Sportking India reports strong Q2, H1 FY26 results with expanding margins, strategic growth

Sportking India Limited reported steady results for Q2 and H1 FY26, with revenue from operations at INR 627.4 crore for Q2 and INR 1,213.2 crore for H1. Export revenue grew by 11% year-over-year in Q2 FY26, contributing 53% to total revenue, and by 15% in H1 FY26, contributing 56%. Gross profit increased by 4.8% in Q2, reaching INR 151.3 crore, with gross profit margin expanding by 197 basis points to 24.1%. EBITDA for Q2 was INR 65.4 crore, up 4.5% year-over-year, with EBITDA margin improving by 82 basis points to 10.4%.

For H1 FY26, gross profit rose by 3.9% to INR 307.4 crore, with gross profit margin expanding by 233 basis points to 25.3%. EBITDA for H1 was INR 134.9 crore, a 0.7% increase, and the EBITDA margin improved by 70 basis points to 11.1%. Profit after tax for Q2 was INR 28.3 crore, while for H1, it grew 5.1% to INR 62.4 crore, with PAT margin expanding by 53 basis points to 5.1%.

The company also announced a Greenfield Expansion Project in Q1 FY26, adding 1.50 lakh spindles in Odisha, representing a 40% increase over the existing 3.79 lakh spindles. This INR 1000 crore investment aims to enhance spinning capacity, funded by term loans and internal accruals, and is expected to complete within 12-15 months. Sportking India is also undertaking mergers with Marvel Dyers and Processor Pvt Ltd and Sobhagia Sales Pvt Ltd to achieve forward integration and expand into processed/dyed knitted fabric and garments.