Saraswati Saree Depot Ltd reviewed FY26 performance at its 6th AGM, reporting revenue of Rs 631.16 crore, EBITDA of Rs 37.81 crore and PAT of Rs 23.41 crore. The company remained net debt-free, reduced finance costs by 56%, and declared an interim dividend of Rs 1.515 per share. Management said FY27 priorities include working capital optimisation, margin improvement, retail expansion, growth in men's ethnic wear and evaluation of real estate opportunities.
Saraswati Saree Depot Reviews FY26 Performance, Outlines FY27 Growth Strategy
Revenue from Operations: Rs 631.16 crore
PAT: Rs 23.41 crore | Finance Costs Down 56% | Net Debt-Free
Reader Takeaway: Strong balance sheet supports expansion, but execution of new growth initiatives remains key.
What just happened
Saraswati Saree Depot Ltd held its 6th Annual General Meeting on September 18, 2026 through video conferencing, where shareholders reviewed the company's FY26 financial performance and management outlined its priorities for FY27.
The company reported revenue from operations of Rs 631.16 crore, EBITDA of Rs 37.81 crore and profit after tax of Rs 23.41 crore for FY26. Management highlighted that finance costs declined 56% during the year while the company maintained a net debt-free balance sheet.
The company also declared an interim dividend of Rs 1.515 per share.
Why this matters
A net debt-free position and lower finance costs improve financial flexibility for future expansion while reducing interest burden.
Management's FY27 strategy focuses on improving operating efficiency rather than pursuing aggressive debt-funded growth.
The backstory
During FY26, the company continued expanding its retail presence. Its 15,000 sq. ft. flagship retail outlet in Kolhapur, launched in June 2025, remained operational during the year.
The company also piloted a men's ethnic wear segment during the festive season as part of its product diversification strategy.
Shareholders had earlier approved an amendment to the Memorandum of Association, with 99.95% support, allowing the company to pursue real estate development as an additional business object.
What changes now
Management identified four major priorities for FY27:
- Improve working capital efficiency.
- Enhance operating margins.
- Expand the retail network.
- Scale the men's ethnic wear business while evaluating suitable real estate opportunities.
The AGM also considered routine corporate matters, including adoption of FY26 audited financial statements, reappointment of a retiring director, appointment of PPC & Co. as statutory auditors for five years, and reappointment of two independent directors.
Risks to watch
The statutory auditor's report contained one qualification, for which the Board presented its response during the AGM.
The Secretarial Auditor's report for FY26 remained unqualified.
Investors will monitor whether management can translate its retail expansion and diversification strategy into stronger revenue growth and margin improvement while preserving its debt-free position.
What to track next
Key developments for investors include progress in expanding the retail footprint, performance of the men's ethnic wear category, working capital improvements, margin trends and any updates on proposed real estate opportunities.