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Sai Silks (Kalamandir) Ltd

Q2 FY26Retailing

Sai Silks (Kalamandir) Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹86
Market cap₹1.3K Cr
P/E9.8
Updated23 Aug 2026
Read4 min read

The short version

Sai Silks targets annual revenue growth of 18% to 20% for the full year, higher than the initial 15% target which was already achieved in H1 (Page 12). Full-year annual growth targeted between 18% to 20%, up from an initial 15% target (Page 12).

From Sai Silks (Kalamandir) Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Sai Silks targets annual revenue growth of 18% to 20% for the full year, higher than the initial 15% target which was already achieved in H1 (Page 12).
  • Second half projections include adding about 30,000 to 35,000 square feet of retail space via approximately 10 new stores (5-6 Valli format, 3-4 Varamahalakshmi) (Page 13).
  • The company expects higher profitability from new stores due to operational efficiencies and anticipates reaching optimal productivity in existing stores by Q4 (Page 10, 12).
  • Focus on increasing inventory turns from ~2x to 2.5x by next financial year, aided by optimized warehouse operations (Page 17).

2 more points from Sai Silks (Kalamandir) Ltd's call on revenue

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Profitability & Margins

See what Sai Silks (Kalamandir) Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Capex for Varamahalakshmi stores is around INR 5,500 per square feet.
  • Expansion of Varamahalakshmi stores from IPO funds is ongoing as per schedule; 19 operational, 2 in progress, 3 to be implemented in H2.
  • Five Kalamandir small format stores are funded through IPO funds; any additional Valli stores beyond these will be funded internally.
  • Valli Silks format is being expanded quickly with lower capex—20-25% less than other formats; average store size 3,000-3,500 sq ft.
  • No current plan for franchisee-based or asset-light expansion; focus is on company-operated stores.

2 more points from Sai Silks (Kalamandir) Ltd's call on capex

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Top-ranked in Retailing

Ranked on what management guided this quarter

Guidance-ranked
1V2 Retail Ltd
Rev 1Mar 3
2Rentomojo
Rev 1Mar 3
3
Rev 2Mar 2
4
Rev 2Mar 2
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Sai Silks (Kalamandir) Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Relevant insights include: - The ethnic retail market showed healthy demand driven by wedding and festive seasons. - There is a strong pipeline of wedding dates supporting sales. - Bulk purchases and gifting have become significant sales drivers.

2 more points from Sai Silks (Kalamandir) Ltd's call on order book

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Sai Silks (Kalamandir) Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹419 Cr, net profit ₹33 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Sai Silks (Kalamandir) Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Sai Silks (Kalamandir) Ltd Q2 FY26 results?

Sai Silks targets annual revenue growth of 18% to 20% for the full year, higher than the initial 15% target which was already achieved in H1 (Page 12). Full-year annual growth targeted between 18% to 20%, up from an initial 15% target (Page 12).

What is Sai Silks (Kalamandir) Ltd share price analysis?

Sai Silks (Kalamandir) Ltd currently shows a neutral. The stock trades at a P/E of 9.8 with a market cap of ₹1,335 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sai Silks (Kalamandir) Ltd planning capital expenditure?

Capex for Varamahalakshmi stores is around INR 5,500 per square feet.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.