Q3-FY26 · Gorak Gosalia
In the third quarter of FY26, we saw demand pick up at the start of the festive season. However, as the quarter went on, customers stayed cautious with their spending and footfall remained moderate.
Siyaram Silk Mills · tone and specificity signals across the available quarters.
Language signals
In the third quarter of FY26, we saw demand pick up at the start of the festive season. However, as the quarter went on, customers stayed cautious with their spending and footfall remained moderate.
There is a one-time cost of employee cost because of the new labor code and there is some increase in advertising and sales promotion. So this is both these put together is roughly 10-12 crores extra.
We have always mentioned that we are not chasing numbers in terms of store openings but we want to work on efficient operating models and that is what I think as a strategy we'll continue to do and use our capital wisely and prudently.