Sahyadri Industries Limited — Updates, 06-02-2025: Press Release

Sahyadri Industries Limited reported a total income of ₹456.2 crore for the nine months ending December 2024, reflecting sluggish demand largely due to ongoing weaknesses in the rural economy and adverse weather conditions, including extended monsoons and cyclones affecting key regions. Although gross margin improved by 180 bps year-on-year to 43.7% due to stabilized raw material costs, the EBITDA margin suffered from rising ocean freight expenses. Capacity utilization decreased to 67% compared to 73% in the same period last year. The Managing Director noted that the company is poised for growth, anticipating a recovery in the rural economy, signaling a positive outlook as they aim to leverage emerging opportunities.