Sportking India reports 10.5% profit growth, plans $120m expansion

Sportking India Limited reported Q1 FY'26 revenue of INR 585.80 crores with profit after tax rising 10.5% year-on-year to INR 35.2 crores. Gross profit expanded 254 basis points to 26.8%. Exports represented 58% of total revenue at approximately INR 341 crores.

The company plans INR 1,000 crores CAPEX to add 150,000 spindles, increasing capacity by 40%. The new spinning unit in Odisha will diversify operations beyond Punjab and is expected to generate INR 1,000-1,200 crores revenue with EBITDA margin expansion of 200-300 basis points.