Saraswati Saree Depot Limited · NSE:SSDL
Saraswati Saree Depot — Q2 FY26 Earnings Presentation
32 slides from Saraswati Saree Depot's earnings presentation, Nov 17, 2025
Slide 1: Cover letter to stock exchanges
Date: November 17, 2025 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 Presentati
Slide 2: Q2 & H1 FY26 Result Update Presentation
Q2 & H1 FY26 Result Update Presentation September 2025
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by Saraswati Saree Depot Ltd. (SSDL) 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, completeness or corr
Slide 4: Chairman Message
Chairman Message “Our performance in Q2 reflects the strength of our business model, the resilience of our categories, and the disciplined execution across all operational fronts. Our focus remains firmly on consistent operational execution and prudent financial management. We continue to drive effi
Slide 5: MD & CEO's Message
MD & CEO’s Message “During Q2 FY26, the Company delivered a robust performance with strong top-line growth, supported by healthy demand across key categories, particularly in Utsav along with the benefits of an early festive season. Revenue from Operations grew 26.5% YoY to ₹208.39 crore, reflecting
Slide 6: Table of Contents
Table of Contents Q2FY26 Performance Company Overview Business Process Product Profile & Facilities Annual Financials Way Forward
Slide 7: Quarterly Performance
Quarterly: Performance
Slide 8: Q2 & H1 FY26 Financial Highlights
Q2 & H1 FY26 Financial Highlights Revenue from Operations (Rs. Cr.) EBITDA(Rs. Cr.) & EBITDA Margins 353.16 23.04 20.17 295.12 208.39 14.06 164.75 12.32 6.83% 6.52% 7.48% 6.75% Q2FY25 Q2FY26 H1 FY25 H1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1FY26 EBITDA(Rs. Cr.) EBITDA Margin% EBITDA(Rs. Cr.) EBITDA Margin%
Slide 9: Key Ratios
Key Ratios ROE% ROCE% ROA% Debt/ Equity 96% 14% 98% 1.17 12% 11% 59% 64% 9% 0.67 25% 28% 24% 18% 0 0 FY23 FY24 FY25 H1 FY26 * FY23 FY24 FY25 H1 FY26 * FY23 FY24 FY25 H1 FY26* FY23 FY24 FY25 H1 FY26 * * Annualized *RoE: PAT/Avg. Total Equity; RoCE: EBIT/(Avg. Capital Employed); ROA: PAT/ Total Assets
Slide 10: Product Mix
Product Mix Number of Units Sold (in millions) Total Number of Customers 16.51 16.1 15.71 13,601 13,263 13,000 9,924 8.41 FY23 FY24 FY25 H1 FY26 FY23 FY24 FY25 H1 FY26
Slide 11: Sales Mix
Sales Mix Item Wise Revenue (in %) 91.9% 91.0% 89.0% 90.2% 4.0% 4.8% 5.8% 7.0% 1.4% 1.3% 1.5% 1.3% 1.1% 1.1% 1.0% 0.8% 1.6% 1.8% 1.0% 0.8% Sarees Kurtis & Dress Materials Blouse Pieces Shirt & Pant Pieces Others (Includes lehengas, bottoms, chunaris, etc) FY23 FY24 FY25 H1 FY26 Store Wise Revenue (i
Slide 12: Quarterly Income Statement
Quarterly Income Statement Particulars (Rs. Crore) Q2 FY26 Q2 FY25 YoY Q1 FY26 Revenue from Operations 208.39 164.75 26.49% 144.77 Other Income 1.29 0.75 0.89 Total Operational Revenue 209.68 165.50 26.69% 145.66 Raw Materials 185.13 144.71 127.57 Employee Cost 4.23 2.64 3.08 Other Cost 4.97 5.08 5.
