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Earnings Call Transcript

Siyaram Silk Mills Earnings Call Transcript: Key Takeaways

Siyaram reports 15.1% revenue growth driven by retail expansion despite raw material headwinds compressing margins.

Guidance and delivery
Revenue guidance 12.0% → 15.0% Raised by 3.0 percentage points
Management target Revenue 15.0% FY27
Highlights
Revenue growth15.1% YoY to ₹827 Cr, driven by retail and seasonal demand.
MarginsGross margins contracted due to raw material inflation; retail adds pressure.
Demand visibilityPositive outlook for Q3 due to festive and wedding season demand.
Management confidenceConfident, raising revenue guidance while acknowledging raw material cost pressures.

Growth

Revenue grew 15.1% YoY to ₹827 Cr; fabric remains core at 77% contribution.

Outlook

Management raised FY27 revenue growth guidance to 14-15% and expects 70 stores by year-end.

Risks

Raw material inflation and geopolitical instability are significant threats to EBITDA margins.

Last quarter's promises, checked

Delivered

  • Rev growth ~12% FY27 → 15.1% YoY (qtr vs annual guide) (= BEAT)

Partly delivered

  • 70 stores by FY27 → 61 reported (= PARTIAL)
  • Capex ~₹100 Cr → reiterated, spend not disclosed (= PARTIAL)

Missed

  • EBITDA margin ~14% → gross margin contracted, EBITDA% not disclosed (= MISS)
  • Retail funded via internal accruals → D/E 0.24 (Jun-26) → 0.58 (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: SIYSIL. Summary written with AI assistance from the document.

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Siyaram Silk Mills Ltd: key numbers

Share price
₹455.10
Market cap
₹2,065 Cr
Revenue (annual)
₹2,572 Cr
Net profit (annual)
₹230.9 Cr
P/E (TTM)
9.2×Sector 49.0×
Promoter holding
67.44%+0.00% QoQ
FII holding
1.82%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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