Sai Silks Kalamandir saw its sharpest single-day rally since listing, backed by strong trading volumes. Nearly 60 lakh shares were exchanged within the first 50 minutes of Friday’s trading session, compared with the 20-day average of just 91,000 shares. Despite the surge, the company’s stock continues to remain below its IPO issue price.
The company has reported a strong set of numbers for the September quarter, with turnover touching ₹444 crore, up 28% from ₹347 crore in the same period last year. For the first half of the current financial year, turnover stood at ₹823 crore, reflecting a year-on-year growth of 34%. This robust performance is attributed to both festive season demand and strategic expansion.
During the quarter, Sai Silks opened 5 new outlets, 1 Kanchipuram Varamahalaxmi Silks store in Tirupati and 4 Valli Silks outlets across Telangana and Andhra Pradesh, strengthening its retail network in key markets. The consistent rise in revenues signals strong brand recall in South India’s ethnic wear market, which continues to expand on the back of rising disposable incomes and wedding-related demand.
Looking ahead, Sai Silks Kalamandir has announced plans to open 10 additional stores in the near term. 6 of these will operate under the Kanchipuram Varamahalaxmi Silks format, with 2 stores in Karnataka, 3 in Tamil Nadu, and one in Telangana. Additionally, 4 more outlets will be launched under the Valli Silks format, with two each in Andhra Pradesh and Telangana.
Sai Silks Kalamandir is among South India’s most recognised ethnic apparel retailers, offering a wide range of premium silk sarees, ethnic wear, and bridal collections. Its multi-format presence, Kalamandir, Kanchipuram Varamahalaxmi Silks, Mandir, and Valli Silks, caters to diverse consumer segments across different price points.
With a strong focus on festive and wedding-related demand, the company continues to consolidate its position in the highly competitive ethnic wear market, while pursuing measured growth through store additions, deeper regional penetration, and brand visibility initiatives.
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As of October 3, 2025, at 1:23 PM, Sai Silks share price is trading at ₹183.79 per share, reflecting a surge of 18.26% from the previous day's closing price. Over the past month, the stock has surged by 3.57%. The stock's 52-week high stands at ₹201.59 per share, while its low is ₹113 per share.
Sai Silks Kalamandir’s robust revenue growth and strategic store expansions signal strong brand positioning in South India’s ethnic wear market. While the stock remains below IPO levels, continued retail network growth, festive demand, and multi-format presence enhance its long-term potential for sustained revenue and market share gains.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 3, 2025, 2:25 PM IST
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