We hereby disclose the Investor Presentation for Q1 FY27

August 12, 2026 The Listing Department The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, 'Exchange Plaza', Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001. Mumbai – 400 051. Scrip Code: 540048 Symbol: SPAL Dear Sirs, Sub: Financial Presentation Please find enclosed herewith the copy of Financial Presentation for Q 1 FY 27 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.... Q1FY27 | Investor Presentation Revenue from EBITDA PAT Operations 37.5% QoQ 33.8% QoQ 9.9% QoQ Q1FY27 Q1FY27 Q1FY27 Consolidated Consolidated Consolidated Declared a dividend of Rs. 3 per share for the year and proposed a stock split of the Company's equity shares from a face value of Rs. 10 per share to Rs. 2 per share SPUK revenue more than doubled compared to Q1FY26 and stood at Rs. 333.0 Mn in Q1FY27 Retail Division EBITDA improved to Rs. 4.2 Mn in Q1FY27 from a loss of Rs. (20.7) Mn in Q1FY26, reflecting strong turn around of division TABLE OF CONTENT 1 Quarter Highlights: Q1FY27 2 Growth Strategies 3 Company Overview 4 Garment Division 5 S. P. Retail 6 S.P. Apparels (UK) 7 Promising Industry Opportunities 8 Financial Highlights 9 Annexure Quarter Highlights Q1FY27 Dressing the Future.... Option 1 Q1FY27: Performance Highlights Revenue from Operations (Rs. Mn) EBITDA (Rs. Mn) PAT (Rs. Mn) 5,000.0 650.0 15.9% 300.0 613.6 4,500.0 4,034.4 4,010.8 280.0 600.0 4,000.0 20.4% e 260.0 248.7 529.3 t 3,500.0 550.0 240.0 3,000.0 i 500.0 o Q1FY27 220.0 206.6 2,500.0 n 450.0 200.0 2,000.0 1,500.0 400.0 180.0 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Adj. Operational Revenue (Rs. Mn) Adj. EBITDA (Rs. Mn) PAT (Rs. Mn) o Q1FY27 d 500.0 350.0 n 3,400.0 490.0 t 3,200.0 480.0 6.7% 465.8 300.0 33.4% 265.4 2,877.0 470.0 3,000.0 460.0 250.0 2,800.0 2,659.4 450.0 198.9 436.6 2,600.0 440.0 200.0 430.0 2,400.0 420.0 150.0 2,200.0 410.0 2,000.0 400.0 100.0 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Segmental Highlights Garmenting Division1 SPUK Retail Adj. Operational Revenue (Rs. Mn) Operational Revenue (Rs. Mn) Operational Revenue (Rs. Mn) 3,900.0 3,729.4 26.7% 188.3 3,700.0 400.0 125.2% 333.0 190.0 3,500.0 3,373.3 350.0 11 88 05. .00 175.0 3,300.0 300.0 170.0 165.0 3,100.0 250.0 1 16 50 5. .0 0 148.6 150.0 2,900.0 200.0 147.8 11 44 05 .. 00 2,700.0 150.0 11 33 05. .00 125.0 2,500.0 100.0 120.0 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Adj. EBITDA (Rs. Mn) & Margin (%) EBITDA (Rs. Mn) EBITDA (Rs. Mn) 17.6% 14.6% 5.00 1.00 0.00 -1.00 9.1% 592.3 -3.00 -0.4 -5.00 -5.00 -10.00 -7.00 -15.00 -9.00 542.7 -11.00 -20.00 -13.00 -10.4 -25.00 -20.7 -15.00 -30.00 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Notes: 1. Includes SPAL Garment Division, Sri Lanka Operations and Young Brand Apparels 2. Total revenues include realized gain on account of foreign exchange fluctuations (accounted in other income) 3. In addition to (1), EBITDA calculation excludes unrealised MTM gain / loss on account of foreign exchange fluctuations (accounted in other expenses) 4. Going forward Young Brand Apparel will be considered as the part of Garment Export Division Garment Division – Operational Update Export Volumes & Realisation Capacity Utilization Export Volumes (Mn pcs) & Net Sales Realisation (per pcs) in INR 82.0% 25.0 150.1 160.00 142.3 141.5 68.0% 133.0 126.2 140.00 20.0 120.00 15.0 100.00 80.00 10.0 18.6 18.9 18.2 60.00 15.7 14.8 40.00 20.00 - 0.00 Q1FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Absolute Export Sales Realisation (per piece) Young Brand Apparel – Sales Volume (in Mn) YBAL Sales Volume (Mn Pcs) 7.0 6.2 6.0 6.0 6.0 5.2 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 P&L Statement Highlights (Consolidated) Particulars (In Rs Mn) Q1FY27 Q1FY26 YoY% Q4FY26 QoQ% Revenue from Operations 4,010.8 4,034.4 (0.6%) 3,649.1 9.9% COGS 1,700.6 1,724.5 1,653.7 Gross Profit 2,310.2 2,309.9 1,995.4 15.8% Gross Margin % 57.6% 57.3% 54.7% Employee Expenses 