Stock Report

Siyaram Silk Mills Limited Reports Q1 FY27 Results: Total Income Rises 16.4% YoY to ₹466 Crore; PAT Surges to ₹11 Crore

Posted On : 2026-07-31 15:57:59( TIMEZONE : IST )

Siyaram Silk Mills Ltd., one of India's largest manufacturers of blended high-fashion suitings, shirtings, and apparels, has announced its unaudited standalone financial results for the first quarter ended June 30, 2026 (Q1 FY27). The company delivered strong top-line and bottom-line growth, backed by double-digit operational margin expansion and retail network footprint growth.

Standalone Financial Highlights

All figures in ₹ Crore unless explicitly stated otherwise.

For Q1 FY27, Siyaram Silk Mills reported a Net Profit After Tax (PAT) of ₹11 crore, representing a 144.4% year-on-year surge compared to ₹5 crore recorded in Q1 FY26. Consequently, the PAT margin expanded to 2.4% during the quarter, up from 1.1% in Q1 FY26.

Total Income for the quarter rose 16.4% year-on-year to ₹466 crore, compared to ₹400 crore achieved in the corresponding quarter of the previous financial year.

Operating EBITDA: Reached ₹40 crore for Q1 FY27, marking a 22.3% year-on-year increase from ₹33 crore in Q1 FY26.

EBITDA Margin: Improved to 8.6% during Q1 FY27, up from 8.2% in the same period last fiscal year.

Earnings Per Share (EPS): Basic and diluted EPS for Q1 FY27 stood at ₹2.50 per share, up from ₹1.00 per share in Q1 FY26.

Retail Store Expansion Update

Siyaram Silk Mills continued to scale its retail footprint during the first quarter:

ZECODE Expansion: Added 3 new ZECODE stores in Q1 FY27, bringing the total ZECODE store count to 30.

DEVO Expansion: Added 2 new DEVO stores in Q1 FY27, taking the total DEVO store count to 19.

FY27 Target: The company's strategic roadmap to reach approximately 70 total stores across both retail brands by the end of FY27 is progressing as scheduled.

Commenting on the results Mr. Gaurav Poddar, Executive Director, Siyaram Silk Mills Limited said: "During Q1 FY27, demand remained stable despite some moderation in wedding and occasion-led consumption due to the Adhik Maas period. Consumers continued to adopt a valueconscious approach to spending, while inflationary pressures on input costs also persisted during the quarter. Despite these factors, our strong brand portfolio and diversified product offerings helped us maintain steady progress across our businesses.

During Q1 FY'26, we further strengthened our retail footprint with the addition of 3 ZECODE and 2 DEVO stores. This expanded our network to 30 ZECODE and 19 DEVO outlets. We remain confident in achieving our targeted store count of total 70 stores across both brands by FY'27, supported entirely through internally generated cash flows.

Our financial performance during the quarter reflected the strength of our business fundamentals, with total income growing to ₹466 crores from ₹400 crores in the corresponding period last year. The business revenue mix was led by Fabric at 71%, followed by Garments at 19% and Yarn & Others at 10%. EBITDA stood at ₹40 crores with a margin of 8.6%, while Profit After Tax was ₹33 crores, corresponding to a PAT margin of 2.4%.

As we move into the festive season, we anticipate an improvement in consumer demand and spending sentiment. We remain confident in our ability to leverage these opportunities and drive sustainable growth in the periods ahead."

Shares of Siyaram Silk Mills Limited was last trading in BSE at Rs. 604.10 as compared to the previous close of Rs. 616.20. The total number of shares traded during the day was 2878 in over 236 trades.

The stock hit an intraday high of Rs. 625.45 and intraday low of 596.85. The net turnover during the day was Rs. 1758168.00.