Siyaram Silk Mills Ltd
Siyaram Silk Mills Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #34 of 41 in Textiles & Apparels
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The short version
Siyaram Silk Mills targets overall revenue growth of 10% to 12% for FY '26, including its new retail businesses. The company maintains a conservative full-year revenue growth guidance of 10% to 12% despite strong Q1 growth of 21%, attributing the high Q1 growth to a low base.
From Siyaram Silk Mills Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Siyaram Silk Mills targets overall revenue growth of 10% to 12% for FY '26, including its new retail businesses.
- Fabric segment volume growth was approximately 20%, and garment segment volume growth was around 18% in Q1 FY '26.
- Expansion of new retail brands ZECODE and DEVO is expected to increase their contribution from the current ~3% of overall revenue.
- Company plans to open about 35 stores across both brands during FY '26, focusing on cluster-based expansion in Karnataka for ZECODE and North India for DEVO.
- Management remains optimistic about stronger demand during the upcoming festive season, anticipating improved consumer sentiment and purchasing.
2 more points from Siyaram Silk Mills Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Siyaram Silk Mills Limited is focused on expanding its retail footprint with a target of opening approximately 35 stores across its two brands, ZECODE and DEVO, in the financial year 2025-26.
- As of Q1 FY '26, 7 stores have been opened, aiming to complete all 35 by year-end, with some stores signed and others in the process of signing.
- The expansion is funded through the company’s free cash flow; no additional debt is planned for these investments.
2 more points from Siyaram Silk Mills Ltd's call on capex
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Top-ranked in Textiles & Apparels
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Siyaram Silk Mills Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Management focused on store openings, operational efficiency, and retail expansion rather than order book metrics.
- The company is targeting to open 35 stores during the financial year '26, with 26 already opened by the time of the call.
- There was a mention of new retail business revenue guidance of approximately INR 75-80 crores for the year.
- Discussions primarily revolved around growth strategies, market demand, store performance, and integration of new businesses rather than order backlog or pending orders data.
Siyaram Silk Mills Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹814 Cr, net profit ₹74 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Siyaram Silk's management said in earlier quarters
Others in Textiles & Apparels this season
- Lux Industries (Q1 FY26)
268.3 crores, up 22% YoY (Q1 FY’25: Rs. Key concall takeaways from Lux Industries Ltd's Q1 FY26 earnings call — and how it ranks against sector peers.
- K P R Mill Ltd (Q1 FY26)
Revenue from operations for Q1FY26: ₹1,766.27 Cr (Page 7) . Key concall takeaways from K P R Mill Ltd's Q1 FY26 earnings call — and how it ranks against sector…
- Trident (Q1 FY26)
Total Income for Q1FY26 (Standalone) was INR 17,199 million, a 1.70% decrease YoY from Q1FY25's INR 17,496 million (Page 25, 20). Key concall takeaways from…
- Sangam India (Q1 FY26)
803 crore, up 15% YoY from Rs. Key concall takeaways from Sangam (India) Ltd's Q1 FY26 earnings call — and how it ranks against sector peers.
Potential multibaggers · Q2 FY27
Potential multibaggers in Textiles & Apparels
on management's own guidance
- Strong growth2
- Strong growth1
- Sumeet IndustrieGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Siyaram Silk Mills Ltd Q1 FY26 results?
Siyaram Silk Mills targets overall revenue growth of 10% to 12% for FY '26, including its new retail businesses. The company maintains a conservative full-year revenue growth guidance of 10% to 12% despite strong Q1 growth of 21%, attributing the high Q1 growth to a low base.
What is Siyaram Silk Mills Ltd share price analysis?
Siyaram Silk Mills Ltd currently shows a neutral. The stock trades at a P/E of 12.2 with a market cap of ₹2,892 Cr. Investors should review the full earnings analysis for detailed insights.
Is Siyaram Silk Mills Ltd planning capital expenditure?
Siyaram Silk Mills Limited is focused on expanding its retail footprint with a target of opening approximately 35 stores across its two brands, ZECODE and DEVO, in the financial year 2025-26. - As of Q1 FY '26, 7 stores have been opened, aiming to complete all 35 by year-end, with some stores signed and others in the process of signing. - The expansion is funded through the company’s free cash flow; no additional debt is planned for these investments. - The stores are a mix of sizes, with a preference for larger (6,000-10,000 sq.
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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.
