Saraswati Saree Depot Ltd announced its audited financial results for FY26 and Q4 FY26 on May 26, 2026, reporting steady revenue growth while profitability came under pressure due to higher procurement costs and challenging market conditions.
FY26 Financial Highlights
- Revenue from Operations increased 4.6% YoY to ₹631.16 Cr from ₹603.59 Cr.
- EBITDA declined 25.9% YoY to ₹32.02 Cr.
- EBITDA Margin stood at 5.07%, compared to 7.16% in FY25.
- Profit After Tax (PAT) fell 23.5% YoY to ₹23.41 Cr.
- PAT Margin declined to 3.71% from 5.07%.
- Earnings Per Share (EPS) stood at ₹5.89, down 23.7% YoY.
Balance Sheet Strength
Despite profitability pressures, the company strengthened its balance sheet during FY26:
- Maintained a debt-free status throughout the year.
- Cash and cash equivalents increased over 50% to ₹69.93 Cr as of March 31, 2026.
- Trade receivables reduced to ₹72.42 Cr, reflecting improved collections.
- Inventory declined to ₹120.69 Cr, indicating better inventory management.
- Net worth increased to ₹194.66 Cr.
Q4 FY26 Performance
- Revenue from Operations stood at ₹133.53 Cr compared with ₹136.35 Cr in Q4 FY25.
- EBITDA declined to ₹4.24 Cr from ₹9.16 Cr.
- PAT stood at ₹3.34 Cr versus ₹7.02 Cr in the year-ago quarter.
- EPS came in at ₹0.82.
Management Commentary
Chairman and Executive Director Shankar Dulhani stated that FY26 was a year of steady progress despite a challenging operating environment. While higher procurement costs and margin pressure affected profitability, the company continued to focus on strengthening operations and financial discipline.
Management highlighted the launch of a new retail initiative as a key strategic milestone, marking the company's expansion into direct consumer engagement.
Outlook
The company expects demand conditions to remain subdued in the near term but plans to focus on:
- Enhancing operational efficiencies.
- Strengthening customer and supplier relationships.
- Expanding its retail presence.
- Maintaining disciplined inventory and working capital management.
With a debt-free balance sheet, higher cash reserves, and ongoing retail expansion, Saraswati Saree Depot aims to strengthen its market position while navigating near-term industry challenges.
