Siyaram Silk Mills Limited · NSE:SIYSIL
Siyaram Silk Mills — Q3 FY25 Earnings Presentation
51 slides from Siyaram Silk Mills's earnings presentation, January 2025
Slide 1: Investor Presentation | Q3 FY25
Investor Presentation | Q3 FY25
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Siyaram Silk Mills Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 3: Index
Index 01 Q3 FY25 Performance 02 Strategic Retail Expansion 03 Our Legacy Business 04 Our Organization 05 Our Strategic Priorities 06 Our Financial Performance 07 Rewarding Shareholders 3
Slide 4: Q3 FY25 Performance
Q3 FY25 Performance
Slide 5: Management Commentary
Management Commentary Mr. Gaurav Poddar, President & Executive Director • Consumer sentiment in Q3 was initially lifted by festivities with spending picking up during the season. The inflationary pressure was persistent throughout the quarter thus moderating demand in the later half. However, it was
Slide 6: Quarterly Business Performance
Quarterly Business Performance (₹ in Mn) Total Income EBITDA Net Profit After Tax +14% +4% +4% 21,247 3,225 1,847 5,864 796 829 443 459 5,129 6,528 Q3FY24 Q3FY25 1,123 Q3FY24 Q3FY25 690 Q3FY24 Q3FY25 15,460 2,274 1,263 5,864 829 5,129 459 796 443 5,971 6,290 1,103 999 684 614 3,619 3,306 307 342 100
Slide 7: Q3 & 9M FY25 Profit & Loss Statement
Q3 & 9M FY25 Profit & Loss Statement Particulars (₹ in Mn) Q3 FY25 Q3 FY24 Y-o-Y 9M FY25 9M FY24 Y-o-Y Revenue from Operations 5,702 5,018 14,842 14,408 Other Income 162 111 617 311 Total Income 5,864 5,129 14.3% 15,459 14,719 5.0% Cost Of Goods Sold 3,316 2,879 8,528 8,244 Employee Expenses 439 429
Slide 8: Strategic Retail Expansion
Strategic Retail Expansion
Slide 9: Ethnic Wear - DEVO
Ethnic Wear - DEVO Company Owned Store Format Company Operated Store size 2000-4000 sq.ft No. of stores ~10 by Q1FY26 Price Positioning Mid – Premium Targeted Geography North India Investment per store Rs. 1 Cr. to Rs. 1.5 Crs. Target Customer Men’s Wear 9
Slide 10: A Glimpse of DEVO
A Glimpse of DEVO Siyarams
Slide 11: DEVO Stores
DEVO Stores Ayodhya Lajpat Nagar Pitampura
Slide 12: Fast Fashion - ZECODE
Fast Fashion - ZECODE Company Owned Store Format Company Operated 4000-6000 sq.ft & Store size 8000-10000 sq.ft No. of stores ~20 by Q1FY26 Price Positioning Upto price point of Rs. 999 Targeted Geography South India Investment per store Rs. 1 Cr. to Rs. 1.5 Crs. Target Customer Gen Z 12
Slide 13: A Glimpse of ZECODE
Siyarams A Glimpse of ZECODE
Slide 14: ZECODE Stores
ZECODE Stores RT NAGAR HESARGATTA YELEHANKA DAVANGERE INDIRANAGAR VIDYARANYAPURA SAMBRAM R R NAGAR
Slide 15: Media Coverage of Our New Venture
Media Coverage of Our New Venture
Slide 16: Launch of Cadini Italy Perfumes
Launch of Cadini Italy Perfumes Siyaram Silk Mills Ltd, under the brand name Cadini Italy, launches Cadini Italy Perfumes in India During the exclusive launch introduced four fragrances: Leonardo’s Secret, Italian Renaissance, Roman Affair, and Sicilian Romance The perfumes are Available in three va
Slide 17: Cadini Italy Perfume Media Coverage & Launch Day
Cadini Italy Perfume Media Coverage & Launch Day
Slide 18: Our Legacy Business
Our Legacy Business a EE) 297 My i ae | DA' Uh i) (fll)
Slide 19: Our Legacy
Our Legacy From 1978 till today, through our fabrics Amongst India’s most renowned brands and and brands, we have carved a niche in the marketers of fabrics, readymade garments, hearts and minds of millions. and other textiles products. Strong brands & sub-brands like Siyaram, Operates franchises, r
Slide 20: We Improve. Grow. Accelerate
We Improve. Grow. Accelerate Phase Phase Phase Phase 02 03 04 01 Manufacturing Business Expansion Brand Creation Innovation & Asset Light Model 1978-1987 1991-2009 2013-2020 2021-2024 o Established in 1978 o Started brand promotion exercise o Siyaram’s voted as the most trusted o Launched DEN - KNIT
Slide 21: We serve multiple end markets..
