Transcript of the Earnings Call held on 21st May, 2026
SIYSIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Siyaram Silk Mills reported strong Q4 FY'26 results with total income of INR 871 crores (up 16.1% YoY) and full-year revenue crossing INR 2,500 crores at INR 2,653 crores (up 15.5%). PAT for the year stood at INR 228 crores with a margin of 8.6%, up 14.8% YoY. The Board approved a total dividend of INR 16 per share (INR 4 special interim + INR 5 final). Retail expansion continues with 44 stores currently (27 ZECODE + 17 DEVO) and a target of 70 stores by end of FY27, with 26 new stores planned. Retail contributed INR 80 crores in FY26 and is expected to cause a ~150 bps EBITDA margin drag. Management guided for ~12% revenue growth and ~14% EBITDA margin for FY27. A one-off residential project at Dombivali (77,000 sq ft, INR 60 crores outlay, ~INR 80 crores revenue potential) is slated to start in June 2026 with a 24-month timeline.
The company delivered robust full-year growth crossing INR 2,500 crores revenue milestone. However, the retail business remains a drag on margins (~150 bps) and management maintained conservative store expansion guidance (26 new stores to reach 70 total), indicating a focus on operational stability over aggressive scaling. The one-off residential project is a non-core monetization of existing land.