<h1>Sportking's Bold Vision: Doubling Down Growth</h1>

Ashwin Thakker

16 Aug 2025 — 2 min read

Sales Outlook: Expected additional revenue of INR 1,000-1,200 crores from new Odisha plant (150,000 spindles) starting FY '27-'28. Integrated apparel/dyeing business revenue to double from INR 150-180 crores in 2-3 years.
Margin Outlook: Overall EBITDA margins expected to expand by 200-300 basis points due to Odisha plant incentives and geographic advantages. Margins in new integrated apparel business expected to be higher. Double-digit EBITDA margins expected to sustain for next few quarters.

Sportking India Limited, a key textile player, recently reported a solid Q1 FY26 with a 6% profit after tax margin and 12% operational EBITDA margin. Looking ahead, the company unveils ambitious plans to significantly boost its top line and enhance profitability, projecting substantial growth through strategic capacity expansion and integration initiatives.

Strategic Capacity Expansion in Odisha

Sportking India Limited is embarking on a significant Greenfield Capacity Addition Program in Odisha, investing approximately INR 1,000 crores for 150,000 new spindles. This expansion, a 40% increase over existing capacity, targets commercial production within 12 to 15 months. The company projects this new facility will generate an additional INR 1,000 crores to INR 1,200 crores in revenue, with full impact by FY '27-'28. Strategically located in Odisha, the plant benefits from geographical advantages and incentives, aiming to expand overall EBITDA by 200-300 basis points due to new technology, and a 4% to 5% jump in EBITDA levels from the new operations.

"We are expecting a revenue of around INR 1,000 crores to INR 1,200 crores from this new expansion." - Munish Avasthi, CMD

Enhancing Value Chain and Market Diversification

Beyond spinning, Sportking is integrating its apparel manufacturing and dye house facilities within 6 to 8 months. This vertical integration targets an additional INR 200 crores to the top line in the first year, aiming to double current unit revenue of INR 150-180 crores within two to three years. This segment is expected to yield better margins through improved utilization and efficiency, focusing on expanding exports. Despite global headwinds like US tariffs, Sportking expresses confidence, citing limited direct US exposure and cotton price protection. Management anticipates market clarity on tariffs soon and commits to sustaining double-digit profitability.

Sportking India Limited is strategically advancing its growth trajectory through significant capacity expansion and value chain integration. These initiatives aim to boost revenue and enhance profitability. While navigating market uncertainties, the company's focus on diversification and operational efficiency positions it to solidify its market standing, with full benefits anticipated in the coming fiscal years.

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