We serve multiple end markets.. 800+ ~ 100 Mn Meters Distributors spread across pin codes Fabric Sold in FY24 250+ ~ 1.90L sqft Stores Across Nation Retail Space ~4.5Mn pieces 5 Mn and counting… Apparels Sold in FY24 Customers Served Distributors MBO’s Institutions 8/ ZECODE stores 3 DEVO stores Onl
Slide 22: …through Different Brands and Sub-Brands
…through Different Brands and Sub-Brands FABRICS GARMENTS 22
Slide 23: …through serving Different Customer Needs
…through serving Different Customer Needs 23
Slide 24: …through our Innovative Offerings
…through our Innovative Offerings BLENDED BAMBOO TERRY RAYON SUITING KNIT INDIGO JET BLACK COLLECTION KNIT WEAR FABRIC FABRIC The urge to innovate, the quest for artisanal fabrics, and the transmission of exceptional know-how have enabled the creation of world-class bamboo cotton fabric clothing in
Slide 25: …through Brand Ambassadors
…through Brand Ambassadors …endorsing our Brands over the years 25
Slide 26: …through Our Expertise in Every Facet of the Production Process
…through Our Expertise in Every Facet of the Production Process Gujrat Daman “An optimum mix of In-house Amravati and Outsourcing makes it a Silvassa scalable and Asset-light model” Maharashtra Tarapur Our Manufacturing Plants Toyota Airjet looms at saily, Silvassa 50L Units of Solar Power Generated
Slide 27: …through In-house Design Studio and Top-Notch Technology
…through In-house Design Studio and Top-Notch Technology In-house Design Studio Every dream is distinct, and we ensure that our teams, the creative vision, materials, and craftsmen all work together to create a unique translation. We uphold the highest standards for materials, perfect lines, and met
Slide 28: …through our Global Presence
…through our Global Presence Export Regions ✓ Australia ✓ Bahrain ✓ Bangladesh ✓ Canada ✓ Colombia ✓ Dubai ✓ Egypt Cadini Sales ✓ Germany Regions ✓ Hong Kong ✓ Austria ✓ Indonesia ✓ Belgium ✓ Japan ✓ Canada ✓ Jordan ✓ Cote d’Ivore ✓ Kuwait ✓ Egypt ✓ Malaysia ✓ France ✓ Mexico ✓ Great Britain ✓ Nepal
Slide 29: Our Organization
Siyarams Our Organization
Slide 30: Our Vision, Mission & Values
Our Vision, Mission & Values VISION MISSION To be the preferred partner to every stakeholder in the textile To provide quality products and to be a name, synonymous with and fashion industry by delivering high quality fabrics, high fashion in India and across the globe implementing design-driven inn
Slide 31: Our Experienced Board
Our Experienced Board SHRI. RAMESH PODDAR SHRI. PAWAN PODDAR SHRI. SHRIKISHAN PODDAR SHRI. GAURAV PODDAR SHRI. ASHOK M. JALAN Chairman & Managing Director Joint Managing Director Executive Director President & Executive Director Senior President cum Director Mr Ramesh Poddar is a stalwart of Mr Pawa
Slide 32: Our Experienced Board
Our Experienced Board SHRI. SACHINDRA N. SHRI. CHETAN S. SHRI. DEEPAK R. SMT. MANGALA R. DR. ASHOK N. CHATURVEDI THAKKAR SHAH PRABHU DESAI He is a Fellow member of the ICAI, a He is a Graduate and has done his LLB He is a Graduate and a Fellow member She is a Postgraduate in Commerce, a He holds a P
Slide 33: Testimony to our Success
Testimony to our Success Guinness World Awarded as India's Awarded as The Next Records for creating Most Attractive 500 by Fortune India World’s most viewed Brands by Trust livestream Research Advisory Ranked amongst Top Awarded as Most Felicitated as Iconic 100 Franchise Trusted Brand by ET Brands
Slide 34: Our Advertising & Marketing Initiatives
Our Advertising & Marketing Initiatives 34
Slide 35: Our Social & Sustainability Initiatives
Our Social & Sustainability Initiatives Conducted Tailoring Workshops across 8 Contributed for construction of 2 out of 4 Blind Cricket Tournament 2024, Mumbai Yoga Day Campaign, Mumbai states floors for Apna Ghar Ashram World Environment Day, Tarapur 35
Slide 36: Our Strategic Priorities
Our Strategic Priorities
Slide 37: Strategic Priorities
Strategic Priorities 01 Strengthen Network Distribution 04 Expand Retail Network through Exclusive Stores 02 Manufacturing through Outsourcing Partners 05 Focus on Innovation & Quality Experience 03 Leverage Siyaram’s Brand 06 Promote Tailoring in the Community 37
