Date: 27th October, 2026

Financial Performance Summary

Q2 FY27 Standalone Results

  • Total Income: ₹827 crores (up 15.1% YoY from ₹719 crores in Q2 FY26)
  • EBITDA: ₹131 crores (up 8.0% YoY from ₹121 crores)
  • EBITDA Margin: 15.8% (down from 16.8% in Q2 FY26)
  • PAT: ₹75 crores (down 13.8% YoY from ₹87 crores)
  • PAT Margin: 9.0% (down from 12.1% in Q2 FY26)
  • EPS: ₹16.5 (down from ₹19.2 in Q2 FY26)

H1 FY27 Standalone Results

  • Total Income: ₹1,293 crores (up 15.6% YoY from ₹1,118 crores in H1 FY26)
  • EBITDA: ₹170 crores (up 11.3% YoY from ₹153 crores)
  • EBITDA Margin: 13.1% (down from 13.6% in H1 FY26)
  • PAT: ₹86 crores (down 5.9% YoY from ₹92 crores)
  • PAT Margin: 6.7% (down from 8.2% in H1 FY26)
  • EPS: ₹19.0 (down from ₹20.2 in H1 FY26)

Business Segment Performance

  • Fabric: 77% contribution to revenue
  • Garments: 16% contribution to revenue
  • Yarn & Others: 7% contribution to revenue

Operational Highlights

  • Retail network expanded to 61 stores as of date (38 ZECODE and 23 DEVO outlets)
  • Company confident of achieving FY27 target of 70 stores across both formats
  • Demand remained broadly stable despite uneven monsoon conditions and inflationary pressures in key raw materials
  • Seasonal consumption during Raksha Bandhan and Onam supported retail activity

Capital Allocation

  • Declared first interim dividend of ₹4 per equity share (face value ₹2 per share) for financial year 2026-27

Management Commentary

Mr. Gaurav Poddar, Executive Director, commented that the company's strong brand portfolio, diversified product offerings and extensive distribution network helped maintain steady progress across businesses. He noted that with a larger part of the festive season falling in the second half of the year, the outlook for coming quarters remains encouraging. The company remains optimistic about demand trends and confident of sustaining growth momentum.

Company Background

Siyaram Silk Mills Limited is one of the largest producers of blended high fashion suitings, shirtings and apparels in India. The company sells products under multiple brands including Siyaram, J. Hampstead, Oxemberg, and Cadini. It operates and franchises a chain of retail stores offering menswear fashion fabrics, apparel, and accessories.