Siyaram Silk Mills Limited has informed the Exchange about Transcript
SIYSIL · price
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Siyaram Silk Mills reported Q1 FY26 total income of INR 400 crores, up 21% year-on-year from INR 331 crores, though the base quarter included INR 13 crores in government grants versus INR 1 crore this quarter. Revenue mix was Fabrics 76%, Garments 13%, and Others 11%, with volume growth of around 20% in Fabrics and 18% in Garments. EBITDA was flat at INR 33 crores (8% margin) while profit after tax fell sharply to INR 5 crores from INR 12 crores, hurt by aggressive promotional spending and weak demand from an early monsoon. On the new retail front, the company opened 7 stores in the quarter (4 ZECODE, 3 DEVO), taking the total to 26 stores across both brands and reaffirmed its target of about 35 stores in FY26, with the new business expected to contribute INR 75-80 crores in revenue. Management maintained its full-year revenue growth guidance of 10-12% and said the festive season should drive a demand recovery, while also confirming that the preferential issue is awaiting NCLT clearance, expected within this fiscal year.
Mixed near-term signals for shareholders: strong top-line growth is being offset by margin and profit compression, though the weakness is attributed to the seasonally weakest quarter and promotional investments in new retail brands. The aggressive store expansion in ZECODE and DEVO is the main growth lever, but profitability at the store level is still some quarters away, making execution and festive-season demand the key things to watch.