Saraswati Saree Depot Releases Q3FY26 Investor Presentation with Detailed Results
Saraswati Saree Depot Limited has released its comprehensive investor presentation for Q3FY26 under SEBI Regulation 30, detailing quarterly revenue of ₹144.47 crore and nine-month performance showing 4.3% growth. The presentation includes management commentary on seasonal softness, margin pressures, and expectations for Q4FY26 recovery driven by wedding season demand.

*this image is generated using AI for illustrative purposes only.
Saraswati Saree Depot Limited has released its investor presentation on the unaudited financial results for the quarter ended December 31, 2025, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation was released on February 19, 2026, providing comprehensive insights into the company's Q3FY26 performance and business outlook.
Q3FY26 Financial Performance
The company reported revenue from operations of ₹144.47 crore for Q3FY26, representing a decline of 20.7% compared to ₹182.14 crore in Q3FY25. This decrease was attributed to seasonal softness and normalization following a stronger previous period.
| Financial Metric: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹144.47 Cr | ₹182.14 Cr | (20.7)% |
| EBITDA: | ₹4.75 Cr | ₹12.82 Cr | (63.0)% |
| EBITDA Margin: | 3.29% | 7.04% | (375) bps |
| PAT: | ₹3.21 Cr | ₹7.88 Cr | (59.3)% |
| PAT Margin: | 2.22% | 4.33% | (211) bps |
| EPS: | ₹0.81 | ₹1.99 | - |
Nine-Month Performance Highlights
For the nine months ended December 31, 2025, the company demonstrated resilience with revenue growth of 4.3% year-on-year to ₹497.63 crore from ₹477.26 crore in the corresponding period last year.
| Nine-Month Metrics: | 9M FY26 | 9M FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹497.63 Cr | ₹477.26 Cr | 4.3% |
| EBITDA: | ₹27.79 Cr | ₹32.99 Cr | (15.8)% |
| EBITDA Margin: | 5.58% | 6.91% | (133) bps |
| PAT: | ₹20.07 Cr | ₹23.55 Cr | (14.8)% |
| PAT Margin: | 4.03% | 4.93% | (90) bps |
| EPS: | ₹5.06 | ₹5.95 | - |
Management Commentary
Mr. Shankar Dulhani, Chairman & Executive Director, commented on the performance, noting that demand remained softer during the quarter due to normalization following seasonally stronger previous periods. He highlighted that margins were impacted by input cost pressures and operating deleverage from lower volumes, while emphasizing the company's focus on maintaining financial discipline.
The Managing Director & CEO noted that despite near-term margin headwinds, the company's financial discipline remained intact, with priority on tighter working capital management, prudent capital allocation, and maintaining operating cash flow generation through the softer part of the cycle.
Business Operations and Strategic Initiatives
Saraswati Saree Depot, with origins dating back to 1966, operates as a key player in the sarees wholesale segment. The company serves over 13,000 unique customers and maintains a product catalogue of more than 3,00,000 different SKUs. The company sources products from over 9,000 weavers and suppliers across different states in India.
| Business Metrics: | Details |
|---|---|
| Total Customers: | 13,263 (9M FY26) |
| Units Sold: | 12.07 million (9M FY26) |
| Store Coverage: | 235,000+ sq ft across locations |
| Product Mix: | 91.0% sarees, 9.0% other apparel |
The management noted initial progress in their retail initiative, which contributed approximately 1% of sales during the quarter, representing a strategic step toward expanding market reach and building direct consumer connections.
Outlook and Regulatory Compliance
Looking ahead, management expects seasonal tailwinds in the fourth quarter driven by wedding season and spring festive demand, which historically supports recovery in wholesale volumes across key markets including Maharashtra, Karnataka, Tamil Nadu, and Goa.
The investor presentation was released in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for investors and stakeholders. The document was digitally signed by Vinod Shevakram Dulhani, Director (DIN: 09105157), from Kolhapur.
Source:
Historical Stock Returns for Saraswati Saree Depot
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.45% | -4.43% | -14.70% | -32.09% | -37.92% | -70.33% |
































