ICICI Securities Ltd | Retail Equity Research Siyaram Silk Mills (SSML) reported a subdued set of Q3FY17 numbers with revenues declining by 18% to | 338.9 crore. Gross margins improved substantially well to 58% in Q3FY17 vs. 48% in Q3FY16 as share of purchase of traded goods declined. However, increase in employee expenses as a percentage to sales (12.5% vs. 8.7% in Q3FY16), coupled with higher processing charges as a percentage to sales (10% vs. 8% in Q3FY16) dented the...