Textiles company Siyaram Silk Mills announced Q2FY25 results Total Income for Q2FY25 stood at Rs 629 crore as compared to Rs 597 crore in Q2FY24 showcasing a growth of 5% on a YoY basis. We are pleased to announce the launch of our new retail brands. The fast fashion outlets, branded as ZECODE, will showcase our latest collections aimed at urban shoppers who seek trendy, affordable apparel. Meanwhile, our ethnic clothing outlets, branded as DEVO, will offer an extensive range of attire that celebrates and reflects the country’s rich cultural heritage and style preferences. EBITDA for Q2FY25 grew by 10% at Rs 110 crore as compared to Rs 100 crore in Q2FY24. EBITDA margin for Q2FY25 stood at 17.5% as compared to 16.7% in Q2FY24. PAT for Q2FY25 stood at Rs 68 crore as compared to Rs 61 crore in Q2FY24. PAT margin for Q2FY25 stood at 10.9% as compared to 10.3% in Q2FY24. The Company declared 1st Interim Dividend of Rs. 4/- per equity share on the Paid-up Equity Shares of Rs 2/- each, for FY25. Gaurav Poddar, Executive Director, Siyaram Silk Mills said: “In Q2FY25, domestic demand has gained momentum as we enter the festive season, supported by the destocking of supplier inventories and increased discretionary spending by consumers. To capitalize on the growing demand, we are expanding our footprint with approx. 30 new fast fashion and ethnic retail outlets by March 2025 of which 12 will be opened by December 2024. The fast fashion outlets, branded ZECODE, will feature the latest collections targeting urban shoppers seeking trendy, affordable apparel. Our ethnic clothing outlets, branded DEVO, will showcase an extensive range of clothing that caters to the city’s rich cultural heritage and style preferences. Our financial performance for the quarter shows improvement, with total income at Rs629 crore, compared to Rs597 crore in Q2FY24. Our revenue mix for Q2FY25 comprised of Fabric at 80%, Garments at 15%, and Yarn & Others at 5%. We are pleased to report an EBITDA of Rs 110 crore, with an EBITDA margin of 17.5%. Additionally, our Profit After Tax (PAT) for the quarter reached Rs 68 crore, with a PAT margin of 10.9%. Looking ahead, we are confident that the remainder of the fiscal year will be strong, driven by increasing consumer demand and favourable market conditions, setting the stage for continued growth and success.” Result PDF