Conference Call with Siyaram Silk Mills Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Textiles company Siyaram Silk Mills announced Q3FY25 results Total Income for Q3FY25 stood at Rs 586 crore as compared to Rs 513 crore in Q3FY24 showcasing a growth of 14.3% on a YoY basis. As part of our expansion plan, we have signed 30 stores in Tier I & II cities. Out of these, around 20 stores will be opened by March 2025 and the rest are expected to be opened by Q1FY26. ZECODE will feature trendy, affordable fast fashion for urban shoppers, while DEVO will offer a diverse range of ethnic clothing celebrating the country’s cultural heritage. EBITDA for Q3FY25 grew by 4.1% at Rs 83 crore as compared to Rs 80 crore in Q3FY24. EBITDA margin for Q3FY25 stood at 14.1% as compared to 15.5% in Q3FY24. PAT for Q3FY25 stood at Rs 46 crore as compared to Rs 44 crore in Q3FY24. PAT margin for Q3FY25 stood at 7.8% as compared to 8.6% in Q3FY24. The Company declared 2nd Interim Dividend of Rs. 3/- per equity share on the Paid-up Equity Shares of Rs. 2/- each, for the FY25. Gaurav Poddar, President and Executive Director, SiyaramSilk Mills, said: “Consumer sentiment in Q3 was initially lifted by festivities with spending picking up during the season.The inflationary pressure was persistent throughout the quarter thus moderating demand in the later half.However, it was encouraging to note that inflation showed signs of cooling down at the end of the quarter making outlook optimistic going forward. Our expansion plan remains on track, with a goal to open approximately 30 new fast fashion and ethnic retail outlets. The fast fashion outlets are branded as ZECODE, while the ethnic clothing outlets are branded as DEVO. Our financial performance for the quarter shows improvement, with total income at Rs 586 crore, compared to Rs513 crore in Q3FY24. Our revenue mix for Q3FY25 comprised of Fabric at 83%, Garments at 12%, and Yarn & Others at 5%. We are pleased to report an EBITDA of Rs 83 crore, with an EBITDA marginof 14.1%.Additionally, our Profit After Tax (PAT) for the quarter reached Rs 46 crore, with a PAT margin of 7.8%. Looking ahead, we are hopeful that the remainder of the fiscal year will be driven by favorable market environment and prudent capital management, ensuring continued growth. We thank our stake holders for their trust and support as we move into the next phase of growth.” Result PDF