Sai Silks (Kalamandir) Limited has informed the Exchange about Transcript
KALAMANDIR · price
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Sai Silks Kalamandir reported strong Q2 FY26 results with revenue of INR 444 crores, up 28% YoY, EBITDA margin of 16.21% (up 26 bps), and PAT of INR 40 crores versus INR 23.75 crores last year. H1 FY26 revenue grew 34% to INR 823 crores, with EBITDA expanding 368 bps to 15.68% and PAT rising sharply to INR 70 crores from INR 26 crores. Same-store sales growth was 17.5% for the quarter and 21.5% for H1. The company added 33,000 sq ft via 6 new stores in H1, taking the network to 74 stores across 7.5 lakh sq ft in 22 cities. Management upgraded full-year growth guidance to 18-20% (from earlier 15%), targeting full-year revenue of ~INR 1,750 crores, with H2 expected at ~INR 925 crores. They indicated FY27 PAT margin guidance of 8.5-9% and 8-10% annual retail space addition, but declined to commit to a specific INR 200 crores FY27 PAT figure.
Strong Q2 print with broad-based growth across formats, healthy wedding and festive demand, and expanding margins should be positive for the stock. The upgraded 18-20% full-year growth guidance and improving EBITDA trajectory signal continued momentum, though near-term margin pressure from the newer lower-margin Valli format and high base in Q3 (last year had a 17.5% EBITDA quarter) warrant some caution.