Ethnic wear retailer Sai Silks Kalamandir Ltd witnessed a 11 percent increase in revenue to Rs 360 crore ($43.2 million) for the fourth quarter ended March 2024 as compared to fourth quarter of the previous fiscal year.
The company’s revenue for the full financial year of 2024 increased marginally over last year to Rs 1,374 crore.
In the 2023 financial year, the business reported a sales total of Rs 1,351 crore with profits after tax of Rs 98 crore.
“The store sales growth during Q4 this year has also registered a growth of around 6 percent over last year Q4. During the year, company opened 6 new stores of Varamahalakshmi format with a total area of 43,896 square feet,” Sai Silks Kalamandir said in a business update.
Currently, Sai Silks has 60 stores across the country with a strong presence in south Indian markets of Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu.
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