Siyaram Silk Mills Ltd (BOM:503811)

Q3 2026 Siyaram Silk Mills Ltd Earnings Call Transcript

Jan 29, 2026 / 06:00 AM GMT

Release Date Price: ₹505.9 (-3.10%)

Transcript

Key Points

Positve

Siyaram Silk Mills Ltd (BOM:503811) reported a year-on-year revenue growth of 8.9% for Q3 FY26, with total income reaching INR 639 crores.
The company expanded its retail network by adding 2 ZCode and 5 Davo outlets, aiming to open about 35 stores during the year.
A second interim dividend of INR 3 per share was declared, reflecting confidence in financial strength and future growth prospects.
The company is focusing on strengthening core capabilities in design and product development to align with emerging consumer preferences.
Siyaram Silk Mills Ltd (BOM:503811) is intensifying marketing initiatives to enhance brand visibility and digital engagement, aiming to accelerate demand across key markets.

Negative

Despite revenue growth, the EBITA margin for Q3 FY26 declined to 13.2% from 14.1% in the previous year, impacted by increased employee costs and advertising expenses.
The company's textile business growth was approximately 3%, lagging behind competitors like Raymond, which grew by 11%.
There was a significant increase in processing and labor charges, accounting for approximately 14-15% of net sales.
Store expansion for ZCode was slower in Q3, raising concerns about meeting the target of opening 35 stores by year-end.
The retail business is currently operating at a loss, impacting overall profitability with a 100-150 basis points drop in EBITA.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SIYR.NS - Siyaram Silk Mills Ltd
Q3 2026 Siyaram Silk Mills Ltd Earnings Call
Jan 29, 2026 / 06:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the CRR Silk Mills Limited Q3 FY26 earnings conference call. As a reminder, all participant clients will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing 100 on your touchstone phone. Please note that this conference is now being recorded. I now hand the conference over to Miss Ayushi Gupta.

Thank you and over to you, ma'am.

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Unidentified_2 [2]
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