Q3 2025 Siyaram Silk Mills Ltd Earnings Call Transcript
Key Points
- Siyaram Silk Mills Ltd (BOM:503811) reported a total income of INR 586 crore for Q3 FY25, marking an increase from INR 513 crore in the same quarter of the previous year.
- The company launched two new brands, ZECODE and DEVO, targeting the fast fashion and ethnic wear markets, respectively, to cater to emerging consumer trends.
- The company has signed 30 new stores in Tier 1 and Tier 2 cities, with 11 already launched by December 2024, indicating a strong expansion strategy.
- Siyaram Silk Mills Ltd (BOM:503811) doubled its advertising and marketing expenditure to INR 33 crore in Q3 FY25, reflecting a strong commitment to brand building.
- The Board of Directors approved a dividend of INR 3 per share, showcasing confidence in the company's financial health and future growth prospects.
- Inflationary pressures have persisted, reducing consumers' discretionary spending as the quarter progressed.
- The company experienced a negative 2.5% volume growth in its Garment business for the nine-month period, indicating challenges in this segment.
- There is a delay in the opening of some signed stores due to construction issues, pushing the timeline to the first quarter of FY26.
- The company is still in the early stages of its new store operations, making it difficult to provide quantitative metrics such as gross margins and operating costs.
- The first half of the fiscal year was weak, with slow consumer movement and fewer wedding days impacting overall growth.
Ladies and gentlemen, good day, and welcome to the Q3 FY25 earnings conference call of Siyaram Silk Mills Ltd., [Operator Instructions] Please note that this conference is being recorded.
I now hand the conference over to Mr. Ankit Jain from Orient Capital. Thank you, and over to you, sir.
Thank you, Alwick. Good afternoon, ladies and gentlemen. I welcome you all to the earnings conference call of Siyaram Silk Mills Ltd., to discuss the Q3 FY25 business performance.
To discuss this quarter's performance, we have from the management Mr. Gaurav Poddar, President and Executive Director; Mr. Ashok Jalan, Senior President and Director; Mr. Surendra Shetty, Chief Financial Officer.
Before we proceed with this call, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risks and uncertainties. For more details, kindly refer to the investor presentation and other filings that can be found on the company's website.
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