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Earnings Call Transcript

Sai Silks (Kalamandir) Earnings Call Transcript: Key Takeaways

Sai Silks (Kalamandir) reported Q1 FY27 revenue of INR375 Cr, flat YoY, impacted by Adhik Maas. The company remains debt-free with 42% gross margins.

Guidance and delivery
Management target Revenue 15.0% FY27
Highlights
Revenue growth12-15% guided for full year FY27.
MarginsGross margins steady at 42%; EBITDA margins expected to improve.
Demand visibilityCautious currently; improvement expected during festive/wedding heavy second half.
Management confidenceHigh on H2 recovery following seasonal shifts and wedding calendar.

Growth

Revenue flat at INR375 Cr; SSSG degrowth of 7.5% due to weak seasonal consumption.

Outlook

Guided 12-15% annual revenue growth; adding 100,000 sq ft retail space and entering Maharashtra/Kerala markets.

Risks

SSSG degrowth, weak consumer demand, and rising supply chain/dyeing costs due to geopolitical factors.

Last quarter's promises, checked

Delivered

  • Guided 13 new stores + 1 extension → delivered 14 additions (= BEAT)
  • Guided ~10% retail space addition → delivered ~10% (78,600 sq ft) (= BEAT)
  • Maintain healthy gross margins → delivered 42.07% (= BEAT)

Partly delivered

  • Guided 12-15% annual revenue growth → delivered flat YoY in Q1 (= PARTIAL)

Missed

  • Guided better than 3% SSSG for FY27 → delivered -7.5% SSSG in Q1 (= MISS)
Source

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

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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.