Smallcap stock jumps 14% after announcing their strong business update

During Wednesday’s trading session, shares of a company involved in the business of providing ethnic apparel and value-fashion products moved up by nearly 15 percent on BSE, after the company announced strong business update and achieved a higher Q1 turnover with a growth of nearly 42 percent.

With a market cap of Rs. 2,527.5 crores, the shares of Sai Silks (Kalamandir) Limited closed in the green at Rs. 164.8 on BSE, up by nearly 8.3 percent, as against its previous closing price of Rs. 152.15. The stock has delivered negative returns of around 16 percent in one year, but has gained by more than 24 percent in the last month.

What’s the News

According to the latest regulatory filings with the stock exchanges, Sai Silks (Kalamandir) Limited has announced the business update of the company for the quarter ended June 2025.

The company reported a strong performance, with a turnover of about Rs. 379.02 crores in Q1 FY26, up by nearly 42 percent YoY compared to Rs. 267.3 crores in Q1 FY25.

During the quarter, Sai Silks expanded its retail footprint by opening its 69th store under the “Kanchipuram Varamahalakshmi Silks” brand. The new store, launched on 13th June 2025, is located in Davanagere, Karnataka, and spans 10,300 sq. ft.

Looking ahead, four more stores are currently in the pipeline. These include three upcoming Kanchipuram Varamahalakshmi Silks stores in Tirupati (Andhra Pradesh), Vellore (Tamil Nadu), and Mysore (Karnataka), along with a Kalamandir store in Nizampet, Telangana.

Financials & more

Sai Silks reported a marginal growth in its revenue from operations, showing a year-on-year rise of around 11 percent from Rs. 360 crores in Q4 FY24 to Rs. 399 crores in Q4 FY25. In contrast, its net profit decreased during the same period from Rs. 29 crores to Rs. 14 crores, representing a decline of about 52 percent YoY.

Sai Silks (Kalamandir) Limited is engaged in the business of buying and selling of textile and textile articles as a Retailer in the name and style of “Kalamandir”, “Varamahalakshmi”, “Mandir” and “KLM Fashions” in the states of Telangana, Andhra Pradesh, Karnataka and Tamil Nadu.

Written by Shivani Singh

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