Siyaram Silk Mills Limited — Investor Meet, 05-11-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Siyaram Silk Mills Limited recently held an earnings call discussing its Q2 FY25 results and growth strategies. Despite sluggish demand due to reduced discretionary spending, the company is optimistic about improved sales driven by the festive season. They announced the launch of new retail brands, ZECODE and DEVO, targeting fast fashion and ethnic wear, with plans to open 30 stores by March 2025. An interim dividend of INR 4 per share was declared, and they will issue cumulative redeemable preference shares to reward shareholders.