Transcript for Earnings call dated 13th May 2026

Sai Silks (Kalamandir) reported strong FY26 results with revenue of INR1,654 crores (+13.1% Y-o-Y) and PAT of INR141 crores (+65% Y-o-Y), despite a mixed consumption environment. Q4 revenue was INR419 crores with PAT of INR32.65 crores (+140% Y-o-Y). Gross margins held steady at ~42% throughout the year. EBITDA margin improved 128 basis points to 15.76%. The company expanded its store network to 81 stores across 5 South Indian states with total retail area of 785,000 sq ft. For FY27, management guided for at least 20% more retail space addition (targeting ~100,000 sq ft), entering a new state, and improving EBITDA margins to 17.5-18% range. Varamahalakshmi format now accounts for 52% of sales and delivers the highest margins. The company remains debt-free with sufficient internal resources for expansion.