Sai Silks (Kalamandir) profit slips 14.7% as revenue dips 1% in muted quarter
The Kalamandir apparel retailer posted net profit of Rs 25.6 crore, down 14.7% YoY, while revenue eased 1% to Rs 375.1 crore, signalling demand pressure in the ethnic wear segment. The result surfaced in a broader market roundup alongside ITC Hotels earnings and GMR Airports' flat June passenger traffic.
Market roundup naming retail-relevant names: apparel retailer Sai Silks (Kalamandir) posted a 14.7% profit decline and 1% revenue dip; ITC Hotels reports earnings; GMR Airports shows muted June traffic; Ather Energy raises capital.
Why this matters
Sai Silks (Kalamandir) posts a rare profit and revenue decline, signalling softening demand in the ethnic wear apparel segment during a subdued quarter for retail earnings.
Retail-company signals accelerating, up 816800% QoQ.