Saraswati Saree Depot Limited · NSE:SSDL
Saraswati Saree Depot — Q1 FY27 Earnings Presentation
34 slides from Saraswati Saree Depot's earnings presentation, Aug 18, 2026
Slide 1: Exchange filing cover letter
Date: August 18, 2026 To, To, National Stock Exchange of India Limited BSE Ltd Exchange Plaza, C-1, Block G, Phirozee Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Fort, Mumbai - 400 001 Bandra (East) Mumbai- 400051 BSE Scrip Code: 544230 NSE Scrip Code: SSDL Subject: Investors Presentation
Slide 2: Investor Presentation Q1 FY27
I N V E S T O R P R E S E N TAT I O N Q1 FY27 Saraswati Saree Depot Limited Unaudited Financial Results · Quarter ended June 30, 2026 NSE: SSDL | BSE: 544230 | CIN: L14101PN2021PLC199578 Q1 FY27: Revenue ₹1,475.90 Mn │ EBITDA ₹78.03 Mn │ PAT ₹66.05 Mn │ EPS ₹1.70
Slide 3: Disclaimer: Safe Harbor
DISCLAIMER Safe Harbor This presentation has been prepared by Saraswati Saree Depot Limited solely to provide information about the Company to its stakeholders. No representation or warranty, express or implied, is made as to — and no reliance should be placed on — the fairness, accuracy, completene
Slide 4: Chairman's Message
LEADERSHIP Chairman's Message "Saraswati Saree Depot began FY27 with a steady quarter. Revenue from Operations for Q1 FY27 stood at ₹1,475.90 million, growth of 1.9% over Q1 FY26, reflecting the strength of our wholesale network and the trust our customers continue to place in us. Our extensive whol
Slide 5: MD & CEO's Message
LEADERSHIP MD & CEO's Message “For Q1 FY27, Revenue from Operations increased by 1.9% year-on-year to ₹1,475.90 million, reflecting the strength of our wholesale business and continued customer engagement across our key markets. We served 13,000+ retailer customers through the quarter while maintain
Slide 6: Table of Contents
AGENDA Table of Contents 01 02 03 Company Overview Business Process Products & Facilities Business, journey, facts & management Weaver-to-retailer value chain Portfolio and destination stores 04 05 06 Financial Performance Revenue Analytics Strengths & Road Ahead Q1 FY27 results, ratios & cash Produ
Slide 7: Company Overview
01 Company Overview Who we are, our journey, and the team behind the business
Slide 8: Three Decades of Wholesale Leadership in Sarees
COMPANY OVERVIEW Three Decades of Wholesale Leadership in Sarees 01 02 Saraswati Saree Depot Limited is one of India's leading organized saree Sarees contribute over 89% of revenue, complemented by kurtis, dress wholesalers, operating in the B2B segment with roots dating back to 1966 materials, blou
Slide 9: The Journey to ₹6,000 Million
MILESTONES The Journey to ₹6,000 Million 2024 2022 2018 Opened a new 25,000 sq. ft. purchase 2015 Surpassed a turnover of ₹5,000 million. office in Surat, in close proximity to suppliers. 1993 Surpassed a turnover of ₹4,000 million. Turnover exceeded ₹3,000 million; After three decades in the saree
Slide 10: Key Facts & Figures
COMPANY OVERVIEW Key Facts & Figures 01 02 03 04 One of India's leading organized Recipient of industry awards Strategically located facilities Diverse product portfolio saree wholesalers Growing strong across more than three “Star of the Industry”, “Iconic Brand” and Kolhapur and Ulhasnagar spread
Slide 11: Experienced, Promoter-Led Management
