Siyaram Silk Mills Reports 18.1% Revenue Growth in Q2, Announces INR 4 Interim Dividend

Siyaram Silk Mills Limited , a leading name in India's textile and apparel industry, has reported strong financial results for the second quarter, demonstrating resilience and growth in a dynamic market environment.

Financial Highlights

The company reported a total income of INR 743.00 crores in Q2, marking an 18.1% year-on-year growth compared to INR 629.00 crores in the same quarter last year. For the first half, total income reached INR 1,143.00 crores, reflecting a 19.1% increase from INR 960.00 crores in the previous year's first half.

Key financial metrics for Q2 include:

Metric	Q2	Year-on-Year Growth
Total Income	INR 743.00 crores	18.1%
EBITDA	INR 145.00 crores	-
EBITDA Margin	19.5%	-
PAT	INR 87.00 crores	27.2%
PAT Margin	11.7%	-

The company's EBITDA for the quarter stood at INR 145.00 crores with a margin of 19.5%. Profit After Tax (PAT) showed impressive growth, reaching INR 87.00 crores, representing a 27.2% year-on-year increase and a margin of 11.7%.

Business Segment Performance

Siyaram Silk Mills' revenue composition for Q2 was as follows:

Segment	Contribution to Total Revenue
Fabric	77%
Garments	15%
Yarn and Other Segments	8%

Expansion of Retail Footprint

The company continued its retail expansion strategy, focusing on its new brands ZECODE and DEVO:

Opened 7 new ZECODE stores and 2 new DEVO stores during the quarter
Total store count now stands at 23 ZECODE and 12 DEVO stores
These new retail brands generated approximately INR 30.00 crores in revenue for the first half

Dividend Announcement

The Board of Directors has approved an interim dividend of INR 4.00 per share for a face value of INR 2.00 each.

Management Commentary and Outlook

Gaurav Poddar, President and Executive Director of Siyaram Silk Mills, expressed optimism about the company's performance and future prospects. He stated, "We continued to build on the momentum from the first quarter, making healthy progress across our business segments. Our new brands, ZECODE and DEVO, continue to perform well and are receiving strong customer feedback."

The management has revised its revenue guidance for the fiscal year from 10-12% to 12-14%, citing strong performance in the first half.

Market and Industry Trends

The textile and apparel sector witnessed steady growth in Q2, supported by improved consumer confidence and stronger market demand. The early arrival of the festive season boosted retail activity, leading to higher footfalls and better sales performance.

The recent reduction in GST rates for selected apparel categories is expected to further lift consumer sentiment and encourage more spending, potentially benefiting companies like Siyaram Silk Mills.

Conclusion

Siyaram Silk Mills Limited's Q2 results demonstrate the company's ability to capitalize on market opportunities and execute its growth strategies effectively. With a strong financial performance, expanding retail footprint, and positive outlook, the company appears well-positioned to continue its growth trajectory in the coming quarters.

Investors and industry observers will be keen to watch how Siyaram Silk Mills leverages its brand strength and retail expansion to drive further growth, particularly in the context of evolving market dynamics and consumer preferences in the textile and apparel sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.35%	+1.46%	+6.56%	+1.26%	+20.91%	+446.11%

Siyaram Silk Mills , a prominent player in the Indian textile industry, has announced impressive financial results for the second quarter, demonstrating strong growth across key metrics.

Financial Highlights

The company reported a significant increase in its quarterly net profit, which rose to ₹870 million, marking a 27% growth compared to ₹684 million in the same period last year. This substantial improvement in profitability underscores the company's effective cost management and operational efficiency.

Revenue for the quarter showed robust growth, increasing to ₹7.1 billion from ₹6.1 billion year-over-year, representing a 16.4% rise. This uptick in revenue indicates strong demand for the company's products and successful market strategies.

Profitability Metrics

Siyaram Silk Mills also saw an improvement in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), which increased to ₹1.1 billion from ₹890 million in the previous year. The EBITDA margin expanded to 15.24% from 14.64%, reflecting enhanced operational efficiency and cost control measures.

Key Financial Data

Metric	Q2 Current	Q2 Previous	YoY Change
Net Profit (₹ million)	870.00	684.00	+27.20%
Revenue (₹ billion)	7.10	6.10	+16.40%
EBITDA (₹ million)	1,100.00	890.00	+23.60%
EBITDA Margin	15.24%	14.64%	+60 bps

Dividend Announcement

The Board of Directors has declared an interim dividend of ₹4 per equity share (200% on face value of ₹2 per share). The payment is scheduled for November 19, to shareholders on record as of November 11.

Management Changes

The company has also approved key management changes. William Fernandes will be retiring as Company Secretary and GM (Legal) on November 14, and will be relieved on February 13. Mahipal Thakur has been appointed as the new Company Secretary and Compliance Officer, effective November 15.

Additional Financial Details

Siyaram Silk Mills reported standalone revenue from operations of ₹70,555.39 lakhs for the quarter, with profit before tax at ₹11,821.23 lakhs. These results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 4.

Outlook

The strong Q2 results position Siyaram Silk Mills favorably in the textile sector. The company's performance reflects its ability to navigate current market conditions effectively.

Investors are advised to conduct their own research and consider their financial goals before making investment decisions based on these results.