Textiles company Siyaram Silk Mills announced Q1FY25 results: Total Income for Q1FY25 stood at Rs 331 crore as compared to Rs 362 crore in Q1 FY24. This decline in revenue can be attributed to the continued weakness in the consumer demand during the Q1FY25 The Board of Directors has approved the implementation of a retail project involving the setting up of 30 fast fashion and ethnic retail outlets in Tier I, II, and III cities. The cost of setting up these outlets is estimated to be approximately Rs 50 crore EBITDA for Q1FY25 stood at Rs 34 crore as compared to Rs 31 crore in Q1FY24. EBITDA margin for Q1FY25 stood at 10.3% as compared to 8.5% in Q1FY24. PAT for Q1FY25 stood at Rs 12 crore as compared to Rs 10 crore in Q1FY24. PAT margin for Q1FY25 stood at 3.6% as compared to 2.8% in Q1FY24 Commenting on the results Gaurav Poddar, Executive Director, Siyaram Silk Mills said: “In Q1 FY25, subdued consumer demand was further affected by severe heat waves that shifted spending priorities and significant disruptions to sales channels due to election-related events. These factors combined to create a challenging environment for consumer driven sectors. In terms of financial performance, our Total income for Q1FY25 stood at Rs 331 crore, as compared to Rs 362 crore in Q1FY24. Our revenue mix comprised Fabric at 77%, Garments at 13%, and Yarn & Others at 10% in Q1FY25. We are pleased to report an EBITDA of Rs 34 crore with an EBITDA Margin of 10.3% for the quarter. Furthermore, our Profit After Tax (PAT) for the quarter stood at Rs 12 crore, with a PAT Margin of 3.6%. Further to boost our sales, we are setting up 30 fast fashion and ethnic retail outlets in Tier I, II, and III cities. We will invest approximately Rs50 crore by 31st March 2025 to establish these stores, which will operate on a company-owned, company-operated model. We anticipate that consumer demand will begin to increase from Q3, driven by the upcoming festivities. This rise in demand is expected to lead to improved financial performance. As a result, we foresee a boost in our overall financial stability and growth, positioning us more favourably for future success.” Result PDF