Company Overview
Sai Silks (Kalamandir) Limited reported strong financial performance for FY 2025-26 with revenue growth of 13.11% to ₹1,653.67 crore and profit after tax surging 65.03% to ₹140.92 crore. The company convened its 18th Annual General Meeting on August 10, 2026, through video conferencing to approve financial statements and declare a final dividend of ₹1.50 per share.
Financial Performance
Revenue from operations reached ₹1,653.67 crore (up from ₹1,462.01 crore in FY25), with EBITDA growing 23.13% to ₹260.59 crore. The company improved key ratios including current ratio (5.18 from 4.48), debt-equity (0.29 from 0.36), and return on equity (11.78% from 7.78%). Earnings per share stood at ₹9.56 for the fiscal year.
Operational Highlights
The company expanded its retail footprint to 81 company-owned stores across South India with total retail area of 7,84,853 sq. ft. Geographic revenue distribution showed Telangana (30.24%), Andhra Pradesh (28.69%), Karnataka (17.34%), and Tamil Nadu (22.43%). The company operated five distinct retail formats serving 0.87 crore customers with average revenue per sq. ft. of ₹21,070.
Corporate Governance & Management Changes
Key resolutions included reappointment of statutory auditors Sagar & Associates, appointment of Mr. Bharadwaj Rachamadugu as CEO, and Ms. Sridevi Dasari as Independent Director. The board approved commission payments to non-executive directors within regulatory limits. The company maintained robust corporate policies including vigil mechanism, cyber security, and remuneration policies.
Audit & Compliance Matters
Auditors issued an unmodified opinion but highlighted inventory valuation of ₹815.93 crore as a key audit matter due to obsolescence risk. The company reported zero consumer complaints across all categories including data privacy and advertising, with no data breaches during the year. All regulatory compliance requirements were met under SEBI LODR regulations.
Capital Structure & CSR
Paid-up share capital stood at ₹29.47 crore with major holdings by promoter entities. The company exceeded CSR spending requirements by investing ₹2.78 crore (against obligation of ₹2.73 crore) in education scholarships, women skill development, and handloom heritage preservation. IPO proceeds utilization reached ₹526.85 crore out of ₹566.23 crore raised.
Outlook & Strategic Initiatives
The company continues its cluster-based expansion strategy in South Indian markets with technology-enabled operations through its in-house ERP platform. With strong sourcing network of 4,000+ weavers and vendors, the company maintains leadership in the organized ethnic wear retail segment while expanding digital presence across 25 states and 6 Union Territories.