Siyaram FY26 PAT rises 14.8% to INR 228 crores

Siyaram Silk Mills reported a profit after tax (PAT) of INR 228 crores for the financial year 2025-26, a year-on-year growth of 14.8%. The company achieved a total income of INR 2,653 crores for the year, up 15.5% from the previous year, driven by a 16.1% increase in Q4FY26 total income to INR 871 crores. The Board of Directors has approved a special interim dividend of INR 4 per equity share and a final dividend of INR 5 per equity share, taking the total dividend for the year to INR 16 per equity share.

Financial Performance

The company's EBITDA for FY26 stood at INR 413 crores, a 17.1% increase from the previous year, with a margin of 15.6%. In Q4FY26, EBITDA grew 21% year-on-year to INR 152 crores, with a margin of 17.4%. The revenue mix for the year comprised fabric at 80%, garments at 15%, and others at 5%.

Metric	Q4FY26	Q4FY25	FY26	FY25
Total Income (INR crores)	871	750	2,653	2,296
EBITDA (INR crores)	152	125	413	353
PAT (INR crores)	95	-	228	199

Operational Updates

The company's retail expansion strategy saw the total store count reach 44, comprising 27 in ZECODE and 17 in DEVO. Management intends to reach approximately 70 stores across both brands by the end of the coming financial year. The retail business generated INR 80 crores in revenue for FY26. Additionally, the company announced the commencement of a residential project in Dombivali, scheduled to begin in June 2026, with an estimated development timeline of 24 months and a revenue potential of INR 80 crores.

Future Guidance

For FY27, the company provided a revenue growth guidance of approximately 12%. The capital expenditure for the year is estimated at INR 100 crores, which includes INR 50-60 crores for regular maintenance and INR 40 crores for store expansion. The management expects to maintain an EBITDA margin guidance of approximately 14%, factoring in a 150 basis points drop due to retail operations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.58%	+5.64%	+5.25%	-9.02%	-13.97%	+97.12%

Siyaram Silk Mills has reported its audited financial results for the fiscal year ended March 31, 2026, recording a Profit After Tax (PAT) of ₹228 crore, a 15% increase from ₹199 crore in the previous year. Total income for FY26 stood at ₹2,653 crore, reflecting a 16% year-on-year growth, while EBITDA rose 17% to ₹413 crore. The company's investor presentation highlighted that consumer demand improved gradually during the quarter, supported by wedding and festive seasons alongside a strong brand portfolio.

The Board of Directors, at its meeting held on May 19, 2026, declared a Special Interim Dividend of ₹4 per equity share (200%) on the face value of ₹2 each. The record date for determining shareholder eligibility is fixed for Monday, May 25, 2026. The dividend will be credited or dispatched on or after June 2, 2026. Additionally, the Board recommended a Final Dividend of ₹5 per equity share (250%) for the year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting.

Financial Performance for Q4 and FY26

In the fourth quarter of FY26, the standalone net profit reached ₹95 crore, compared to ₹72 crore in the corresponding quarter of the previous year. Total income for Q4 increased to ₹871 crore from ₹750 crore in Q4 FY25. EBITDA for the quarter stood at ₹152 crore, with an EBITDA margin of 17.4%.

The following table summarizes the standalone financial results for the period:

In ₹ Cr	Q4 FY26	Q4 FY25	Y-o-Y change	FY26	FY25	Y-o-Y change
Total Income*	871	750	16.1%	2,653	2,296	15.5%
EBITDA	152	125	21.0%	413	353	17.1%
EBITDA Margin	17.4%	16.7%		15.6%	15.4%
PAT	95	72	30.6%	228	199	14.8%
PAT Margin	10.9%	9.7%		8.6%	8.7%

*Includes Other Income

Operational Highlights

The revenue composition for Q4 FY26 was led by Fabric at 80%, followed by Garments contributing 15%, and Yarn & Others accounting for the remaining 5%. The company's retail network expanded during the quarter, reaching a total of 27 ZECODE outlets and 17 DEVO stores. Management attributed the performance to improved consumer demand supported by wedding and festive seasons, alongside a strong brand portfolio and disciplined operations.

New Project Approval

The Board has approved the development of a one-off residential project at MIDC leasehold land in Dombivali, Thane, Maharashtra. The project involves the construction of a residential building with a basement plus 18 floors, aggregating approximately 77,400 sq. ft. of built-up area. It will consist of 68 units of 2 BHK flats and other amenities. The estimated cost of the project is ₹45 crore, excluding land cost.