SAI SILKS (KALAMANDIR) L

During the earnings conference call held on July 16, 2026, management discussed the financial performance for Q1 FY 2026-27, reporting a revenue from operations of INR 375 crores, nearly flat compared to INR 379 crores in the same quarter last year. Management attributed the subdued performance to the Adhik Maas period, which traditionally affects consumer spending on major purchases. Same-store sales saw a decline of 7.5%, and EBITDA margins decreased by 1%. Despite these challenges, gross margins remained stable at around 42%. The company continued its expansion, adding approximately 30,000 square feet of retail space, bringing the total to 83 stores across four states. Management emphasized the importance of evaluating performance on an annual basis due to the seasonal nature of the business. They maintained a revenue growth guidance of 12-15% for the full year, while also noting the impact of external factors such as geopolitical issues and weather conditions on consumer demand.

Management highlighted both challenges and ongoing expansion efforts during the call.