Sai Silks (Kalamandir) Limited inaugurated its 66th store under the Kanchipuram Varamahalakshmi Silks brand in Adyar, Chennai, Tamil Nadu, on December 29, 2024. This expansion aligns with the company’s strategy to strengthen its market presence and cater to the growing demand for traditional silk apparel in South India.
The company, known for its premium silk sarees and ethnic wear, continues to focus on enhancing its footprint across key markets in India. The new store is expected to further drive customer engagement and boost sales in the region.
Meanwhile, Sai Silks’ shares traded lower on Friday. The stock was down by 2.16%, closing at ₹166.25, compared to the previous close of ₹169.92. The stock recorded an intraday high of ₹172.80 and a low of ₹166.00. Sai Silks currently has a market capitalization of ₹2.46K crore, a P/E ratio of 28.03, and a dividend yield of 0.60%. Over the past 52 weeks, the stock has ranged between ₹143.92 and ₹294.40.
This development comes as Sai Silks maintains its focus on expansion and innovation in the textile sector.
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