SPORTKING Q1 FY27 Guidance vs Delivery (SPORTKING Management Mirror)

Jun'26 Qtr EBITDA Margin Reported at 18.8%; FY27 Revenue Target Initiated at Approximately INR 3,000 Crores

In the Dec'25 Qtr concall, management expected gross margins to rise 10% QoQ in that quarter and another 10% to 15% QoQ in the subsequent quarter. In the Mar'26 Qtr concall, management anticipated QoQ margin expansion of at least 15% to 20%, indicating they would be disappointed if margins did not exceed 15% in the first half of the year, alongside a 7% to 10% topline increase over the next three quarters. For the Jun'26 Qtr, the Quarterly Financial Results showed a reported actual revenue of INR 70,368 Lakh and a reported actual EBITDA margin of 18.8%. In the Jun'26 Qtr concall, management stated that near-term margins for the next two quarters are expected to stay in and around current percentages, while initiating long-term sustainable margin guidance of around 15%. Additionally, management initiated FY27 top-line revenue guidance at around INR 3,000 crores (up approximately 20% YoY), projecting revenue to exceed INR 4,000 crores in FY28 as the new plant comes online.