Sai Silks (Kalamandir) Limited shares came under sharp selling pressure on Tuesday, sliding more than 4% in early trade after the company reported a weaker operating performance for the December quarter, weighed down by softer margins and moderation in demand. As of 9:34 AM IST, Sai Silks shares were trading 4.58% lower at ₹122.34.
Sai Silks Q3FY26 results
The ethnic apparel retailer reported a 17.4% year-on-year fall in consolidated net profit to ₹38 crore for the December quarter, compared with ₹46 crore in the corresponding period last year. Revenue from operations also declined 8.3% to ₹411 crore from ₹448 crore in Q3FY25, indicating softer demand conditions alongside higher operating costs.
Operating performance remained under pressure during the quarter. EBITDA declined 12.1% year-on-year to ₹69.8 crore from ₹79.4 crore a year earlier. Consequently, EBITDA margin narrowed to 17%, compared with 17.7% in the same quarter of the previous financial year, highlighting margin compression.
Profit before tax for Q3FY26 stood at ₹51.1 crore, down from ₹61.5 crore in the year-ago period. Earnings per share also saw a decline, coming in at ₹2.59 versus ₹2.72 reported in Q3FY25.
Nine-month performance
Despite the weak December quarter, Sai Silks delivered a stronger performance over the nine-month period ended December 31, 2025. The company reported a profit of ₹108.3 crore for the nine months, compared with ₹85.4 crore in the corresponding period last year, supported by a stronger showing in the first half of the financial year.
Revenue for the nine-month period increased to ₹1,234.6 crore, up from ₹1,063.2 crore a year earlier, reflecting better traction earlier in FY26 despite the recent slowdown.
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