| Management target | Revenue FY27 |
|---|
| Revenue growth | Q2 ₹434 Cr, -2.3% YoY; H1 ₹809 Cr, -1.7%; QoQ +15.7%. |
|---|---|
| Margins | Gross margin 42.1% (+20bps); EBITDA 14.2%; H2 17.5-18% deferred to Q3. |
| Demand visibility | Festive shift cited; wedding dates 'evenly spread'; Q3 demand expected stronger. |
| Management confidence | Over-optimistic; H2 rebound asserted, margin and KLM answers deferred. |
Growth
Q2 gross margin 42.1% (+20bps); EBITDA ₹62 Cr (14.2%), up 18.8% QoQ; PAT ₹31 Cr (7.2%). H1 revenue ₹809 Cr, down 1.7%; H1 SSSG -9.2%.
Outlook
H2 double-digit SSSG and revenue growth; FY27 ₹1,850–1,900 Cr turnover; H2 margin 17.5–18% unconfirmed.
Risks
Inventory turns ~1.5-2x vs ~3x earlier; H2 recovery unproven; KLM unresolved; competitor exhibitions; UPI MDR charge deferred.
Last quarter's promises, checked
Delivered
- Guided GM ~42% → Q2 42.1% (= BEAT)
- Guided debt-free → net cash ~₹249 Cr (= BEAT)
Partly delivered
- Guided ~1L sq ft FY27 adds → 3 stores added, sq ft undisclosed (= PARTIAL)
- Guided FY27 EBITDA above FY26 → Q1 -1%, Q2 14.2%, H2 deferred (= PARTIAL)
- Guided KLM closure → one relocated (= PARTIAL)
Missed
- Guided FY27 revenue +12–15% → H1 -1.7% (= MISS)
- Guided FY27 SSSG +2–3% → H1 -9.2% (= MISS)
- Guided Q2 Sravana demand lift → Q2 -2.3% YoY (= MISS)
Earnings Call Transcript filed with BSE, NSE: KALAMANDIR. Summary written with AI assistance from the document.
Sai Silks (Kalamandir) Ltd: key numbers
- Share price
- ₹72.45
- Market cap
- ₹1,111 Cr
- Revenue (annual)
- ₹1,654 Cr
- Net profit (annual)
- ₹140.9 Cr
- P/E (TTM)
- 8.7×Sector 33.3×
- Promoter holding
- 60.97%+0.00% QoQ
- FII holding
- 0.39%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Sai Silks (Kalamandir) Ltd
All →Sai Silks (Kalamandir) Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹434.05cr (-2.31% YoY), PAT ₹31.08cr (-22.46%), EBITDA margin 14.19% vs 16.21%. H1 revenue -1.73%. No explicit guidance given.
Sai Silks (Kalamandir) Q2 FY27 Results: Net Profit ₹31.1 Cr, Down 22.4% YoY
Sai Silks (Kalamandir) approved unaudited Q2 and H1 FY27 results, balance sheet and cash flow. The board also reconsidered IPO proceeds, extending warehouse fund utilisation to September 2027.
- Key figure
- Net profit ₹31.1 Cr · -22.4% YoY
Sai Silks (Kalamandir) Other Announcement
Sai Silks revised its earlier resolution to deploy Rs.20.27 Crore of unutilised IPO proceeds into warehouses. The utilisation deadline is extended to 30 September 2027.
- Value
- ₹20.27 Cr
- Execution
- Extended to 30 September 2027
Sai Silks (Kalamandir) Capacity Expansion
Kalamandir opened its 87th store under the Kalamandir format at Yelahanka, Bangalore, Karnataka. The filing is an operational expansion update with no disclosed investment amount.
- new stores
- 1.0 stores
Sai Silks (Kalamandir) Board Meeting Date
Sai Silks (Kalamandir) Ltd has scheduled a Board of Directors meeting on 3 November 2026 to approve un-audited financial results for Q1 and H1 FY2027.
Sai Silks (Kalamandir) Other Announcement
Sai Silks (Kalamandir) appointed GoIndia Advisors LLP as its Investor Relationship Agency effective 06.10.2026. This is a routine administrative change with no financial impact.