Sai Silks (Kalamandir) , a leading ethnic wear retailer in South India, has unveiled ambitious expansion plans targeting over 100 stores and a revenue of ₹4,500 crore by FY27. This strategic growth initiative comes on the heels of the company's robust financial performance in the second quarter of FY 2025-26.

Expansion Strategy

The company's growth strategy encompasses several key elements:

1. Pan-India Expansion: Sai Silks (Kalamandir) plans to establish a network of more than 100 stores across India, significantly expanding its current footprint of 74 stores across 22 cities.

2. Premium Silk Portfolio: The retailer aims to develop a high-end silk product line, potentially enhancing its offerings in the ultra-premium and premium ethnic wear segments.

3. Omni-channel Approach: Implementation of an omni-channel sales strategy to integrate online and offline shopping experiences seamlessly.

4. Margin Improvement: The company targets an improvement in EBITDA margins to 13-14%, indicating a focus on operational efficiency and profitability.

Q2 FY 2025-26 Financial Highlights

Sai Silks (Kalamandir)'s Q2 financial results demonstrate strong growth:

The company's EBITDA margin improved to 16.21% in Q2 FY 2025-26 from 15.95% in the same quarter last year, while the PAT margin increased significantly from 6.85% to 9.02%.

H1 FY 2025-26 Performance

For the first half of FY 2025-26, Sai Silks (Kalamandir) reported:

• Revenue: ₹823.35 crore (33.96% YoY growth)
• EBITDA: ₹129.14 crore (73.82% YoY growth)
• PAT: ₹70.14 crore (171.20% YoY growth)

The company's EBITDA margin for H1 FY 2025-26 stood at 15.68%, up from 12.09% in H1 FY 2024-25, while the PAT margin more than doubled from 4.21% to 8.52%.

Expansion Progress

As of September 30, 2025, Sai Silks (Kalamandir) operates 74 stores across five states and union territories, covering a total area of 750,064 square feet. The company's multi-brand strategy, including Kalamandir, Mandir, Vara Mahalakshmi, KLM Fashion Mall, and the newly launched Valli, caters to various market segments and price points.

Market Position and Future Outlook

Sai Silks (Kalamandir)'s strong financial performance and ambitious expansion plans reflect its robust position in the South Indian ethnic wear market. The company's focus on diversifying its brand portfolio, expanding its geographical presence, and improving operational efficiency positions it well to capitalize on the growing demand for ethnic wear in India.

As the company moves forward with its expansion strategy, investors and industry observers will be keenly watching its progress towards achieving the targeted 100+ stores and ₹4,500 crore revenue by FY27. The success of this expansion plan could potentially solidify Sai Silks (Kalamandir)'s position as a dominant player in the Indian ethnic wear retail sector.

Sai Silks (Kalamandir) Limited, a prominent player in the Indian textile and retail sector, has announced its unaudited financial results for the second quarter and first half of the fiscal year 2026, ending September 30, 2025. The company's board of directors approved the financial statements, which were recommended by the Audit Committee and reviewed by statutory auditors.

Strong Quarter-on-Quarter Performance

The company has demonstrated substantial growth in its financial performance compared to the same period last year. Here's a breakdown of the key financial highlights:

The remarkable increase in total income and net profit after tax showcases the company's strong market position and operational efficiency.

Half-Yearly Performance

For the first half of FY2026, Sai Silks (Kalamandir) continued its growth trajectory:

This substantial year-on-year growth in total income for the half-year period indicates consistent performance and market expansion.

Financial Position

As of September 30, 2025, the company reported:

• Total Assets: ₹1,802.18 crores
• Cash and Cash Equivalents: ₹38.52 crores

The robust asset base and healthy cash position suggest a strong financial foundation for the company's operations and future growth initiatives.

Corporate Governance and Compliance

In line with regulatory requirements, Sai Silks (Kalamandir) Limited has submitted the following documents to the stock exchanges:

1. Unaudited financial results for Q2 and H1 FY2026
2. Statement of Assets and Liabilities as of September 30, 2025
3. Cash Flow Statement for the half-year ended September 30, 2025
4. Limited Review Report on the Financial Results by statutory auditors

The company's board meeting to approve these results commenced at 02:30 PM and concluded at 4:00 PM on October 27, 2025, as per the disclosure made to the stock exchanges.

Market Implications

The significant improvement in Sai Silks (Kalamandir)'s financial performance may be attributed to various factors such as increased consumer spending, expansion of retail presence, or improved operational efficiencies. The substantial growth in net profit, in particular, could indicate effective cost management strategies or higher-margin product sales.

As the textile and retail sectors continue to evolve in India, Sai Silks (Kalamandir)'s strong financial results position it well for future growth and market opportunities. However, stakeholders should also consider broader economic factors and industry trends when assessing the company's long-term prospects.