India's Sai Silks falls after first quarter profit, revenue fall

Sai Silks (Kalamandir)

16/07/2026 07:15

** Shares of Sai Silks (Kalamandir) Ltd SAIS.NS down about 2% at 95.47 rupees apiece -- on track for third straight session of losses
** Stock of the ethnic apparel retailer fell as much as 3.6% to 93.51 rupees--lowest since April 13, before paring losses
** The Kalamandir-owner reports Q1 profit of 256.4 million rupees ($2.66 million), down from 300.6 million rupees in the year-ago quarter
** SAIS reports a marginal decline in Q1 revenue from operations to 3.75 billion rupees from 3.79 billion rupees in Q1 FY26
** YTD, stock down 39.11%

($1 = 96.3000 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))