Saraswati Saree Depot FY26: Revenue grows 5 percent, margins compress as procurement costs rise

FY26 Revenue from Operations was 631.16 crore, EBITDA was 32.02 crore (5.07% margin), and PAT was 23.41 crore (3.71% margin).

Q4 FY26 Revenue from Operations was 133.53 crore versus 136.35 crore in Q4 FY25; EBITDA was 4.24 crore versus 9.16 crore; PAT was 3.34 crore versus 7.02 crore.

Management attributed the decline in profitability primarily to pressure on gross margins arising from higher procurement costs.

The balance sheet shows borrowings of 0.00 crore as on 31 March 2026, and cash and cash equivalents of 69.93 crore.

FY26 item-wise revenue mix was Sarees 89.3%, Kurtis and Dress Materials 7.4%, Blouse Pieces 1.5%, Shirt and Pant Pieces 0.9%, and Others 0.9%.

Zone-wise revenue indicates West accounted for 88.5% and South 14.4% in FY26, with North at 0.0%.

The presentation highlights entry into retail with the first exclusive outlet in Kolhapur and leveraging a Surat purchase office (about 25,000 sq ft, acquired in October 2024) to improve sourcing efficiency and reduce cost of goods sold.