Mumbai, July 31 -- Profit before tax (PBT) surged 129.5% year on year to Rs 14.64 crore in Q1 FY27. EBITDA stood at Rs 40 crore in Q1 FY27, registering a 22.3% growth compared with Rs 33 crore in Q1 FY26, while EBITDA margin improved to 8.6% from 8.2%.

During the quarter, the company added 3 ZECODE and 2 DEVO stores, taking the total store count to 30 ZECODE outlets and 19 DEVO outlets. The company said its plan to reach approximately 70 stores across both brands in FY27 is progressing as scheduled.

Commenting on the results, Gaurav Poddar, executive director of Siyaram Silk Mills, said, "During Q1 FY27, demand remained stable despite some moderation in wedding and occasion-led consumption due to the Adhik Maas period. Consumers continu...