Sai Silks (Kalamandir) Reports 11% QoQ Growth in Q4 FY25, Faces Tax Demands
Sai Silks (Kalamandir) Limited announced its Q4 and FY25 results, showing growth despite regulatory issues. Q4 FY25 turnover increased by 11% to ₹399 crores, while FY25 revenue grew 6.43% to ₹1,462 crores. The company expanded with two new stores, reaching 68 stores total. However, it faces tax demands of ₹20.87 crores for FY 2018-19 to 2022-23. Promoters also received personal tax notices, but these are not expected to impact the company's operations.

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Sai Silks (Kalamandir) Limited , a prominent player in the Indian textile and retail sector, has announced its financial results for the fourth quarter and full fiscal year 2024-25, showcasing growth amidst regulatory challenges.
Q4 and FY25 Financial Highlights
Sai Silks (Kalamandir) reported a robust performance in the fourth quarter of fiscal year 2025:
Period | Turnover (₹ in crores) | Growth (%) |
---|---|---|
Q4 FY25 | 399.00 | 11.00 |
Q4 FY24 | 359.00 | - |
For the full fiscal year 2024-25, the company achieved:
Period | Turnover (₹ in crores) | Growth (%) |
---|---|---|
FY25 | 1,462.00 | 6.43 |
FY24 | 1,374.00 | - |
This steady increase in annual revenue underscores the company's consistent performance and market expansion strategies.
Expansion and Store Count
During Q4 FY25, Sai Silks (Kalamandir) continued its expansion strategy by opening two new stores under the brand 'Kanchipuram Varamahalakshmi Silks':
Trichy, Tiruchurapalli, Tamil Nadu:
- Opened: January 10, 2025
- Area: 8,717 sq. ft.
Tumakuru, Karnataka:
- Launched: March 19, 2025
- Area: 6,600 sq. ft.
With these additions, the company's total store count reached 68 as of March 31, 2025, covering a total retail space of 7,00,928 sq. ft.
Regulatory Challenges
Sai Silks (Kalamandir) disclosed tax demand notices from the Office of the Deputy Commissioner of Income Tax, dated March 31, 2025:
Financial Year | Tax Demand (₹ in crores) |
---|---|
2018-19 to 2022-23 | 20.87 |
The company stated that while these tax demands may impact cash flows, they do not anticipate any material effect on business operations.
Impact on Promoters
The regulatory scrutiny has extended to the company's promoters:
Mr. Nagakanaka Durga Prasad Chalavadi:
- Tax demand: ₹58.33 crores (FY 2019-20 to FY 2022-23)
- Status: Appeal filed challenging the orders
Ms. Jhansirani Chalavadi:
- Tax demand: ₹1.43 lakhs (FY 2019-20 to FY 2022-23)
The company has clarified that these personal liabilities of the promoters will not impact Sai Silks (Kalamandir)'s financial position.
Looking Ahead
Despite the regulatory challenges, Sai Silks (Kalamandir)'s strong Q4 performance and overall growth in FY25 demonstrate the company's resilience. As the textile and retail sectors continue to evolve, investors and industry observers will be keenly watching how the company navigates these financial and regulatory waters while maintaining its growth trajectory.
Historical Stock Returns for Sai Silks (Kalamandir)
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.33% | -4.57% | -0.54% | -25.90% | -41.24% | -48.81% |