What was Sai Silks's revenue in Q4 FY26?

Sai Silks reported revenue of ₹419 Cr in Q4 FY26, a +5.1% change year-over-year.

Did Sai Silks management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Sai Silks Q4 FY26 Research Workspace: Revenue ₹419 Cr (+5.1%)

Q: What guidance did Sai Silks management give?

Net retail space addition of ~100,000 sq ft in FY27: Management expects at least 20% more square footage addition than FY26, targeting ~100,000 sq ft net addition, with potential upside after H1.

Revenue ₹419 Cr +5.1%

EBITDA —

PAT ₹33 Cr +140%

EBITDA Margin —

Duration 62 min

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2-Minute Summary

✦ AI-Generated from Full Transcript

Sai Silks delivered a mixed Q4 FY26 with revenue of ₹419 crore (+5.1% YoY) and PAT of ₹32.65 crore (+140% YoY), driven by gross margin expansion (+37bps to 42.08%) and cost controls. Full-year revenue grew 13.1% to ₹1,654 crore with EBITDA margin expanding 128bps to 15.76%. Growth was led by the Vara Mahalakshmi format (52% 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.

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Risk Intelligence

Slowdown in mature markets (Telangana/Andhra)

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Quarter Snapshot

Same-store sales growth (SSSG) 3%

+3pp YoY

Full-year SSSG for FY26 was +3%, with management expecting similar or slightly better in FY27.

Retail space addition (net) 69,000 sq ft

+78,600 sq ft gross, -9,600 sq ft reduction

FY26 net addition of 69,000 sq ft; FY27 target of ~100,000 sq ft net addition.

Vara Mahalakshmi format share of sales 52%

+2pp YoY

VML format now contributes 52% of total sales, driving margin expansion.

Inventory per square foot ₹10,480

-₹1,053 YoY

Inventory per sq ft reduced from ~₹11,533 in FY24 to ₹10,480 in FY26, improving efficiency.

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Guidance and risk preview

Top guidance Net retail space addition of ~100,000 sq ft in FY27

Management expects at least 20% more square footage addition than FY26, targeting ~100,000 sq ft net addition, with potential upside after H1.

Top risk Slowdown in mature markets (Telangana/Andhra)

Telangana revenue declined from ₹600cr in FY23 to ~₹500cr in FY26, and Andhra growth is slowing.