SIYARAM SILK MILLS LTD.-$ Q1 FY26 Results

Q1 FY26, demand in the Retail segment remained largely flat, influenced by the early onset of the monsoon which affected typical seasonal buying behaviour and spending patterns. We continue to make steady progress on our expansion strategy, opening 4 ZECODE and 3 DEVO stores in Q1IFY26, taking the total to 16 ZECODE and 10 DEVO stores as of Q1FY26. Our target to open ~35 stores across both brands by FY26 remains on track. These stores will be funded through internal accruals. Our financial performance in Q1FY26 reflected total income at ₹ 400 crores up from ₹ 331 crores in Q1 FY25. The revenue mix for Q1 FY26 comprised Fabric at 76%, Garments at 13%, and Yarn & Others at 11%. We reported an EBITDA of ₹ 33 crores, resulting in an EBITDA margin of 8.2%, while Profit After Tax (PAT) stood at ₹ 5 crores with a PAT margin of 1.1%. We anticipate a rebound in consumer demand in the months ahead, driven by the upcoming festive season. As consumer sentiment improves, we remain confident in our ability to deliver stronger performance and create long-term value for all stakeholders.