Saraswati Saree Depot Limited · NSE:SSDL
Saraswati Saree Depot — Q3 FY26 Earnings Presentation
32 slides from Saraswati Saree Depot's earnings presentation, Feb 19, 2026
Slide 1: Exchange filing cover letter for investor presentation
Date: February 19, 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 Presentati
Slide 2: Q3 & 9M FY26 Result Update Presentation
Q3 & 9M FY26 Result Update Presentation December 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 “The third quarter of FY26 reflected a period of normalization following a seasonally stronger second quarter, with demand softening sequentially across our wholesale markets. Despite this, the underlying resilience of our business remained intact, with our wholesale network continu
Slide 5: MD & CEO's Message
MD & CEO’s Message “For Q3 FY26, our Revenue from Operations stood at ₹144.47 crore against a high base in Q3 FY25 which had benefited from seasonally stronger festive demand. On a nine-month basis, however, Revenue from Operations grew 4.3% year-on-year to ₹497.63 crore, reflecting the underlying m
Slide 6: Table of Contents
Tableof Contents Q3FY26 Performance Company Overview Business Process Product Profile & Facilities Annual Financials Way Forward
Slide 7: Quarterly Performance
Quarterly | Performance —
Slide 8: Q3 & 9M FY26 Financial Highlights
Q3 & 9M FY26 Financial Highlights Revenue from Operations (Rs. Cr.) EBITDA(Rs. Cr.) & EBITDA Margins 182.14 8.00% 60 497.63 477.26 4.75 7.04% 7.00% 50 6.00% 40 32.99 144.47 27.79 5.00% 30 6.91% 4.00% 20 3.29% 5.58% 3.00% 10 12.82 2.00% 0 Q3FY25 Q3FY26 9M FY25 9M FY26 Q3 FY25 Q3 FY26 9M FY25 9M FY26
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% FY23 FY24 FY25 H1 FY26 * FY23 FY24 FY25 H1 FY26 * FY23 FY24 FY25 H1 FY26 * FY23 FY24 FY25 H1 FY26 * 0 0 * Annualized *RoE: PAT/Avg. Total Equity; RoCE: EBIT/(Avg. Capital Employed); ROA: PAT/ Total Asset
Slide 10: Product Mix
Product Mix Number of Units Sold (in millions) Total Number of Customers 16.51 16.10 13,601 15.71 13,263 13,000 12.07 12,391 FY23 FY24 FY25 9M FY26 FY23 FY24 FY25 9M FY26
Slide 11: Sales Mix
Sales Mix Item Wise Revenue (in %) 90.3% 91.9% 91.0% 89.0% 4.0% 4.8% 5.8% 6.6% 1.4% 1.3% 1.5% 1.4% 1.1% 1.1% 1.0% 0.8% 1.6% 1.8% 1.0% 0.9% Sarees Kurtis & Dress Materials Blouse Pieces Shirt & Pant Pieces Others (Includes lehengas, bottoms, chunaris, etc) FY23 FY24 FY25 9M FY26 Store Wise Revenue (i
Slide 12: Quarterly Income Statement
Quarterly Income Statement Particulars (Rs. Crore) Q3 FY26 Q3 FY25 YoY Q2 FY26 Revenue from Operations 144.47 182.14 208.39 Other Income 0.90 1.13 1.29 Total Operational Revenue 145.37 183.27 (20.68)% 209.68 Raw Materials 127.70 163.30 185.13 Employee Cost 5.29 2.35 4.23 Other Cost 6.73 3.67 4.97 To
Slide 13: Quarterly Income Statement
Quarterly Income Statement Particulars (Rs. Crore) 9M FY26 9M FY25 YoY Revenue from Operations 497.63 477.26 Other Income 3.08 2.60 Total Operational Revenue 500.71 479.86 4.34% Raw Materials 440.40 422.26 Employee Cost 12.60 7.68 Other Cost 16.84 14.33 Total Expenditure 469.84 444.27 EBITDA (excl.
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
Compa ny - ‘ i Over rview
Slide 16: Key Facts and Figures
Key Facts and Figures 01 02 03 04 Recipient of awards Diverse Product Portfolio includes such as sarees, kurtis, dress materials, Strategically located in One of India’s leading organized "Star of the Industry" Kolhapur, Ulhasnagar & blouse pieces, lehengas, bottoms, saree wholesalers, growing "Icon
Slide 17: Timeline
Timeline 1993 2015 2018 2022 2024 After three decades in the saree Achieved a turnover exceeding Surpassed a turnover of Surpassed a turnover of Opened a new purchase office industry, promoters formally Rs. 300 Crore; Inaugurated a Rs. 400 Crore Rs. 500 Crore in Surat spanning 25,000 sq. ft., launch
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 (over B2B SEGMENT of this Industry 90%), but they also wholesale OTHER WOMEN’S 02 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 company, manufacturing, marketi
Slide 20: Business Process
~ Business 4 : Process
Slide 21: Business Process
Business Process Identification of weavers /suppliers by Placing order with the identified Goods are checked on arrival Procurement Team weavers/- suppliers for approved for any quality defects products Placing order with the identified Photoshoots of the products, weavers/suppliers for preparing of
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 Lehngas Bottoms Chunaris
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 strong SSDL primarily sells in southern and western regions, including Maharashtra, reputations over time for reliability and quality, fostering trust among thei
Slide 26: Annual Financials
~ Annual ~ Financials ~~ a
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.) 451,153 41
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 1.89 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 2020, The organized saree sector, known for better customer fell by ~43% in fiscal 2021 due to pandemic-related store experience, reliable fabrics, and standardized pricing,
Slide 32: Thank you
Thank you Adfactors PR Ms. Wamika Arora/ Ms. Devishi Goel wamika.arora@adfactorspr.com devishi.goel@adfactorspr.com
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