Sangam India Q1 FY27: Margin Expansion Meets an Integration Bet

In Q1 FY27, revenue was INR 867 crore, EBITDA was INR 112 crore (12.9% margin), and PAT was INR 41 crore, as per the investor presentation.

The presentation shows Q1 FY27 revenue mix as PV yarn 20%, cotton yarn 25%, denim fabric 31%, woven fabric with processing 22%, and garment 2%.

The company disclosed an approximately INR 1500 crore capex plan, targeted to be completed by March 2029, with phased commissioning from FY28.

The presentation and annexure disclose proposed garmenting capacities of 10 lakh pieces per month for denim garments and 5 lakh pieces per month for PV garments.

The company disclosed 36 MW of renewable capacity in operation and 40.7 MW under implementation, with expected annual savings of INR 48 crore at full operation and commissioning timelines provided.

For Q1 FY27, the presentation shows 67% domestic and 33% exports, and states export presence in 50+ countries.

The company announced issuance of up to 18,00,000 warrants at INR 555.56 per warrant, aggregating about INR 100.00 crore, to promoter and promoter group entities, subject to approvals, with conversion period up to 18 months from allotment.