Sai Silks (Kalamandir) has reported robust Q2 FY2026 results with a standout profit of ₹40.08 crore and revenue of ₹444 crore, marking significant year-on-year growth driven by strong operational performance and strategic expansion. The company aims for further growth with plans to open over 100 stores by FY27.
Sai Silks, a leading South Indian ethnic wear retailer, delivered strong financial results for the quarter ended September 30, 2025. The company posted a net profit of ₹40.08 crore, up 68.59% from the same quarter last year. Revenue from operations reached ₹444 crore, up 27.93% year-on-year, reflecting steady demand for its premium ethnic wear offerings.
The first half of FY2026 saw revenue of ₹823.35 crore, a 33.96% increase from the prior year, with EBITDA and PAT margins also showing healthy improvement. The company is executing an expansion plan targeting over 100 stores across multiple states by FY27, aiming for ₹4,500 crore revenue. It currently operates 74 stores spread across Tamil Nadu, Karnataka, Telangana, Andhra Pradesh, and other regions.
Sai Silks' multi-brand strategy—including Kalamandir, Mandir, Vara Mahalakshmi, KLM Fashion Mall, and Valli—has helped broaden its market reach. The company aims to boost EBITDA margins to 13-14% with an omni-channel approach and premium product portfolio enhancement.
Important Points:
-
Q2 FY2026 revenue: ₹444 crore (27.93% YoY growth)
-
Q2 FY2026 net profit: ₹40.08 crore (68.59% YoY growth)
-
H1 FY2026 revenue: ₹823.35 crore (33.96% YoY growth)
-
Current stores: 74; target 100+ stores by FY27
-
Expansion across Tamil Nadu, Karnataka, Telangana, Andhra Pradesh
-
Focus on omni-channel growth and premium product portfolio
-
Healthy improvement in EBITDA and PAT margins
These results reflect solid operational strength and a promising growth trajectory for Sai Silks (Kalamandir) in the Indian ethnic wear market.
Sources: Reuters, ScanX Trade, Capital Market, Moneycontrol, Angel One