Adani Ports PAT Soars 29% to ₹3,120 Cr in Q2 FY26
04 Nov 2025
Siyaram Silk Mills Q2 FY26 financial results analysis with strong performance across fabric and garments segments
₹ 826
+6.86% increased today
04 Nov - close price
Financial Performance Overview
Mumbai, India, November 4, 2025: Siyaram Silk Mills Limited (BSE: 503811, NSE: SIYSIL), one of India's leading producers of blended high fashion suitings, shirtings and apparels, announced its unaudited financial results for the quarter and half year ending September 30, 2025, delivering strong performance across all business segments.
Key Financial Highlights (Q2 FY26 - Standalone)
Total Income
₹743 Cr
+18.1% YoY
EBITDA
₹145 Cr
+31.1% YoY
PAT
₹87 Cr
+27.2% YoY
EBITDA Margin
19.5%
+193 bps YoY
PAT Margin
11.7%
+84 bps YoY
EPS
₹19.2
Strong Growth
Quarterly Performance Comparison (Standalone)
| Financial Metric | Q2 FY26 | Q2 FY25 | YoY Change | Performance |
|---|---|---|---|---|
| Total Income (₹ Cr) | 743 | 629 | +18.1% | Excellent |
| EBITDA (₹ Cr) | 145 | 110 | +31.1% | Outstanding |
| PAT (₹ Cr) | 87 | 68 | +27.2% | Strong |
| EBITDA Margin | 19.5% | 17.5% | +193 bps | Improving |
| PAT Margin | 11.7% | 10.9% | +84 bps | Improving |
Half Yearly Performance (H1 FY26)
| Financial Metric | H1 FY26 | H1 FY25 | YoY Change |
|---|---|---|---|
| Total Income (₹ Cr) | 1,143 | 960 | +19.1% |
| EBITDA (₹ Cr) | 177 | 145 | +22.7% |
| PAT (₹ Cr) | 92 | 80 | +13.9% |
| EBITDA Margin | 15.5% | 15.1% | +40 bps |
Management Commentary
Executive Director Statement - Mr. Gaurav Poddar
Business Segment Performance
Revenue Mix Analysis (Q2 FY26)
Fabric Segment
77%
Core Business
Garments Segment
15%
Growing Segment
Yarn & Others
8%
Supporting Business
Retail Expansion Progress
ZECODE Stores
23
+7 in Q2
DEVO Stores
12
+2 in Q2
Total Stores
35
FY26 Target
All store expansions funded through internal accruals, demonstrating strong financial health and cash flow generation.
Key Performance Highlights
Operational Excellence Metrics
Stock Performance & Key Metrics
Siyaram Silk Mills Stock Analysis
Market Cap
₹3,749 Cr
Current Price
₹826
52W High / Low
₹1,175 / ₹555
Stock P/E
17.9
Industry P/E
22.1
Book Value
₹299
Dividend Yield
1.45%
ROCE
20.4%
ROE
16.4%
Face Value
₹2.00
EPS
₹46.3
Debt to Equity
0.30
Total Debt
₹413 Cr
About Siyaram Silk Mills Limited
Company Overview
Siyaram Silk Mills Limited was incorporated in 1978 and is headquartered in Mumbai, India. The Company benefits from having resilient serving portfolios of brands within India. Siyaram Silk Mills Limited is amongst India's most renowned brands and marketers of fabrics, readymade garments, and other textiles products.
🎯 Business Highlights
Overall Performance Assessment: Siyaram Silk Mills delivered an exceptional Q2 FY26 performance with 18.1% revenue growth and 27.2% PAT growth, demonstrating strong execution across its diversified business portfolio. The company achieved significant margin expansion with EBITDA margin improving by 193 bps to 19.5%, driven by improved product mix and cost efficiencies. The retail expansion continues with 9 new stores added in Q2, keeping the company on track to achieve its FY26 target of 35 stores. The stock trades at a P/E of 17.9, which is below the industry average of 22.1, presenting potential valuation opportunity given the company's strong growth trajectory, healthy return ratios (ROCE 20.4%, ROE 16.4%), and conservative debt profile (Debt to Equity 0.30).
"In Q2 FY26, we witnessed healthy growth momentum supported by favourable consumer demand and a positive macroeconomic environment. The early onset of the festive season led to improved buying sentiment across key markets, driving higher sales volumes and better realizations."
"Total income for Q2FY26 stood at ₹743 crores, compared to ₹629 crores in Q2FY25, reflecting a y-o-y growth of 18.1%. EBITDA for the quarter stood at ₹145 crores, up 31.1% y-o-y from ₹110 crores. The EBITDA margin improved to 19.5%, compared to 17.5% in Q2 FY25, led by improved product mix and cost efficiencies. PAT rose to ₹87 crores, marking a 27.2% y-o-y growth."
"Our retail expansion continues to progress well. With the addition of 7 new ZECODE and 2 DEVO stores in Q2FY26, we now operate 23 ZECODE and 12 DEVO outlets. We remain on track to achieve our target of opening around 35 stores across both brands by FY26, funded entirely through internal accruals."
"Looking ahead, we expect sustained consumer momentum, stable macroeconomic tailwinds, rising disposable income and the recent GST rate cut, which is likely to further boost consumer sentiment and discretionary spending in the apparel segment."