Sai Silks (Kalamandir) Limited, a prominent player in the Indian textile retail sector, has reported robust growth for the second quarter. The company's performance highlights its strong market position and aggressive expansion strategy in the face of evolving consumer demands.

Q2 Financial Highlights

Sai Silks achieved a turnover of ₹444.00 crore in Q2, representing a significant 28% increase compared to ₹347.00 crore in the same quarter of the previous fiscal year. This substantial growth underscores the company's ability to capitalize on market opportunities and meet consumer preferences effectively.

H1 Performance

The company's strong performance extends beyond the quarter, with impressive results for the first half:

This remarkable 34% growth in the first half demonstrates Sai Silks' consistent performance and market strength.

Retail Expansion

Sai Silks has been aggressively expanding its retail presence, with a focus on key markets in South India. During Q2, the company opened 5 new stores:

1. Kanchipuram Varamahalakshmi Silks in Tirupati, Andhra Pradesh
2. Valli Silks in Nizampet, Hyderabad, Telangana
3. Valli Silks in Attapur, Hyderabad, Telangana
4. Valli Silks in Tirupati, Andhra Pradesh
5. Valli Silks in Vijayawada, Andhra Pradesh

Future Expansion Plans

Sai Silks has outlined ambitious plans for further expansion, with 10 new store openings in the pipeline:

• Kanchipuram Varamahalakshmi Silks format: 6 new stores

  • 3 in Tamil Nadu
  • 2 in Karnataka
  • 1 in Telangana

• Valli Silks format: 4 new stores

  • 2 in Andhra Pradesh
  • 2 in Telangana

This strategic expansion is expected to strengthen Sai Silks' market presence across key South Indian states, potentially driving further growth in the coming quarters.

The company's focus on expanding both its Kanchipuram Varamahalakshmi Silks and Valli Silks formats indicates a multi-brand strategy to cater to diverse customer segments and preferences in different regions.

Sai Silks' strong financial performance, coupled with its aggressive expansion plans, positions the company for continued growth in the competitive Indian textile retail market. As the company expands its footprint across South India, investors and industry observers will be keenly watching its ability to maintain this growth trajectory and capitalize on emerging market opportunities.

Sai Silks (Kalamandir) Limited, a prominent player in the Indian textile retail sector, has announced the opening of its 74th store under the Valli Silks format in Vijayawada, Andhra Pradesh. The new outlet, which commenced operations on September 29, 2025, marks another milestone in the company's ongoing retail expansion strategy.

Expansion Details

The company disclosed this significant development through official communications to both the National Stock Exchange and the Bombay Stock Exchange. This expansion aligns with Sai Silks' commitment to strengthening its presence in key markets and enhancing accessibility for customers.

Official Announcement

In a filing to the stock exchanges, M.K. Bhaskara Teja, Company Secretary & Compliance Officer of Sai Silks (Kalamandir) Limited, stated:

"We hereby announce that our company has opened its 74th store under Valli Silks format, located at Vijayawada, Andhra Pradesh on September 29, 2025."

Strategic Importance

The launch of the new store in Vijayawada, a major city in Andhra Pradesh, underscores Sai Silks' focus on tapping into key regional markets. Vijayawada, known for its cultural richness and growing urban population, presents a strategic location for the Valli Silks format, which typically offers a wide range of traditional and contemporary silk products.

Market Impact

This expansion is expected to contribute to Sai Silks' market presence and potentially impact its financial performance in the coming quarters. The company's consistent growth in its retail network suggests a robust demand for its products and a strategic approach to market penetration.

As Sai Silks (Kalamandir) Limited continues to expand its retail footprint, investors and market analysts will likely keep a close watch on how this growth strategy translates into financial performance and market share in the competitive Indian textile retail sector.