Sai Silks (Kalamandir) Limited has filed its investor presentation for the quarter ended December 31, 2025, with stock exchanges in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The presentation provides comprehensive insights into the company's operations as one of South India's leading ethnic apparel retailers.

Company Overview and Store Network

The company operates an extensive retail network of 79 stores across 22 cities, covering a combined area of 7,70,610 square feet with an average store area of 9,755 square feet. The stores are strategically distributed across five states - Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, and Puducherry - following a cluster-based expansion model.

Multi-Brand Portfolio Strategy

The company operates five distinct brand formats targeting different market segments. Kalamandir focuses on ethnic fashion for middle-income customers with products priced between ₹1,000 to ₹100,000. Mandir caters to the ultra-premium segment with designer sarees ranging from ₹6,000 to ₹350,000. Kanchipuram Varamahalakshmi Silks specializes in premium ethnic sarees and handlooms for weddings and occasions, priced between ₹4,000 to ₹250,000.

KLM Fashion Mall targets the value fashion segment with affordable pricing from ₹200 to ₹75,000, while the newly launched Valli Silks brand in 2025 offers everyday ethnic elegance at pocket-friendly prices ranging from ₹250 to ₹35,000.

Financial Performance Highlights

For the nine months ended December 31, 2025, the company demonstrated strong financial performance with significant year-over-year improvements across key metrics.

The company achieved an average revenue per store of ₹215 million and average revenue per square foot of ₹20,417 for FY 24-25, indicating efficient space utilization and strong operational performance.

Digital Presence and Technology Integration

The presentation highlights the company's omnichannel approach with dedicated websites for each brand format and strong social media presence. The company maintains 1.24 million Facebook followers, 737.4 thousand Instagram followers, and 392.92 thousand YouTube subscribers. The e-commerce platform serves 25 states and 6 union territories with an average order value of ₹5,747.

The company has implemented technology-driven supply chain management with in-house ERP systems, AI/ML integration for store-level insights, and partnerships with over 4,000 master weavers, weavers, and vendors across India. The warehousing capacity spans 173,000 square feet across five locations in Karnataka, Andhra Pradesh, Telangana, and Tamil Nadu.

Recognition and Awards

The company has received 27 awards and recognitions since 2012, including six consecutive years of awards at the Times Business Awards by Times of India from 2015 to 2020. Recent recognitions in 2025 include the Retail Icon Award for Authentic Silk Sarees Brand and the Leading Ethnic Fashion Retail Group award from Times of India.

The investor presentation document has been uploaded on the company's website and shared with BSE Limited and National Stock Exchange of India Limited for public dissemination as required under regulatory compliance.

Sai Silks (Kalamandir) Limited announced its unaudited financial results for the quarter ended December 31, 2025, presenting a challenging performance with quarterly declines attributed to softer margins and elevated operating costs. The ethnic apparel retailer's Board of Directors approved the results at their meeting held on January 19, 2026.

Quarterly Financial Performance Under Pressure

The company's Q3FY26 performance showed significant decline compared to the same period last year, with operating metrics reflecting demand moderation and cost pressures:

The revenue decline was primarily attributed to reduced purchases of stock-in-trade, which decreased to ₹201.71 crores from ₹270.16 crores in Q3FY25. Employee benefit expenses increased to ₹58.01 crores compared to ₹53.73 crores in the previous year, while finance costs decreased to ₹7.33 crores from ₹9.61 crores. Profit before tax stood at ₹51.10 crores, lower than ₹61.50 crores in Q3FY25.

Nine-Month Performance Shows Strong Growth

Despite quarterly challenges, the company's nine-month performance for the period ended December 31, 2025, demonstrated robust growth across key parameters:

The nine-month revenue growth was supported by increased purchases of stock-in-trade at ₹818.50 crores compared to ₹732.05 crores in the previous year. Total expenses for the nine-month period increased to ₹1,103.05 crores from ₹978.54 crores.

IPO Proceeds Utilization Update

The company provided an update on the utilization of its IPO proceeds, which were raised through a ₹1,201.00 crores public offering completed in FY 2023-24. The IPO comprised a fresh issue of ₹600.00 crores and an offer for sale of ₹601.00 crores:

The company has utilized 81.50% of its IPO proceeds, with significant progress in working capital deployment and complete repayment of borrowings. The remaining funds are primarily allocated for ongoing store expansion and warehouse development projects.

Business Operations and Market Response

Sai Silks (Kalamandir) Limited operates as a textile retailer through brands such as Kalamandir, Varamahalakshmi and KLM Fashion Mall, focusing on buying and selling textile and textile articles. The company operates as a single business segment under Ind AS 108 Operating Segments guidelines. The company continues to invest in store expansion and supply chain infrastructure, supported by IPO funds, even as near-term profitability faces pressure from costs and demand trends.

The stock closed 3.90% higher at ₹129.00 ahead of the Q3 result announcement. However, the stock has declined 15.55% over the past month, reflecting market concerns about operational performance. The company maintains its paid-up equity share capital at ₹29.47 crores, consisting of equity shares with a face value of ₹2.00 each.