Siyaram Q1 Revenue Up 21% To Rs 400 Cr.

Siyaram Silk Mills Ltd., a leading Indian textile brand, reported a 21.1% YoY increase in total income to Rs 400 crore for Q1 FY26, up from Rs 331 crore in the same quarter last year. Growth was led by steady performance in fabrics, garments and yarn segments.

Despite higher revenues, EBITDA stood at Rs 33 crore, down marginally from Rs 34 crore last year, with margins at 8.2%. Profit after tax dropped to Rs 5 crore, compared to Rs 12 crore in Q1 FY25, primarily due to lower other income and seasonal retail weakness.

The revenue mix comprised 76% from fabrics, 13% from garments, and 11% from yarn and others. The company attributed the subdued retail demand to the early onset of monsoons, which affected seasonal buying behaviour.

Continuing its retail expansion strategy, Siyaram’s opened 4 ZECODE and 3 DEVO stores during the quarter, bringing the total to 16 ZECODE and 10 DEVO outlets. The company aims to open around 35 stores across both brands by the end of FY26, funded through internal accruals.

Commenting on the Q1 results, Gaurav Poddar, Executive Director, Siyaram Silk Mills Ltd. said, “Retail demand remained flat in Q1 FY26 due to the early onset of monsoon impacting seasonal buying patterns. We expect consumer demand to recover during the festive season and are confident of delivering stronger performance and long-term value.”