Sai Silks Kalamandir reports 11% rise in Q4 revenues
Ethnicwear retailer Sai Silks Kalamandir reported 11 per cent rise in revenues to Rs 360 crore during the fourth quarter ending March 2024 compared to the same period in the previous fiscal year.
The company’s revenues for the entire financial year 2024 also increased to Rs 1,374 crore, compared to the previous year.
During the fourth quarter of this fiscal year, the company's store sales grew by approximately 6 per cent compared to the corresponding period last year. Sai Silks Kalamandir also inaugurated six new stores spanning 43,896 sq ft in the Varamahalakshmi format during the year.
Currently, Sai Silks has 60 stores across India spanning key markets including Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu.
