Textiles company Siyaram Silk Mills announced Q1FY26 results Total Income for Q1FY26 amounted to Rs 400 crore, compared to Rs 331 crore in Q1FY25, reflecting a YoY growth of 21.1%. In Q1FY26, Other income includes Rs 1 crore towards government grants (Rs 13 crore in Q1FY25) contributing to the total income. EBITDA for Q1FY26 stood at Rs 33 crore as compared to Rs 34 crore in Q1FY25, with the EBITDA margin reaching to 8.2%. Profit After Tax (PAT) for Q1FY26 stood at Rs 5 crore, compared to Rs 12 crore in Q1FY25, with the PAT margin at 1.1%. In Q1FY26, we opened 4 ZECODE and 3 DEVO stores. Total stores opened as of Q1FY26 is 16 ZECODE and 10 DEVO stores. Target to open total ~ 35 stores under both brands during FY26 remains intact. Gaurav Poddar, Executive Director, Siyaram Silk Mills said: “In Q1FY26, demand in the Retail segment remained largely flat, influenced by the early onset of the monsoon which affected typical seasonal buying behaviour and spending patterns. We continue to make steady progress on our expansion strategy, opening 4 ZECODE and 3 DEVO stores in Q1FY26, taking the total to 16 ZECODE and 10 DEVO stores as of Q1FY26. Our target to open ~35 stores across both brands by FY26 remains on track. These stores will be funded through internal accruals. Our financial performance in Q1FY26 reflected total income at Rs 400 crore up from Rs 331 crore in Q1FY25. The revenue mix for Q1FY26 comprised Fabric at 76%, Garments at 13%, and Yarn & Others at 11%. We reported an EBITDA of Rs 33 crore, resulting in an EBITDA margin of 8.2%, while Profit After Tax (PAT) stood at Rs 5 crore with a PAT margin of 1.1%. We anticipate a rebound in consumer demand in the months ahead, driven by the upcoming festive season. As consumer sentiment improves, we remain confident in our ability to deliver stronger performance and create long-term value for all stakeholders.” Result PDF
Conference Call with Siyaram Silk Mills Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Textiles company Siyaram Silk Mills announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total Income for Q4FY25 stood at Rs 750 crore as compared to Rs 653 crore in Q4FY24 showcasing a YoY growth of 14.8%. EBITDA for Q4FY25 grew by 11.5% at Rs125 crore as compared to Rs 112 crore in Q4FY24. PAT for Q4FY25 stood at Rs 73 crore as compared to Rs 69 crore in Q4FY24 resulting a growth of 5.0% YoY growth. FY25 Financial Highlights: Total Income stood at Rs 2,296 crore as compared to Rs 2,125 crore in FY24 reflecting 8.0% YoY growth. EBITDA for FY25 stood at Rs 353 crore and EBITDA Margin stood at 15.4%. PAT for FY25 stood at Rs 199 crore and PAT Margin stood at 8.7%. The Company declared Final Dividend of Rs 5/- per equity share on the Paid-up Equity Shares of Rs 2/- each, taking the total dividend to Rs 12/- per equity share for FY25. Gaurav Poddar, Executive Director, Siyaram Silk Mills, said: “Consumer confidence in India is steadily improving, with positive signs visible in both urban and rural areas. Demand is expected to pick up, driven by factors such as increasing disposable income, easing inflation, and optimistic economic outlook. With private consumption expected to continue its upward trajectory, the sector is wellpositioned to capitalize on the evolving needs and preferences of the consumers. Our expansion plan is progressing with the successful opening of 12 ZECODE stores and 7 DEVO stores in FY25, we are targeting the launch of ~35 stores across both brands in FY26. Our financial performance for the quarter shows improvement, with total income at Rs750 crore, compared to Rs 653 crore in Q4FY24. Our revenue mix for Q4FY25 comprised of Fabric at 82%, Garments at 14%, and Yarn & Others at 4%. We are pleased to report an EBITDA of Rs 125 crore, with an EBITDA margin of 16.7%. Additionally, our Profit After Tax (PAT) for the quarter reached Rs 73 crore, with a PAT margin of 9.7%. As we step into the next financial year, we are filled with optimism, supported by a favourable market outlook and strong inventory management that will drive our growth.” Result PDF
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
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