Sai Silks (Kalamandir) Q1 FY27 Results: Net Profit Declines 14.7% YoY to ₹25.64 Crore Amid Marginally Lower Operations

Sai Silks (Kalamandir) Limited (NSE: KALAMANDIR | BSE: 543989), one of South India's premier ethnic apparel retailers, today announced its unaudited financial results for the first quarter of fiscal year 2027 (Q1 FY27) ended June 30, 2026.

The Hyderabad-headquartered company, known for its flagship ethnic wear brands including Kalamandir, Kancheepuram Varamahalakshmi Silks, and KLM Fashion Mall, reported a year-on-year drop in profit margins for the quarter, influenced by rising overhead expenses and flat sales growth.

Key Financial Highlights (Q1 FY27 vs. Q1 FY26)

Revenue from Operations: Stood at ₹375.08 crore compared to ₹379.02 crore in Q1 FY26, down slightly by 1.04%. Sequentially, revenue dropped by 10.5% from ₹419.06 crore in the preceding quarter (Q4 FY26).

Total Income: Reached ₹380.77 crore, down 1.02% compared to ₹384.71 crore in the corresponding period last year.

Net Profit After Tax (PAT): Decreased 14.7% to ₹25.64 crore compared to ₹30.06 crore in Q1 FY26. Sequentially, PAT fell by 21.5% from ₹32.65 crore.

Earnings Per Share (EPS): Basic and diluted EPS for the quarter dropped to ₹1.74 (face value of ₹2 per share) from ₹2.04 in Q1 FY26.

Operational Expenses and Margins Under Pressure

The reduction in profitability was primarily driven by elevated procurement costs and higher administrative/other expenses:

Total Expenses: Crept up slightly to ₹346.36 crore in Q1 FY27 from ₹344.47 crore in Q1 FY26, despite lower employee outlays.

Purchases of Stock-in-Trade: Rose to ₹280.40 crore from ₹269.85 crore in the year-ago period.

Changes in Inventories: Registered at -₹62.60 crore compared to -₹50.29 crore in Q1 FY26.

Overhead Outlays: While employee benefit expenses marginally dropped to ₹52.50 crore (down from ₹53.21 crore), other expenses rose to ₹52.93 crore (up from ₹49.13 crore). Depreciation and amortization also increased to ₹14.84 crore from ₹14.20 crore.

Tax Expense & Margins:

The company's Profit Before Tax (PBT) stood at ₹34.41 crore in Q1 FY27, down 14.5% from ₹40.24 crore in Q1 FY26. Total tax expenses for the quarter fell to ₹8.77 crore (comprising current tax of ₹9.40 crore offset by a deferred tax credit of -₹0.63 crore), compared to ₹10.18 crore in the corresponding period of the previous fiscal.

For the quarter, Sai Silks reported a Total Comprehensive Income of ₹24.20 crore after adjusting for defined benefit plan remeasurements and other minor components, compared to ₹30.39 crore in Q1 FY26. Paid-up equity share capital remained unchanged at ₹29.47 crore.

Shares of Sai Silks Kalamandir Limited was last trading in BSE at Rs. 96.75 as compared to the previous close of Rs. 99.25. The total number of shares traded during the day was 306428 in over 2197 trades.

The stock hit an intraday high of Rs. 102.25 and intraday low of 94.50. The net turnover during the day was Rs. 30570251.00.

Source : Equity Bulls

Keywords

SaiSilksKalamandir INE438K01021 SpecialityRetail VaramahalakshmiSilks Q1FY27 Q1FY2027 ResultUpdate