985.0 1,032.8 891.8 Other Expenses 711.5 747.7 657.2 EBITDA 613.6 529.4 15.9% 446.4 37.5% EBITDA Margin % 15.3% 13.1% 12.2% Depreciation 132.4 112.9 123.4 Finance Cost 148.6 117.8 86.0 Other Income 35.5 16.3 38.0 PBT 368.2 314.9 16.9% 275.0 33.9% Share Profit/(Loss) of the Associate Company -9.7 -7.1 -10.7 Tax Expense 109.8 101.2 78.4 PAT 248.7 206.6 20.4% 185.9 33.8% PAT Margin % 6.2% 5.1% 5.1% Earnings Per Share (EPS) In Rs. 9.9 8.2 7.4 Notes: 1. PAT Margin = Reported PAT / Total Revenues 1 2. Includes Consolidated Numbers of Young Brand Apparel Private Limited P&L Statement Highlights (Standalone - SPAL Avinashi) Particulars (In Rs Mn) Q1FY27 Q1FY26 YoY% Q4FY26 QoQ% Revenue from Operations 2,751.2 2,896.8 2,515.3 Gain on account of Foreign Currency Fluctuations -91.9 -19.8 -21.6 Adj. Operational Revenue 2,659.4 2,877.0 (7.6%) 2,493.7 6.6% COGS 964.5 1,014.1 888.9 Gross Profit 1,694.9 1,862.9 (9.0%) 1,604.8 5.6% Gross Margin % 63.7% 64.8% 64.4% Employee Expenses 725.4 803.5 689.7 Other Expenses excl. MTM gain / loss on account of Foreign Currency Fluctuations 503.7 622.8 485.7 Adj. EBITDA 465.8 436.6 6.7% 429.4 8.5% Adj. EBITDA Margin % 17.5% 15.2% 17.2% MTM Gain / (Loss) on account of Foreign Currency Fluctuations 2.0 8.9 2.0 Depreciation 106.0 95.3 107.2 Finance Cost 24.2 72.1 57.1 Other Income excl. Gain on account of Forex Fluctuations 12.6 12.9 10.0 PBT 350.2 291.0 20.3% 277.1 26.4% Tax Expense 84.8 92.1 63.5 PAT 265.4 198.9 33.4% 213.6 24.3% PAT Margin % 10.0% 6.9% 8.6% Earnings Per Share (EPS) In Rs. 10.5 7.9 8.5 Notes: 1. Total revenues include realised gain on account of foreign exchange fluctuations (accounted in other income) 2. In addition to (1), EBITDA calculation excludes unrealised MTM gain / loss on account of foreign exchange fluctuations (accounted in other expenses) 3. PAT Margin = Reported PAT / Total Revenues 1 P&L Statement Highlights - Young Brand Apparel Particulars (In Rs Mn) Q1FY27 Q1FY26 YoY% Q4FY26 QoQ% Revenue from Operations 727.2 848.6 653.9 Gain on account of Foreign Currency Fluctuations -13.2 3.8 14.9 Adj. Operational Revenue 714.0 852.4 (16.2%) 668.8 6.8% COGS 379.2 496.6 354.9 Gross Profit 334.8 355.7 (5.9%) 313.9 6.7% Gross Margin % 46.9% 41.7% 46.9% Employee Expenses 171.7 186.2 164.9 Other Expenses excl. MTM gain / loss on account of Foreign Currency Fluctuations 36.6 63.3 64.2 Adj. EBITDA 126.5 106.2 19.1% 84.7 49.3% Adj. EBITDA Margin % 17.7% 12.5% 12.7% MTM Gain / (Loss) on account of Foreign Currency Fluctuations -17.1 0.0 0.0 Depreciation 10.5 10.4 10.6 Finance Cost 9.9 22.2 9.6 Other Income excl. Gain on account of Forex Fluctuations 1.4 4.1 0.0 PBT 90.4 77.6 16.5% 64.5 40.1% Tax Expense 27.4 22.1 18.6 PAT 63.0 55.5 13.5% 45.9 37.2% PAT Margin % 8.8% 6.5% 6.9% Notes: 1. Total revenues include realised gain on account of foreign exchange fluctuations (accounted in other income) 2. In addition to (1), EBITDA calculation excludes unrealised MTM gain / loss on account of foreign exchange fluctuations (accounted in other expenses) 3. PAT Margin = Reported PAT / Total Revenues 1 Growth Strategies Growth in Existing Expanding Growth in Acquired Verticals Geographical Footprint Business 1. Growing Existing Verticals Traditional SPAL Garment Division SPUK SP Retail Ventures FTA UK Advantage 01 Enhance Capacity Utilization within the Current Seeking Strategic Investor: Actively looking for a Operational setup ▪ Competitive Pricing Opportunity strategic partner to support our growth initiatives ▪ Engage with UK retailers more effectively Utilization in Peak utilization capacity at 75% Sourcing Flexibility FY26 ~90%+ Capital Market Fundraising: Planning to raise ▪ SPUK can source products from both Sri Lanka and funds from the capital market shortly India, depending on landed cost differences Customer Addition to Drive Growth ▪ Customer Contribution: Top 5-6 customers are Diversifying Product Mix & Improving [Showing first 8,000 characters — download PDF for full document]