Slide 13: Half Yearly Income Statement
Half Yearly Income Statement Particulars (Rs. Crore) H1 FY26 H1 FY25 YoY Revenue from Operations 353.16 295.12 19.67% Other Income 2.18 1.47 Total Operational Revenue 355.34 296.59 19.81% Raw Materials 312.70 258.96 Employee Cost 7.31 5.34 Other Cost 10.11 10.66 Total Expenditure 330.12 274.96 EBITD
Slide 14: Balance Sheet
Balance Sheet As on 30th As on 31st As on 31st As on 30th As on 31st As on 31st Particulars (Rs. Crore) Particulars (Rs. Crore) Sept’25 Mar’25 Mar’24 Sept’25 Mar’25 Mar’24 Equity Share Capital 39.60 39.60 33.10 Property Plant & Equipment 7.10 6.83 2.83 Other Equity 149.10 138.26 31.81 Intangible Ass
Slide 15: Company Overview
~ Company Overview |
Slide 16: Key Facts and Figures
Key Facts and Figures 01 02 03 04 Recipient of awards Diverse Product Portfolio such as includes sarees, kurtis, dress Strategically located in One of India’s leading "Star of the Industry" Kolhapur, Ulhasnagar & materials, blouse pieces, organized saree "Iconic Brand" Ahmednagar spread lehengas, bo
Slide 17: Timeline
Timeline 1993 2015 2018 2022 2024 After three decades in the Achieved a turnover Surpassed a turnover Surpassed a turnover Opened a new purchase saree industry, promoters exceeding of Rs. 400 Crore of Rs. 500 Crore office in Surat spanning formally launched a partnership Rs. 300 Crore; Inaugurated a
Slide 18: Company Overview
Company Overview Saraswati Saree Depot Limited (SSDL), a major sarees wholesaler, BEGAN IN 1966 AND IS ONE OF INDIA’S LEADING PLAYER IN THE 01 The company’s main revenue comes from sarees B2B SEGMENT of this Industry (over 90%), but they also wholesale OTHER 02 WOMEN’S APPAREL LIKE KURTIS, LEHENGAS,
Slide 19: Experienced Management
Experienced Management Shankar Dulhani Vinod Dulhani Chairman & Executive Director Managing Director & CEO With 38 years in the apparel industry, he has extensive expertise in saree With over 27 years in the apparel industry and being a second-generation member of the manufacturing, marketing, and b
Slide 20: Business Process
Business" | Process ~
Slide 21: Business Process
Business Process Identification of weavers Placing order with the identified Goods are checked on /suppliers by Procurement Team weavers/- suppliers for approved arrival for any quality defects products Placing order with the identified Photoshoots of the weavers/suppliers for preparing of Sales act
Slide 22: Product Profile & Facilities
Product Profile & Facilities
Slide 23: Diverse Product Profile
Diverse Product Profile Sarees Kurtis Dress Materials Blouse Pieces Shirt & Pant Pieces Lehnga Bottoms Chunari s s
Slide 24: Store Insights
Store Insights • Saraswati Saree Depot Ltd. manages two stores in Maharashtra: the first store is located in Kolhapur and the second one in Ulhasnagar • The Kolhapur store, being the company’s inaugural and flagship location, accounts for nearly 88% of the total combined sales • The two stores colle
Slide 25: Key Strengths
Key Strengths Reputation & Customer Base & Strong Brand Product portfolio Saraswati Saree Depot is an established brand name and has built SSDL primarily sells in southern and western regions, including strong reputations over time for reliability and quality, fostering trust Maharashtra, Goa, Karna
Slide 26: Annual Financials
——-Annual -—--—--—-— ~ Financials
Slide 27: Annual Performance
Annual Performance Revenues (Rs. Crore) EBITDA* (Rs. Crore) PAT (Rs. Crore) 613.61 42.15 612.58 42.10 30.57 35.68 29.53 603.52 22.97 21.58 550.31 12.31 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Avg Net Sales per customer (in Rs.) Net Sales per sq.ft. area in use (in Rs.) 4,51,153 4
Slide 28: Annual Income Statement
Annual Income Statement Particulars (Rs. Crore) FY25 FY24 YoY Revenue from Operations 613.61 610.90 0.44% Other Income 3.56 1.68 Total Income 617.17 612.58 0.75% Purchase of Stock In Trade 548.55 548.99 Cost of Materials Consumed 1.43 0.00 Changes in Inventories (15.30) (14.89) Employee Benefit Expe
Slide 29: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crore) H1 FY26 FY25 FY24 Cash From Operating Activities 0.19 2.46 (8.54) Cash From Investing Activities (1.69) (8.08) (0.23) Cash From Financing Activities (13.70) 42.27 0.41 Net Cash Flow 15.20 36.65 (9.18)
Slide 30: Way Forward
Way Forward
Slide 31: Industry Opportunity
Industry Opportunity Market Decline and Recovery Organized Segment Growth The saree industry, worth Rs. 558 billion in fiscal The organized saree sector, known for better customer 2020, fell by ~43% in fiscal 2021 due to pandemic- experience, reliable fabrics, and standardized pricing, related store
Slide 32: Thank you
Thank you Adfactors PR Ms. Samruddhi Bane/ Ms. Devishi Goel +91 9619624264 samruddhi.bane@adfactorspr.com devishi.goel@adfactorspr.com
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