| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 133.53 | 7.6% | 2.1% |
| Total Income | 135.26 | 7.0% | 1.5% |
| Expenditure | 130.99 | 7.4% | 2.7% |
| PBT | 4.38 | 3.5% | 55.5% |
| Net Profit | 3.33 | 3.9% | 52.5% |
| OPM | 3.25% | 0.23pp | 3.54pp |
| NPM | 2.46% | 0.25pp | 2.66pp |
| EPS | 0.82 | 1.2% | 53.7% |
Saraswati Saree Depot Reports FY26 Revenue of ₹631.16 Cr
02 Jun 2026 · 2 Jun, 9:32 pm
Summary
Saraswati Saree Depot Limited reported a modest 2.9% year-over-year increase in Revenue from Operations to ¥631.16 crore for FY26, despite a challenging operating environment. However, Profit After Tax for the full year declined 23.42% to ¥23.41 crore from ¥30.57 crore in FY25, with PAT margin at 3.71%, impacted by higher procurement costs. The company strengthened its financial position by maintaining debt-free status, significantly increasing cash and cash equivalents to ¥69.93 crore, and improving working capital efficiency through reduced trade receivables and inventory. Management acknowledged near-term demand challenges due to softer consumer spending but expressed confidence in long-term growth by focusing on operational efficiencies, expanding product portfolio, and enhancing retail presence.
Key Highlights
- 1
Revenue from Operations for FY26 increased 2.9% year-over-year to ¥631.16 crore from ¥613.61 crore in FY25.
- 2
Profit After Tax (PAT) for FY26 stood at ¥23.41 crore, a decline of 23.42% from ¥30.57 crore in FY25, with a PAT Margin of 3.71%.
- 3
For Q4 FY26, Revenue from Operations stood at ¥133.53 crore, down 2.07% from ¥136.35 crore in Q4 FY25.
- 4
The company maintained its debt-free status throughout FY26 and increased cash and cash equivalents by over 50% to ¥69.93 crore as of March 31, 2026.
- 5
Improved working capital management contributed to a reduction in trade receivables to ¥72.42 crore and inventory to ¥120.69 crore.
- 6
Net worth increased to ¥194.66 crore as of March 31, 2026, from ¥177.91 crore a year prior.
- 7
A new retail initiative was launched in FY26, marking an important strategic milestone to build a direct consumer-facing presence.
Management Comments
Shankar Dulhani
Dear Valued Shareholders & Stakeholders, FY26 was a year of steady progress for Saraswati Saree Depot despite a challenging operating environment. We delivered Revenue from Operations of ¥631.16 crore, reflecting growth over the previous year and demonstrating the resilience of our business model and customer relationships. Our extensive wholesale network, diversified supplier base, and strong market presence enabled us to maintain business momentum across key markets. During the year, we continued to focus on strengthening the foundations of our business. Our retail initiative, launched during the year, marks an important strategic milestone as we gradually build a direct consumer-facing presence while continuing to deepen our leadership in the wholesale segment. We also continued to leverage our Surat procurement office to improve sourcing efficiencies and enhance vendor engagement. We delivered improved cash flows and a more efficient working capital cycle during the year. While profitability was impacted by higher procurement costs and pressure on gross margins, we remain confident in the long-term growth potential of the organized saree and women's apparel market. Our debt-free balance sheet, healthy liquidity position, and disciplined approach to working capital management provide us with a strong platform to capitalize on future growth opportunities. Looking ahead, we expect demand conditions in the coming year to remain significantly weaker than the levels witnessed in recent years, reflecting continued softness in consumer spending and a cautious market environment. While near-term challenges may persist, we are approaching the year with prudence and confidence, supported by the strength of our business fundamentals, extensive customer network, and strong market position. Our focus remains on driving operational efficiencies, strengthening customer and supplier relationships, expanding our product portfolio, and enhancing our retail presence. We believe these initiatives, combined with our robust balance sheet and disciplined execution, will enable us to navigate the current environment effectively and create sustainable long-term value for all stakeholders.
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