Sai Silks

Sai Silks delivered a mixed Q4 FY26 with revenue of ₹419 croreCurrent reported value: ₹419 crore. No comparable prior figure is available in the source record. (+5.1Current reported value: 5.1. No comparable prior figure is available in the source record.% YoY) and PAT of ₹32.65 croreCurrent reported value: ₹32.65 crore. No comparable prior figure is available in the source record. (+140Current reported value: 140. No comparable prior figure is available in the source record.% YoY), driven by gross margin expansion (+37bps to 42.08%) and cost controls. Full-year revenue grew 13.1%Current reported value: 13.1%. No comparable prior figure is available in the source record. to ₹1,654 croreCurrent reported value: ₹1,654 crore. No comparable prior figure is available in the source record. with EBITDA margin expanding 128bps to 15.76%. Growth was led by the Vara Mahalakshmi format (52%Current 52%. Reported change: +2pp YoY. of sales) and strong performance in Karnataka (+27%) and Andhra Pradesh (+15%), while Telangana remained soft due to KM format decline. Management guided for ~100,000 sq ft of retail addition in FY27 (20%+ YoY), same-store sales growth of 3-5%, and EBITDA margin improvement of at least 50bps to ~17.5-18%. Key risk: aggressive expansion into new states (e.g., Maharashtra) could pressure margins and execution bandwidth.