LEADERSHIP Experienced, Promoter-Led Management Rajesh Dulhani Vinod Dulhani Chairman & Executive Director Managing Director & CEO With over 29 years in the apparel industry, he chairs the Board and With over 27 years in the apparel industry and a second-generation oversees the Company's product and
Slide 12: Business Process
02 Business Process From weaver to retailer — how product moves through our network
Slide 13: From Weaver to Wardrobe — Our Value Chain
BUSINESS PROCESS From Weaver to Wardrobe — Our Value Chain 01 SOURCE 02 SELECT 03 RECEIVE 04 SELL Identify weavers and suppliers Inspect and approve Quality-check and catalogue Reach the retailer and the end user Procurement Team identifies Procurement Team inspects and Packaging and dispatch from t
Slide 14: Product Profile & Facilities
03 Product Profile & Facilities A catalogue of 300,000+ SKUs housed in destination-scale stores
Slide 15: Diverse Product Profile
PRODUCTS Diverse Product Profile Kurtis Dress Materials Blouse Pieces Shirt & Pant Pieces Sarees Lehngas Bottoms Chunaris Saraswati Saree Depot Limited 10
Slide 16: Destination-Scale Facilities
STORES & SOURCING Destination-Scale Facilities Store & facility insights • The Company operates two stores in Maharashtra — the flagship at Uchgaon, Kolhapur and a second store at Ulhasnagar. • The Kolhapur store, the Company's inaugural and flagship location, accounts for close to 89% of total comb
Slide 17: Financial Performance
04 Financial Performance Q1 FY27 results in detail, with annual context
Slide 18: Q1 FY27 at a Glance
EXECUTIVE SUMMARY Q1 FY27 at a Glance REVENUE FROM OPERATIONS EBITDA PROFIT AFTER TAX ₹1,475.90 Mn ₹78.03 Mn ₹66.05 Mn +1.9% vs Q1 FY26 5.29% margin · -91 bps 4.48% margin · +4.0% YoY BASIC EPS CASH CONVERSION CYCLE ₹1.70 49 days vs ₹1.61 in Q1 FY26 Improved by 23 days The quarter in one paragraph.
Slide 19: Q1 FY27 Financial Highlights
QUARTERLY PERFORMANCE Q1 FY27 Financial Highlights Revenue from operations (₹ Mn) EBITDA (₹ Mn) 1476 89.8 +1.9% YoY -13.1% YoY 1448 ₹1,475.90 Mn 78.0 Margin 5.29% Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Profit after tax (₹ Mn) Basic EPS (₹) 66.1 1.70 +4.0% YoY +5.6% YoY Margin 4.48% ₹1.70 in Q1 FY27 63.5 1.
Slide 20: Quarterly Income Statement
FINANCIAL STATEMENTS Quarterly Income Statement Particulars (₹ Mn) Q1 FY27 Q1 FY26 Y-o-Y Q4 FY26 Revenue from operations 1,475.90 1,447.71 +1.9% 1,335.33 Purchases of stock-in-trade 1,115.00 1,217.63 -8.4% 1,150.89 Cost of materials consumed 12.78 9.10 +40.5% 12.19 Changes in inventories 190.13 49.0
Slide 21: FY26 Income Statement — Annual Context
FINANCIAL STATEMENTS FY26 Income Statement — Annual Context Particulars (₹ Mn) FY26 Revenue from operations 6,311.62 Purchases of stock-in-trade 5,601.02 Cost of materials consumed 38.26 Changes in inventories 44.06 Total procurement cost 5,683.34 Gross profit 628.28 Gross margin 9.95% Employee bene
Slide 22: Margin Analysis
PROFITABILITY Margin Analysis Margin profile — Q1 FY26 vs Q1 FY27 (%) Gross margin 10.70% 11.9 Procurement cost rose 3.3% against +1.9% revenue growth — the principal 10.7 driver of the quarter's margin compression. 6.2 5.3 4.4 4.5 EBITDA margin 5.29% Gross margin EBITDA margin PAT margin Employee c
Slide 23: A Materially Stronger Balance Sheet
FINANCIAL POSITION A Materially Stronger Balance Sheet DEBT-FREE EARNINGS PER SHARE 1 ₹0 Mn borrowings 2 ₹1.70 EPS Finance costs down to ₹0.15 Mn from ₹2.20 Mn. Up +107% QoQ (₹0.82 in Q4 FY26). Up +5.6% YoY (₹1.61 in Q1 FY26) — profitability growth outpacing revenue growth. GROWING NET WORTH LIQUIDI
