,600.4

17.6%

9,383.7

1,553.2

1,791.0

1,655.5

FY22

FY23

FY24

Garment Revenue

Garment EBITDA

Margin

13,081.8

16.2%

2,121.8

FY25

Retail Division

SPUK

805.6

829.1

794.1

395.0

480.2

768.1

762.4

750.4

580.0

571.6

-51.9

FY21

-51.5

FY22

-75.3

FY23

FY24

FY25

FY21

FY22

FY23

-14.2

FY24

-34.0

FY25

Retail Revenue

Retail EBITDA

SPUK Revenue

SPUK EBITDA

-81.9

-68.4

40.6

26.5

7.2

*Notes: 1. *FY25 Garment division numbers include Young Brand Apparel Numbers

Shareholding Structure

SHAREHOLDING PATTERN – 30th June 2025

KEY SHAREHOLDERS – 30th June 2025

DSP Mutual Fund

Quant Mutual Fund

Franklin Templeton Mutual Fund

UTI Asset Management

Mahindra Manulife Mutual Fund

Reliance General Insurance Company Limited

Promoter (61.9%)

Body Corporate (1.3%)

Mutual Funds (18.7%)

Others (15.3%)

Alternate Invst Funds (0.7%)

Insurance Companies (0.6%)

FPI (1.8%)

LIC Mutual Fund

9.0

3.4

2.4

2.0

1.4

0.6

0.5

Source: BSE

Disclaimer

This presentation has been prepared by S. P. Apparels Limited solely to provide information about the Company. No representation or warranty,

express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information

or opinions contained herein. None of the Company nor any of its respective affiliates, advisers or representatives, shall have any liability

whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in

connection with this presentation. The information contained in this presentation is only current as of its date. The Company may alter, modify

or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes.

Certain statements made in this presentation may not be based on historical information or facts and may be "forward-looking statements",

including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects, and future

developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forward-looking

statements due to number of factors, including future changes or developments in the Company’s business, its competitive environment,

information technology and political, economic, legal and social conditions in India. Please note that this presentation is based on the publicly

available information including but not limited to Company’s website and Annual Reports. This communication is for general information

purposes only, without regard to specific objectives, financial situations and needs of any particular person. Please note that investments in

securities are subject to risks including loss of principal amount. This presentation does not constitute an offer or invitation to purchase or

subscribe for any shares in the company and neither any part of it shall form the basis of or be relied upon in connection with any contract or

commitment whatsoever.

LET’S CONNECT!

Mr. V. Balaji, Chief Financial Officer Balaji.V@spapparels.com

Mr. Vikash Verma Vikash.verma1@in.ey.com

Mr. Abhishek Bhatt Abhishek.bhatt3@in.ey.com

Shrishti Tandon Shrishti.tandon@in.ey.com

Visit us at: www.s-p-apparels.com

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