Siyaram Silk Q4 FY26: PAT up 31%, ₹9 dividend

Results snapshot: profit rises, revenue grows double-digit

Siyaram Silk Mills reported a sharp year-on-year improvement in profitability for Q4 FY26, even as it flagged cost pressures from inputs and logistics. Standalone net profit for the quarter rose 30.6% year-on-year to about ₹95 crore, supported by higher revenue and improved operating margins. Revenue from operations increased 15.8% year-on-year to ₹852.60 crore for the quarter.

Alongside the earnings update, the board declared a special interim dividend and recommended a final dividend for FY26. Despite the strong headline growth, the stock ended lower on the BSE on the day, reflecting a cautious market response.

Management commentary: demand improved, but costs remain elevated

The company said consumer demand improved gradually in Q4 FY26 despite a challenging macroeconomic environment and ongoing global uncertainties. It attributed the demand environment to income tax relief measures, improving disposable incomes, and higher wedding and festive season spending, which helped business performance during the quarter.

At the same time, it highlighted elevated input and logistics costs, inflationary pressures, and evolving geopolitical conditions as continuing challenges for the industry. The management positioned the quarter’s performance as a product of its brand portfolio and disciplined operations, while acknowledging the broader cost and uncertainty backdrop.

Standalone Q4 FY26: revenue, EBITDA, margins

For Q4 FY26, the company reported total income of ₹871 crore versus ₹750 crore in Q4 FY25, a year-on-year growth of 15.1%. EBITDA stood at ₹152 crore in Q4 FY26, up 21% from ₹125 crore in Q4 FY25. EBITDA margin improved to 17.4% in Q4 FY26 from 16.7% in Q4 FY25.

Profit before tax (PBT) rose 23.9% year-on-year to ₹124.08 crore in Q4 FY26. Profit after tax (PAT) for Q4 FY26 was reported at about ₹95 crore, compared with ₹72 crore in Q4 FY25, with a PAT margin of 10.9%.

Segment mix: fabric remains the core driver

For FY26, the company’s revenue mix was led by fabric at 80%, garments at 15%, and others at 5%. The same composition was cited for Q4 FY26 as well, underscoring the central role of fabric in Siyaram Silk Mills’ business.

This mix matters because it shapes margin sensitivity to raw material and logistics movements. The company’s commentary on elevated input and freight costs indicates that profitability will remain linked to how these costs trend against demand and pricing.

Full-year FY26: income, EBITDA and profit growth

On a full-year basis, the company reported an increase in standalone net profit of 14.8% to ₹228.08 crore in FY26 compared with FY25. Net sales for the year rose 15.7% year-on-year to ₹2,569.28 crore.

In the company’s own presentation of standalone performance, total income for FY26 reached ₹2,653 crore, up from ₹2,296 crore in FY25, marking year-on-year growth of 15.5%. Full-year EBITDA was reported at ₹413 crore versus ₹353 crore in FY25, a 17.1% increase, with an EBITDA margin of 15.6%. Full-year PAT margin was stated at 8.6%.

The company also said it crossed key milestones in the last financial year, including revenue above ₹2,500 crore, PBT above ₹300 crore and PAT above ₹225 crore.

Dividend announcements: interim and final payouts

The board declared a special interim dividend of ₹4 per equity share (200%) for FY26. The interim dividend record date is 25 May 2026 and it will be paid on or after 2 June 2026.

It also recommended a final dividend of ₹5 per equity share (250%) on equity shares of face value ₹2 each for FY26. The final dividend is subject to shareholder approval at the annual general meeting (AGM).

Market reaction: stock falls on BSE

Shares of Siyaram Silk Mills fell 4.30% to ₹585.50 on the BSE, according to the data provided. The move came even as the company reported double-digit revenue growth and stronger margins in Q4 FY26.

The market response highlights that price reactions can differ from headline earnings performance, especially when investors weigh broader uncertainties and cost pressures that management cited.

Key financial metrics table

Timeline: results date and dividend record date

Siyaram Silk Mills stated that Q4 FY26 results were declared on 19 May 2026. The interim dividend record date is 25 May 2026, and the payout is scheduled on or after 2 June 2026. The recommended final dividend will be placed for shareholder approval at the AGM.

These dates are important for shareholders tracking eligibility for dividend payouts and for investors correlating corporate actions with reported earnings.

Why this quarter matters for the textiles and apparel space

The company’s Q4 FY26 update ties performance to improving domestic demand, supported by disposable income trends and seasonal wedding and festive spending. At the same time, its caution on input and logistics costs reflects the pressure points that many textiles players face.

From an investor lens, the combination of revenue growth, improved EBITDA margin, and a declared interim dividend provides a clear set of measurable outcomes for FY26. The stock’s decline on the day of the update also shows that markets may be discounting broader uncertainty and cost inflation risks, even when reported numbers are strong.

Conclusion

Siyaram Silk Mills delivered year-on-year growth in Q4 FY26 revenue, EBITDA and net profit, alongside an improvement in operating margin. The board’s ₹4 interim dividend (record date 25 May 2026) and ₹5 final dividend recommendation add a shareholder payout element to the FY26 outcome. Next, investor attention is likely to remain on dividend execution dates and the final dividend vote at the AGM, while tracking how demand and input-cost conditions evolve.