Saraswati Saree Depot Reports FY26 Results; Revenue Hits ₹631.16 Crore, Strengthens Cash Position
Kolhapur, May 30, 2026: Saraswati Saree Depot Limited, a leading organized saree wholesaler with a business history dating back to 1966, announced its audited financial results for the fourth quarter and the full year ended March 31, 2026.The company reported a Revenue from Operations of ₹631.16 crore for FY26.
Financial Performance Snapshot
The company's consolidated financial results highlight the following operational and profitability figures for Q4 and the full fiscal year:| Particulars (Rs. Cr.) | Q4 FY26 | Q4 FY25 | FY26 | FY25 | YoY% |
|---|---|---|---|---|---|
| Revenue from Operations | 133.53 | 136.35 | 631.16 | 603.59 | 4.6% |
| EBITDA (Excluding Other Income) | 4.24 | 9.16 | 32.02 | 43.18 | (25.9%) |
| EBITDA Margin | 3.17% | 6.72% | 5.07% | 7.16% | (209 bps) |
| PAT | 3.34 | 7.02 | 23.41 | 30.58 | (23.5%) |
| PAT Margin | 2.50% | 5.15% | 3.71% | 5.07% | (136 bps) |
| EPS | 0.82 | 1.77 | 5.89 | 7.72 | (23.7%) |
Balance Sheet and Working Capital Improvements
On the balance sheet, Saraswati Saree Depot Limited showed significant improvements in its liquidity and working capital management.The company successfully increased its cash and cash equivalents by over 50% to ₹69.93 crore as of March 31, 2026. The firm maintained its debt-free status throughout FY26.
Efficiency improvements were noted in the management of current assets:
- Trade receivables were reduced to ₹72.42 crore, reflecting tighter working capital management and improved collections.
- Inventory decreased to ₹120.69 crore from ₹125.41 crore, demonstrating better stock optimization and inventory efficiency.
- The Net worth increased to ₹194.66 crore as of March 31, 2026, compared to ₹177.91 crore recorded on March 31, 2025.
- Total revenue from operations rose to ₹631.16 crore in FY26 from ₹603.59 crore in FY25.
Management Commentary
Speaking on the results, Mr. Shankar Dulhani, Chairman & Executive Director of Saraswati Saree Depot Ltd., addressed the market's performance.He noted that FY26 represented a period of steady progress despite a challenging operating environment. Mr. Dulhani highlighted the company's resilience, stating that its extensive wholesale network, diversified supplier base, and strong market presence helped maintain momentum across key markets, leading to ₹631.16 crore in Revenue from Operations.
While acknowledging that profitability was impacted by higher procurement costs and pressure on gross margins, the chairman pointed to strategic milestones. The launch of the retail initiative during the year marks an important step toward building a direct consumer-facing presence alongside the continued leadership in the wholesale segment.
The company affirmed its strong foundational position, citing its debt-free balance sheet, healthy liquidity, and disciplined approach to working capital management.
Company Overview
Saraswati Saree Depot Ltd. is a primary wholesaler in the saree (B2B) segment, with its roots in the saree business stretching back to 1966. Beyond sarees, the company engages in the wholesale trade of other women's apparel, including Kurtis, dress materials, blouse pieces, lehengas, bottoms, and more.The business expanded into ready-made garments in 2017 with the introduction of Kurti sales, a portfolio that has since expanded to include bottoms, pyjamas, one-piece clothing, and dresses. The company sources sarees and other apparel items from more than 9000 weavers and suppliers across different states in India, maintaining relationships with manufacturers in major hubs such as Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru.
SSDL Stock Price Movement
Saraswati Saree Depot Limited shares shed 0.41% on Tuesday, settling at ₹59.03. The stock traded on a volume of 19,510 shares as the market wrapped up for the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: