Siyaram Silk Mills Limited — Updates, 25-01-2025: Press Release

Siyaram Silk Mills Ltd has reported total income of ₹586 crore for Q3 FY25, up by 14.3% from ₹513 crore in Q3 FY24. The company's EBITDA grew 4.1% year-on-year to ₹83 crore, with an EBITDA margin of 14.1%, compared to 15.5% in the previous year. Profit After Tax (PAT) also saw a rise, reaching ₹46 crore, resulting in a PAT margin of 7.8%, down from 8.6% a year earlier. As part of its expansion strategy, Siyaram has signed agreements for 30 new retail stores in Tier I and II cities, with approximately 20 set to open by March 2025. The company introduced its new brands, ZECODE for fast fashion and DEVO for ethnic wear. Despite facing inflationary pressures impacting demand towards the quarter's end, the outlook remains positive as inflation shows signs of cooling down, supporting future growth potential. The company declared a second interim dividend of ₹3 per equity share for the financial year 2024-25.