Sai Silks (Kalamandir) Shares Soar 16.18% to ₹180.56 on Strong Q2 Performance and Aggressive Expansion

Mumbai, 3 October 2025: Shares of Sai Silks (Kalamandir) Limited (NSE: KALAMANDIR, BSE: 543989) surged sharply by 16.18% to ₹180.56 as of 12:36 p.m. IST, becoming one of the top performers on the NSE today. The rally follows the company’s robust business update for the second quarter of FY26, signalling significant growth in turnover and retail expansion across South India.

Headquartered in Hyderabad, Sai Silks (Kalamandir) Limited operates in the retail and ethnic wear industry, offering a wide range of silk sarees and premium traditional garments. The company has steadily expanded its footprint across Andhra Pradesh, Telangana, Tamil Nadu, and Karnataka, leveraging strong brand recognition and customer loyalty.

Stock Momentum Accelerates to ₹182.70 Amid Heavy Buying Activity

Sai Silks opened at ₹165.00 and touched an intraday high of ₹182.70, while the low stood at ₹164.12. With a market capitalisation of ₹2,660 crore, the company’s price-to-earnings ratio is 23.49, and it offers a quarterly dividend of ₹0.25 per share, reflecting steady investor interest. The surge was supported by active trading, with volumes indicating strong buying momentum against available sell orders, underscoring confidence in the company’s performance trajectory.

Q2 FY26 Turnover Jumps 28% YoY to ₹444 Crore, Driving Stock Upswing

Sai Silks reported a 28% year-on-year growth in turnover, reaching ₹444 crore in Q2 FY26 compared to ₹347 crore in the same period last year. For the first half of FY26, turnover climbed to ₹823 crore, up 34% YoY from ₹615 crore in H1 FY25. The growth has been attributed to sustained consumer demand for premium ethnic wear and strategic retail operations, boosting confidence in the company’s business fundamentals.

Expansion Strategy Propels Market Interest Across Andhra Pradesh and Telangana

During the quarter, Sai Silks aggressively expanded its retail footprint by opening five new stores:

• Kanchipuram Varamahalakshmi Silks, Tirupati, Andhra Pradesh – 7 August 2025
• Valli Silks, Nizampet, Hyderabad, Telangana – 9 August 2025
• Valli Silks, Attapur, Hyderabad, Telangana – 22 September 2025
• Valli Silks, Tirupati, Andhra Pradesh – 24 September 2025
• Valli Silks, Vijayawada, Andhra Pradesh – 29 September 2025

The company plans to add 10 more outlets, including six under the Kanchipuram Varamahalakshmi Silks brand and four under Valli Silks, targeting Tamil Nadu, Karnataka, Telangana, and Andhra Pradesh. This aggressive expansion strategy has reinforced the company’s position in the premium ethnic wear market, contributing to its stock performance.

Key Financial Metrics Highlight Growth Trajectory

Sai Silks’ Q2 FY26 financial results reflect strong operational performance:

• Q2 FY26 Turnover: ₹444 crore (+28% YoY) vs ₹347 crore in Q2 FY25
• H1 FY26 Turnover: ₹823 crore (+34% YoY) vs ₹615 crore in H1 FY25

The consistent growth demonstrates effective inventory management, increased footfall in newly opened stores, and rising demand for branded ethnic wear in South Indian markets.

Sai Silks’ Q2 performance and aggressive store expansion underline the company’s focus on capturing regional market share while meeting growing demand for premium ethnic wear. Its financial growth and operational strategies highlight a structured approach to scaling retail operations and enhancing brand visibility across South India.

REF: https://nsearchives.nseindia.com/corporate/SSKL_01102025161501_Q2BusinessUpdate.pdf

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