Siyaram Silk Mills’ Q4, FY25 net profit rises by 4% to Rs 72 crore
Siyaram Silk Mills’ Q4, FY25 net profit increased by 4 per cent to Rs 72 crore ($8.5 million) as against Rs 69 crore in the corresponding quarter a year ago.
The company’s revenue also rose by 14 per cent to Rs 736 crore during the quarter as against Rs 648 crore in the corresponding quarter of the previous fiscal year.
For full FY25, Siyaram Silk Mills reported a net profit of Rs 197 crore while the company’s revenue increased to Rs 2,222 crore.
Gaurav Poddar, Executive Director, Siyaram Silk Mills says, consumer confidence in India is steadily improving with positive signs been seen in both urban and rural areas. Demand across the country is expected to pick up, driven by factors such as increasing disposable income, easing inflation, and optimistic economic outlook. Private consumption is expected to continue rising with the sector capitalizing on the evolving needs and preferences of the consumers.
A favorable market outlook and strong inventory management will help the company drive growth in the next financial year, he adds.
Siyaram Silk Mills opened 12 Zecode and 7 Devo stores in FY25. The company plans to open 35 stores across both brands in FY26.
