Sai silks (kalamandir) Limited reported its Q3FY26 earnings results, showing the impact of festive calendar shifts on quarterly performance while maintaining strong nine-month growth momentum. The ethnic apparel retailer faced headwinds from the timing of Dasara festival, which contributed to lower footfalls compared to the previous year.

Financial Performance Overview

The company's quarterly results reflected the seasonal nature of the ethnic wear business. For Q3FY26 ending December 31, 2025, revenue from operations declined to ₹411.25 crores compared to ₹448.5 crores in the corresponding quarter of the previous year.

Despite the quarterly decline, the company demonstrated strong resilience over the nine-month period. Revenue from operations grew 16.1% year-on-year to ₹1,234 crores compared to ₹1,063 crores in the corresponding period of FY25.

Nine-Month Performance Highlights

The nine-month results showcased the company's operational leverage and improved efficiency. Profit after tax increased significantly by 50% to ₹108 crores compared to ₹71.8 crores in the previous year. The PAT margin expanded to 8.77% from 6.7%, representing a 200 basis point improvement.

Store Expansion Strategy

The company continued its calibrated expansion during Q3FY26, adding approximately 20,500 square feet of retail space. For the nine-month period, it added 11 stores with cumulative retail space of 54,500 square feet. The total retail footprint reached 7.7 lakh square feet as of December 31, 2025.

Management outlined ambitious expansion plans for FY27, targeting 80,000-85,000 square feet compared to the current year's target of 60,000-65,000 square feet. The expansion will focus on the Varamahalakshmi format, which offers better margins and operational efficiency.

Market Expansion Plans

The company is exploring entry into new markets including Maharashtra and Kerala. Management indicated advanced negotiations for locations in Mumbai, Pune, and Nagpur, though rental costs remain a challenge. The strategy involves opening 1-2 stores initially to understand consumer behavior before aggressive expansion.

Format Performance Analysis

The Varamahalakshmi format in Tamil Nadu is currently delivering around ₹37,000-37,500 per square feet with potential to reach ₹45,000 by the end of FY27. The KLM format faced challenges in men's and kids' wear categories during Q3, though sarees remained resilient.

Financial Outlook and Guidance

Management expects to achieve 15% revenue growth for the full year FY26, with the possibility of reaching 18% depending on Q4 performance. For FY27, the company targets 15-20% growth driven by 5% same-store sales growth and 15% contribution from new store additions. The company anticipates 35% PAT growth for FY26 and expects to maintain EBITDA margins of 17-18% for FY27.

Sai silks (kalamandir) Limited has announced a scheduled virtual meeting with analysts and investors, filing the requisite intimation with stock exchanges under regulatory compliance requirements.

Meeting Schedule and Format

The company has provided specific details for the upcoming interaction with market participants:

Regulatory Compliance

The intimation was filed on January 22, 2026, in accordance with Regulation 30 of SEBI (LODR) Regulations. Company Secretary and Compliance Officer M.K. Bhaskara Teja signed the regulatory filing, ensuring proper adherence to listing requirements.

The company has explicitly stated that no unpublished price sensitive information will be discussed during the scheduled meeting, maintaining compliance with insider trading regulations.

Exchange Communication

Sai Silks (Kalamandir) Limited communicated the meeting schedule to both major stock exchanges:

• BSE Limited: Scrip Code 543989
• National Stock Exchange: Symbol KALAMANDIR

The company requested both exchanges to take the intimation on record and disseminate the information on their respective websites for public access.

Important Disclaimers

The company has noted that the meeting schedule remains subject to change due to potential exigencies from either the company's side or the investor/analyst participants. This flexibility clause ensures practical accommodation for unforeseen circumstances while maintaining transparency with market participants.

The virtual format continues the trend of digital engagement between companies and the investment community, providing efficient access to corporate management for market participants.