Siyaram Silk Mills earnings calls.

Siyaram Silk Mills reported a 9% YoY revenue growthCurrent 9% YoY revenue growth. Reported change: Steady volume growth. to Rs 639 crore in Q3 FY26, driven by festive season demand despite customer caution. EBITDA margin contracted 90bpsCurrent reported value: EBITDA margin contracted 90bps. No comparable prior figure is available in the source record. to 13.2% due to one-time labor code implementation costs (~Rs 10-12 crore), elevated advertising spend, and losses from the nascent retail business. PAT declined 8.7% YoYCurrent reported value: 8.7% YoY. No comparable prior figure is available in the source record. to Rs 42Current reported value: 42. No comparable prior figure is available in the source record. crore. The company operates a diversified revenue mix (Fabrics 78%, Garments 15%, Yarn & Others 7%) and is aggressively expanding its Zcode and DEO retail brands—targeting 35 store additions in FY26Current reported value: 35 store additions in FY26. No comparable prior figure is available in the source record. (22 already opened). Management upgraded full-year revenue guidance to 12-15% growthCurrent reported value: 12-15% growth. No comparable prior figure is available in the source record. from 10-12%, maintaining ~14% EBITDA margin target. Risks include consumer spending fragility, prolonged retail losses (150bps EBITDA drag), and elevated working capital requirements. Q4 typically is the strongest quarter; management expects improved operational performance and to stay within annual guidance.