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Earnings Call Transcript

Siyaram Silk Mills Earnings Call Transcript: Key Takeaways

Siyaram reported 16.4% revenue growth despite sluggish wedding demand, pivoting towards aggressive retail expansion via Zeco and Devo brands while managing elevated input costs and margin compression.

Guidance and delivery
Management target Revenue 12.0% FY27
Highlights
Revenue growth16.4% YoY growth reaching INR 466 crores.
MarginsEBITDA at 8.6%; retail expansion causing 150 bps temporary drag.
Demand visibilityStable, but seasonal wedding demand postponed due to Adhik Maas.
Management confidenceBalanced, though slightly defensive regarding short-term retail losses.

Growth

Revenue grew to ₹466 Cr from ₹400 Cr YoY; Net Profit surged 144% due to operating leverage.

Outlook

Management guides ~12% revenue growth and 14% EBITDA margin for FY27.

Risks

Inflationary input costs and margin dilution from retail expansion remain primary concerns.

Last quarter's promises, checked

Delivered

  • Guided INR 2,500 Cr revenue → delivered INR 2,653 Cr (= BEAT)
  • Guided INR 300 Cr PBT → delivered INR 300 Cr (= BEAT)
  • Guided INR 225 Cr PAT → delivered INR 228 Cr (= BEAT)

Partly delivered

  • Guided 150 bps retail margin drag → delivered within budget but overall EBITDA margin 15.6% (= PARTIAL)

Missed

  • Guided 35 new stores in FY26 → delivered 26 (= MISS)
Source

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

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Siyaram Silk Mills Ltd: key numbers

Share price
₹538.05
Market cap
₹2,441 Cr
Revenue (annual)
₹2,572 Cr
Net profit (annual)
₹230.9 Cr
P/E (TTM)
10.3×Sector 55.7×
Promoter holding
67.44%+0.00% QoQ
FII holding
1.96%Current quarter

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

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