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Earnings Call

Sai Silks (Kalamandir) Earnings Call: Key Takeaways

Sai Silks delivered strong double-digit growth in FY26, driven by aggressive store expansion despite mixed consumption across certain mature markets.

Guidance and delivery
Management target Revenue 15.0% FY27
Highlights
Revenue growth13.1% YoY revenue growth for full year FY26.
MarginsEBITDA margins improved 128 bps to 15.76% in FY26.
Demand visibilityStrong wedding calendar for FY27 expected to drive resilient ethnic demand.
Management confidenceConfident but realistic regarding regional market softening and KLM turnaround.

Growth

Revenue grew 13.1% YoY to ₹1,654 Cr; PAT jumped 65% to ₹141 Cr, though partly aided by one-time tax base effects.

Outlook

Targeting 100,000 sq. ft. new retail space in FY27 and 17.5-18% EBITDA margin guidance.

Risks

KLM segment decline (3%) and softening footfalls in certain mature catchments; high dependence on wedding calendar timing.

Last quarter's promises, checked

Delivered

  • Guided double-digit revenue growth → delivered 13.1% (= BEAT)
  • Guided significant profitability improvement → delivered 65% PAT growth (= BEAT)
  • Guided sustained margin expansion → delivered 128 bps EBITDA improvement (= BEAT)

Partly delivered

  • Guided 75,000-78,000 sq ft addition → delivered 69,000 net sq ft (= PARTIAL)
Source

Earnings Call filed with NSE, NSE: KALAMANDIR. Summary written with AI assistance from the document.

Read the document ↗

Sai Silks (Kalamandir) Ltd: key numbers

Share price
₹77.19
Market cap
₹1,184 Cr
Revenue (annual)
₹1,654 Cr
Net profit (annual)
₹140.9 Cr
P/E (TTM)
8.7×Sector 55.7×
Promoter holding
60.97%+0.00% QoQ
FII holding
0.62%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Management Change

Sai Silks (Kalamandir) Management Change

Sai Silks (Kalamandir) Ltd announced the resignation of its Company Secretary and Compliance Officer, Mr. Matte Koti Bhaskara Teja, effective September 16, 2026. MD and CFO will now handle materiality and regulatory disclosures.