Sai Silks Kalamandir Q1 net profit slips 15% to ₹26 crore as revenue dips 1%
The ethnic apparel retailer posted Q1 FY27 net profit down 14.7% YoY to ₹26 crore on revenue of ₹375 crore, off 1%. EBITDA fell 9.2% to ₹51.9 crore with margin narrowing to 13.8%. The company runs 83 stores across 24 cities and declared a ₹1.50 per share dividend.
What happened
Ethnic apparel retailer Sai Silks Kalamandir reported Q1 FY27 net profit down 15% to ₹26 crore and revenue slipping 1% to ₹375 crore, with EBITDA margin
Key facts
- net profit ₹26 crore, down 14.7% YoY
- revenue ₹375 crore, down 1% YoY
- EBITDA ₹51.9 crore, down 9.2%
- EBITDA margin 13.8%
- dividend ₹1.50 per share
- 83 stores across 24 cities
- share price ₹96.75, down 2.52%
Why this matters
With 83 stores across just 24 cities and margins under pressure, Sai Silks may be an approachable consolidation or partnership candidate in the fragmented ethnic apparel space if the softness persists.
What to watch
- Same-store-sales growth trend in Q2/Q3
- EBITDA margin trajectory vs 13.8% floor
- Store count additions and new-store productivity
- Inventory days and working-capital movement
- Festive/wedding season demand commentary
- Slow new store rollout pace and focus capex on higher-productivity metros
- Push private-label and higher-margin premium ethnic wear to defend EBITDA
- Tighten inventory and promotional intensity to protect gross margin
- Lean on wedding/festive season marketing to drive H2 footfall