Siyaram Silk Mills Ltd
NSE:SIYSIL
Siyaram Silk Mills Ltd
Siyaram Silk Mills Ltd. engages in the business of manufacturing and marketing textile products. The company is headquartered in Mumbai, Maharashtra and currently employs 3,254 full-time employees. The firm is engaged in the business of manufacturing and marketing of yarn, fabrics, readymade garments, and other textiles products. Its businesses include fabrics, apparel, exports, home furnishing, institutional, yarns, and retail. The company offers a range of fabrics, which includes polyester viscose, polyester viscose blend, polyester viscose lycra, polyester cotton, wool linen, polyester viscose linen, polyester wool, and wool lycra. The company is engaged in home furnishing fabrics, which offers design from, including international, regional, ethnic, retro and contemporary. The company offers indigo products, which includes 100% cotton indigo dyed yarn, cotton-poly blended indigo dyed yarn, cotton/lycra indigo dyed yarn, cotton slub yarn indigo dyed yarn, and fancy indigo dyed yarn. The firm's brands include Siyaram's Suitings And Shirtings, Mistair, Royale Linen, Moretti, Miniature, and Unicode.
Siyaram Silk Mills Ltd. engages in the business of manufacturing and marketing textile products. The company is headquartered in Mumbai, Maharashtra and currently employs 3,254 full-time employees. The firm is engaged in the business of manufacturing and marketing of yarn, fabrics, readymade garments, and other textiles products. Its businesses include fabrics, apparel, exports, home furnishing, institutional, yarns, and retail. The company offers a range of fabrics, which includes polyester viscose, polyester viscose blend, polyester viscose lycra, polyester cotton, wool linen, polyester viscose linen, polyester wool, and wool lycra. The company is engaged in home furnishing fabrics, which offers design from, including international, regional, ethnic, retro and contemporary. The company offers indigo products, which includes 100% cotton indigo dyed yarn, cotton-poly blended indigo dyed yarn, cotton/lycra indigo dyed yarn, cotton slub yarn indigo dyed yarn, and fancy indigo dyed yarn. The firm's brands include Siyaram's Suitings And Shirtings, Mistair, Royale Linen, Moretti, Miniature, and Unicode.
Revenue Growth: Siyaram Silk Mills reported Q3 FY '26 total income of INR 639 crores, up 8.9% year-on-year.
PAT Decline: Profit after tax for the quarter was INR 42 crores, down from INR 46 crores in Q3 last year due to higher employee costs, increased marketing, and initial retail losses.
EBITDA Margin: Q3 EBITDA margin came in at 13.2%, with management maintaining annual EBITDA margin guidance at around 14%, excluding a 100-150 bps drag from new retail.
Store Expansion: The company added two ZECODE and five DEVO stores this quarter, targeting about 35 stores by year-end; store additions were deliberately slower in Q3 to focus on festive operations.
Retail Revenue: New retail business (ZECODE and DEVO) achieved INR 55 crores revenue in the nine months, with full-year guidance of INR 70–80 crores expected to be met.
Guidance Raised: FY '26 revenue growth guidance was increased from 10–12% to 12–15% owing to business momentum.
Dividend Announced: A second interim dividend of INR 3 per share was declared, reflecting management’s confidence.
Export Commentary: Exports make up about 10% of turnover; management sees growth potential supported by favorable government policies and FTAs.
