Sai Silks (Kalamandir) (KALAMANDIR) investor relations material

Executive summary

• Q1 FY 2027 revenue from operations was ₹375.08 crore, nearly flat year-over-year, impacted by Adhik Maas and weak discretionary demand.

• Operates 83 stores across 24 cities in South India, focusing on ethnic wear and value fashion with five differentiated brand formats.

• Strong omnichannel presence, serving customers both offline and online, with significant e-commerce reach across 25 states and 6 UTs.

• Unaudited financial results for the quarter ended June 30, 2026, were approved and reviewed by the Board and statutory auditors.

• The Board fixed August 3, 2026, as the record date for a final dividend of Rs.1.50 per equity share, subject to shareholder approval.

Financial highlights

• Gross margin for Q1 FY 2027 was 41.93%-42%, nearly flat year-over-year.

• EBITDA for Q1 FY 2027 was ₹51.85 crore (13.83% margin), down 9.23% year-over-year.

• Net profit for Q1 FY 2027 stood at ₹20.87 crore, compared to ₹32.65 crore in Q1 FY 2026.

• Same-store sales declined by 7.5%-7.8%, mainly due to lower footfall and cautious consumer sentiment.

• Employee costs in Q1 were ₹52 crore, lower than Q4 due to seasonal bonuses and temporary staffing in prior quarters.

Outlook and guidance

• Full-year revenue growth guidance maintained at 12%-15%, with expectations of improved EBITDA margins and positive SSSG for the year.

• Focus on leveraging technology, expanding omnichannel capabilities, and maintaining a cluster-based expansion model to drive future growth.

• Targeting net retail space addition of approximately 1 lakh sq ft in FY 2027, with possible upside depending on Q4 execution.

• Management expects demand to recover in H2, driven by festive and wedding seasons.