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.

Sai silks (kalamandir) Limited has announced a conference call to discuss its Q3FY26 unaudited financial results, scheduled for January 20, 2026. The announcement was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Call Schedule

The investor and analyst conference call has been scheduled for the following date and time:

The conference call is subject to the approval and announcement of the company's unaudited financial results for the quarter ended December 31, 2025.

Management Representation

The conference call will be represented by key members of the company's management team:

• Mr. K.V.L.N Sarma - Chief Financial Officer
• Mr. Bharadwaj B. R - Senior Vice President

Participation Details

The company has provided comprehensive access options for participants to join the conference call:

Universal Access Numbers

• +91 22 6280 1432
• +91 22 7115 8819

International Toll-Free Access

Participants from various countries can access the call through dedicated toll-free numbers:

Express Join Option

For enhanced convenience, the company has provided an Express Join option through Diamond Pass registration, which offers no wait time for participants. The registration link and conference call details will be hosted on the company's official website at www.sskl.co.in .

Contact Information

For any enquiries regarding the conference call, participants can contact:

The announcement was signed by M.K. Bhaskara Teja, Company Secretary and Compliance Officer, and communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.