Slide 24: Returns & Leverage
KEY RATIOS Returns & Leverage Return on equity (%) Return on capital employed (%) 96.0 PAT / average 98.0 EBIT / average capital shareholders' funds employed 59.0 64.0 17.2 20.4 14.6 12.5 13.3 13.6 FY23 FY24 FY25 FY26 Q1 FY27 FY23 FY24 FY25 FY26 Q1 FY27 Return on assets (%) Net debt to equity (x) 14
Slide 25: Revenue & Customer Analytics
05 Revenue & Customer Analytics What we sell, where we sell it, and who buys it
Slide 26: Volumes and Customers
PRODUCT MIX Volumes and Customers Number of Units Sold (in millions) Total Number of Customers 16.51 15.71 16.10 15.71 13601 13907 13263 13000 6986 3.60 FY23 FY24 FY25 FY26 Q1FY27 FY23 FY24 FY25 FY26 Q1FY27 Clothing pieces sold, as reported for each period. Unique billing customers served in each pe
Slide 27: Sarees Anchor the Mix, Adjacencies Are Scaling
SALES MIX Sarees Anchor the Mix, Adjacencies Are Scaling Item-wise revenue (% of revenue) Q1FY26 split 91.9 91.0 89.0 89.3 89.8 Sarees Kurtis & Dress Materials Others Sarees contribute 89.8% of revenue in Q1FY26; adjacent categories account for 10.2%, against 7.4 8.1% in FY23. 5.8 7.0 4.0 4.8 4.1 4.
Slide 28: Concentrated Where We Are Strongest
ZONE & STORE MIX Concentrated Where We Are Strongest Zone-wise revenue (% of revenue) Channel-wise revenue — Q1FY27 84.6 85.6 85.1 81.4 80.9 18.0 18.8 15.4 14.4 14.8 0.6 0.3 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 West South North East FY23 FY24 FY25 FY26 Q1FY26 Q1FY26 split Wholesale Retail Wholesale 98.28
Slide 29: Distribution Channel-wise Revenue
CHANNEL MIX Distribution Channel-wise Revenue Wholesale ₹1,450.51 Mn 98.3% of revenue The wholesale units serve 13,000+ retailer customers across western and southern India — the core of the Company's wholesale operations. ₹1,476 Mn Wholesale Retail FY26 Retail ₹25.39 Mn 1.7% of revenue The exclusiv
Slide 30: Strengths & The Road Ahead
06 Strengths & The Road Ahead The moats we defend and the growth we are building
Slide 31: The Moats Behind Three Decades of Leadership
KEY STRENGTHS The Moats Behind Three Decades of Leadership Reputation & Strong Brand Customer Base & Product Portfolio 1 2 An established brand name built over decades on reliability and quality, fostering trust Serving 13,000+ unique customers, primarily across Maharashtra, Goa, Karnataka and acros
Slide 32: A Formalizing Market Favours Scaled Players
INDUSTRY OPPORTUNITY A Formalizing Market Favours Scaled Players Organized share of the saree market is set to expand Market decline and recovery Organized segment growth materially The saree industry, worth ₹558 billion in The organized saree sector — known for fiscal 2020, fell around 43% in fisca
Slide 33: Way Forward
STRATEGY Way Forward GP margin already rebounded to 11.6% in Q1 FY27 from 5.1% in Q4 FY26 — the focus ahead is holding this 1 Sustain the margin recovery trajectory and closing the remaining gap. Ramp the first exclusive retail outlet in Kolhapur; take the brand direct-to-consumer while wholesale re
Slide 34: Thank you
Thank you Saraswati Saree Depot Limited Investor Relations · contact@saraswatisareedepotlimited.com · www.saraswatisareedepot.com Registered Office: Uchgaon, Kolhapur, Maharashtra NSE: SSDL | BSE: 544230 | CIN: L14101PN2021PLC199578
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