Siyaram Silk Mills Q4 net profit rises 4 percent to Rs 72 crore

Siyaram Silk Mills Ltd reported a 4 percent increase in net profit to Rs 72 crore ($8.5 million) for the fourth quarter ended March 31, as against Rs 69 crore in the year-ago quarter.

The company’s revenue for the quarter rose by 14 percent to Rs 736 crore, as against Rs 648 crore in the corresponding quarter of the previous fiscal year.

For the full financial year, the company’s net profit stood at Rs 197 crore on a sales revenue of Rs 2,222 crore.

Commenting on the results, Gaurav Poddar, executive director of Siyaram Silk Mills in a statement said, “Consumer confidence in India is steadily improving, with positive signs visible in both urban and rural areas. Demand is expected to pick up, driven by factors such as increasing disposable income, easing inflation, and optimistic economic outlook. With private consumption expected to continue its upward trajectory, the sector is well positioned to capitalize on the evolving needs and preferences of the consumers.”

“As we step into the next financial year, we are filled with optimism, supported by a favourable market outlook and strong inventory management that will drive our growth,” he added.

During the financial year, the company opened 12 Zecode and 7 Devo stores. It plans to open 35 stores across both brands in financial year 2026.