Whalesbook
Sai Silks (Kalamandir) Limited has released its audited financial results for the fiscal year ending March 31, 2026. The company reported revenue from operations of ₹1,653.67 Crores and a Profit After Tax of ₹140.92 Crores. Profit Before Tax for the period stood at ₹189.55 Crores.
The company's board has recommended a final dividend of ₹1.50 per equity share for FY25-26, subject to shareholder approval at the upcoming Annual General Meeting.
In significant leadership changes, Bharadwaj Rachamadugu has been appointed as the new Chief Executive Officer. Sridevi Dasari has also joined the board as an Additional Director. Separately, Sirisha Chintapalli has resigned as an Independent Director.
These results follow the company's Initial Public Offering (IPO) in September 2023, which raised approximately ₹1200 Crores. Sai Silks (Kalamandir) Limited currently retains ₹39.38 Crores in unutilised IPO proceeds, which could be allocated for future investments or strategic initiatives.
As a prominent South Indian ethnic wear retailer, Sai Silks operates in a competitive market alongside players such as Vedant Fashions (Manyavar) and TCNS Clothing, who are also focused on expanding their share in India's growing occasion wear segment.
Investors will be tracking several key points: the shareholder approval of the final dividend, the strategic direction under the new CEO, plans for the remaining IPO funds, and the progress of store expansion initiatives.