Sai Silks (Kalamandir) Ltd

- No immediate need for working capital borrowings is expected until the second half of FY 2028. - Current and upcoming store expansion and working capital requirements are planned to be fully funded through internal cash generations and unutilized IPO funds. - IPO funds (approximately INR 22 crores unutilized) are expected to be fully utilized by March 31, 2026, mainly for warehouse implementation and store expansion. - If any shortfall arises in the future during larger expansions, the company may consider working capital borrowings, but such need is not anticipated in the near term. - Overall, the company expects to fund expansion and working capital through internal resources without fresh equity or debt in the forthcoming periods.

- Store expansion for FY '27 planned at around 80,000 to 85,000 square feet, with more than 50% from Varamahalakshmi stores and the rest from Kalamandir and Valli formats. - Exploring new markets including Maharashtra and Kerala with active scouting underway. - Capital expenditure estimated at INR 4,000 to 5,500 per square foot for new stores. - Total funds required for expansion and working capital estimated at INR 12,000 to 15,000 per square foot, approx. INR 100+ crores for the year. - Existing IPO funds will be exhausted by FY '26 end; internal accruals currently funding expansion and working capital. - Working capital borrowings expected only if shortfall occurs, potentially from second half of FY '28. - Plans to set up 2 warehouses to support Tamil Nadu expansion, with implementation expected by March 31, 2026. - Focus on operational leverage and sustainable growth alongside capital deployment.

- Targeting 15% new store rollout in FY 2027, translating to about 1.2 lakh square feet addition. - Aim for 5% same-store sales growth (SSSG), combining for a total revenue growth target of 20%. - Expect 15%-20% overall top line growth in the next financial year, driven by better wedding dates and store expansion. - Wedding dates for FY 2027 are more evenly spread and around 10% higher than the current year, supporting steady demand. - Growth to come from three drivers: new store additions, improving SSG beyond 3%, and maturation of existing stores enhancing productivity. - Men's and kids' wear categories are being realigned for better growth, while sarees remain a strong revenue contributor. - Margins expected to improve with operational leverage kicking in alongside revenue growth.

- The company targets 15%-20% top-line growth for FY27, driven by a 5% Same Store Sales Growth (SSSG) and 15% new store rollout. - EBITDA margins are expected to improve, targeting 17%-18% for FY27, largely due to expansion of the Varamahalakshmi format and product mix changes. - Operational leverage is expected to continue, with a 35% jump in profitability projected compared to the previous year. - PAT has already surpassed last year's full-year figure in the first nine months, with a PAT margin improvement of 200 basis points to approximately 8.77%. - Expansion and higher maturity of existing stores will drive improved productivity and margins. - Advertising and business promotion expenses will be managed efficiently, with combined spends targeted under 4%, supporting margin expansion. - The company expects more aggressive profitability growth compared to top-line growth by Q4 FY26 and in coming years.

The transcript provided from Sai Silks (Kalamandir) Limited's Q3 FY 2025-26 conference call does not mention any details regarding current or expected order book or pending orders. The discussion primarily covers: - Revenue growth and profitability trends - Same-store sales growth (SSSG) in various formats - Store expansion plans across different formats and geographies - Advertisement and other operating expenses - Working capital and funding for expansion - Seasonal impacts including wedding calendar trends - Margin outlook and business segment performance No specific information on order book status or pending orders is disclosed in the transcript.