The Board of Directors of Sai Silks (Kalamandir) Limited (NSE:KALAMANDIR) met on 15 July 2026 and approved unaudited financial results for the quarter ended 30 June 2026, reporting a net profit of Rs 25.64 crore. The board also fixed 3 August 2026 as the record date for a final dividend of Rs 1.50 per equity share of face value Rs 2 each, subject to shareholder approval at the 18th Annual General Meeting scheduled for 10 August 2026.
Key Highlights
- The board approved unaudited financial results for Q1 FY27 (quarter ended 30 June 2026) as recommended by the Audit Committee and reviewed by statutory auditors, who issued an unmodified opinion.
- Revenue from operations for Q1 FY27 stood at Rs 375.08 crore, compared to Rs 419.06 crore in Q4 FY26 and Rs 384.71 crore in Q1 FY26.
- Net profit for Q1 FY27 was Rs 25.64 crore, against Rs 32.65 crore in Q4 FY26 and Rs 30.06 crore in Q1 FY26.
- The board fixed 3 August 2026 as the record date for payment of a final dividend of Rs 1.50 per equity share (face value Rs 2 each), subject to shareholder approval.
- The 18th Annual General Meeting is scheduled for 10 August 2026 at 11:30 AM through video conference or other audio-visual means.
- The board approved the reappointment of M/s Sagar and Associates, Chartered Accountants (FRN 003510S), as statutory auditors for a second consecutive term of five years, from the conclusion of the 18th AGM to the conclusion of the 23rd AGM, subject to shareholder approval.
- As of 30 June 2026, the company had utilised Rs 539.47 crore of the Rs 566.24 crore raised through its IPO, leaving Rs 26.77 crore unutilised.
About the Company
Sai Silks (Kalamandir) Limited (NSE:KALAMANDIR, BSE:543989) is a Hyderabad-based textile retailer engaged in the buying and selling of textile and textile articles, operating predominantly under the Kalamandir brand. The company is classified under a single business segment per Ind AS 108 and operates retail stores across South India, with a focus on ethnic wear and sarees. It completed its Initial Public Offering on 27 September 2023, listing on both BSE and NSE. The company is headquartered at Ameerpet, Hyderabad, Telangana, and has CIN: L52190TG2008PLC059968. It has no subsidiaries, associates, or joint ventures as of 30 June 2026.
Announcement in Detail
The board meeting commenced at 1:00 PM and concluded at 2:50 PM on 15 July 2026. The board approved unaudited financial results for Q1 FY27 prepared in accordance with Indian Accounting Standard 34 (Interim Financial Reporting), notified under Section 133 of the Companies Act, 2013, and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s Sagar and Associates, issued an unmodified limited review report on these results.
On financial performance, revenue from operations for Q1 FY27 was Rs 375.08 crore, with total income at Rs 380.77 crore. Total expenses for the quarter were Rs 346.36 crore, yielding profit before tax of Rs 34.41 crore. After current tax of Rs 8.77 crore and a deferred tax credit of Rs 0.63 crore, net profit stood at Rs 25.64 crore. Basic and diluted earnings per share for Q1 FY27 were Rs 1.74 each (not annualised). For the full year ended 31 March 2026, net profit was Rs 140.92 crore on revenue from operations of Rs 1,653.67 crore.
The board fixed 3 August 2026 as the record date for the final dividend of Rs 1.50 per equity share (face value Rs 2), subject to shareholder approval at the 18th AGM on 10 August 2026. The board also approved the Directors Report for FY26, the AGM notice with e-voting schedule, and the appointment of a scrutiniser for the electronic voting process. Reappointment of M/s Sagar and Associates, established in 1989 with over 35 years of experience and empanelled with RBI and C&AG, for a second five-year statutory audit term was also approved, effective from the conclusion of the 18th AGM, subject to shareholder approval.
Impact on Investors
Investors will note that the board has fixed 3 August 2026 as the record date for a final dividend of Rs 1.50 per equity share. Shareholders holding shares on or before this date will be eligible for the dividend, subject to approval at the 18th AGM on 10 August 2026. The filing shows that the paid-up equity share capital stands at Rs 29.47 crore (face value Rs 2 per share), implying a broad shareholder base entitled to the distribution. The statutory auditors issued an unmodified opinion on the quarterly results, which shareholders will observe as a standard compliance signal.
The disclosed terms indicate that net profit for Q1 FY27 at Rs 25.64 crore is lower than both Q4 FY26 (Rs 32.65 crore) and Q1 FY26 (Rs 30.06 crore), a factor investors will note when assessing quarterly trends. Revenue from operations at Rs 375.08 crore also declined compared to the prior quarter and the corresponding quarter of the previous year. The IPO proceeds utilisation statement shows Rs 26.77 crore remaining unutilised as of 30 June 2026, with warehouse capital expenditure the largest remaining component at Rs 20.27 crore. Investors should review the full exchange filing for complete disclosures on utilisation timelines.
Sector / Market Context
The Indian organised textile retail sector has seen increased participation from listed players following a wave of IPOs in the consumer discretionary space since FY23. The ethnic wear and saree segment, in which Sai Silks (Kalamandir) Limited primarily operates, is concentrated in South India and is subject to seasonal demand patterns, with key festivals and wedding seasons driving higher footfall. Regulatory oversight of listed retailers has increased, with SEBI's LODR Regulations requiring timely disclosure of financial results and material events.
The Indian retail sector, according to data cited by industry bodies such as FICCI and CII, continues to see a gradual shift from unorganised to organised formats, particularly in apparel and ethnic wear categories. For listed companies in this space, quarterly result disclosures, dividend announcements, and AGM schedules are material events that inform investor understanding of operational progress and capital allocation discipline. The company's IPO, completed in September 2023 at an issue price of Rs 222 per share and raising approximately Rs 1,201 crore, marked its entry as a publicly listed entity subject to full SEBI disclosure norms.