Slide 38: Franchise Model: Win-win Proposition
Franchise Model : Win-win Proposition Partnering with Siyaram's shop will provide a lucrative & sustainable business model and unmatched growth opportunities BRAND’S LEGACY WARDROBE SOLUTION MULTIPLE BRANDS WIDE TARGET AUDIENCE FRANCHISE Of over 4 decades Fashioning Modern Man Under One Roof Right f
Slide 39: Outcome of Strategic Actions
Outcome of Strategic Actions Return on Capital Employed % Asset Turnover ratio (x) * Adjusted for cash & Investments 1.39 1.41 31.8 32.6 1.29 1.13 23.2 0.80 13.1 3.6 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Return on Equity % Net Debt Calculation (₹ in Mn) Long Term Cash & Investments 24.8
Slide 40: Other Focus Areas
Other Focus Areas New Marketing Approach Our traditional marketing strategy garnered positive results in the domestic market, developing a vast network and penetrating tier-I, tier-II and tier-III cities. Now, it aims to attract online shoppers by targeting the digital space. Enhance the consumer ex
Slide 41: Our Financial Performance
Our Financial Performance
Slide 42: Revenue Break-up
Revenue Break-up (in ₹ Million) (in %) * excl INR 826 mn of one * excl INR 826 mn of one time export order time export order 6% -2.8% 5% 21,467 4% 13%* 13% 20,872 1,357 1,069 19,031 7% 14% 917 2,915* 2,735 16,980 1,144 2,574 20% 3,452 7% 10,875 11% 758 77% 82% 1,164 82% 17,195 17,068 15,540 73% 12,3
Slide 43: Businesswise Performance
Businesswise Performance (₹ in Mn) Fabric Garments ✓ Value growth led by better Product Mix -0.7% -6.2% excl. One off exports 17,195 3,741 - Sale of Premium Fabrics was higher in 17,068 -5.4% the last fiscal year -1.6% 0.6% 0.9% -22.1% ✓ Exports contributed 9% of the Revenues in FY24 2,735 ✓ Raw Mat
Slide 44: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ in Mn) FY22 FY23 FY24 Revenue from Operations 19,030 22,293 20,872 Other Income 345 402 375 Total Income 19,375 22,695 21,247 Cost Of Goods Sold 10,739 12971 12106 Employee Expenses 1,595 1791 1723 Other Expenses 3,354 3842 4194 EBITDA 3,687 4,091 3,224 EBITDA
Slide 45: Balance Sheet
Balance Sheet Equity & Liabilities (₹ in Mn) FY22 FY23 FY24 Assets (₹ in Mn) FY22 FY23 FY24 Non-Current Assets Equity Property, plant and equipment 4,728 4,512 4,522 Equity Share Capital 94 94 91 Capital Work-in-Progress 24 54 187 Other Equity 9279 11315 11319 Other Intangible Assets 5 4 4 Total Equ
Slide 46: Cash Flow Statement
Cash Flow Statement Particulars (₹ in Mn) FY22 FY23 FY24 Cash Flow from Operating Activities Profit before Tax 2,868 3,316 2,471 Adjustment for Non-Operating Items 630 472 488 Operating Profit before Working Capital Changes 3,498 3,788 2,959 Changes in Working Capital -2,373 -720 -1096 Cash Generate
Slide 47: Rewarding Shareholders
Rewarding Shareholders
Slide 48: Rewarding Shareholders in the Lead-up to the 50th Anniversary
Rewarding Shareholders in the Lead-up to the 50th Anniversary As Siyaram’s embarks on the pathway to its golden anniversary three years hence, the Board has proposed a special reward for its esteemed shareholders who have been steadfast in their support during the Company’s journey. As part of this
Slide 49: Consistent Returns to Stakeholders since Listing
Consistent Returns to Stakeholders since Listing FY20 FY21 FY22 FY23 FY24 VALUE CREATION FOR ₹ 48.6 Cr ₹ 21.5 Cr ₹ 43.1 Cr ₹ 51.6 Cr ₹ 108 Cr Buyback (Post Tax) SHAREHOLDERS Dividend Outlay Dividend Outlay Dividend Outlay Dividend Outlay ₹ 49.9 Cr Dividend Outlay +Buyback: Robust shareholder Rs. 108
Slide 50: Key Takeaways
Key Takeaways Well Recognized Brand Debt to Equity Asset Light Model Right Portfolio Mix Net Debt to Equity of Well recognised Asset-light approach Well balance range of 0.10x with asset light brand– “Coming for manufacturing & products, catering to strategy for future home to Siyaram” is a distribu
Slide 51: Thank You
Company : Siyaram Silk Mills Limited www.siyaram.com Mr. Surendra Shetty Chief Financial Officer Surendra.shetty@siyaram.com Investor Relations Advisors : Orient Capital (a division of Link Group) THANK YOU Mr. Nikunj Jain +91 9769060608 nikunj.jain@linkintime.co.in Ms. Mamta Nehra +91 9987903500 Ma