Siyaram Silk Mills Q4 net profit rises 7 percent to Rs 88 crore

Category: General

Country: India

Region: Asia

By Maverick Martins
First Published May 17, 2023.

Siyaram Silk Mills Ltd recorded a 7 percent rise in net profit to Rs 88 crore ($11 million) for the fourth quarter ended March 31, as against Rs 82 crore in the year-ago period.

The company’s total income for the quarter rose by 10 percent to Rs 706 crore, as against Rs 640 crore posted in the corresponding period of previous fiscal year.

For the full financial year, the company’s total income stood at Rs 2,273 crore while its net profit for the year was Rs 251 crore.

Siyaram's has a strong presence in the menswear market, especially in the suiting and shirting segment.

Apart from its private-label brands like Mistair, Royale Linen, Moretti, Miniature, Unicode, J Hampstead, Oxemberg, it also owns the rights to the Italian fashion brand, Cadini, in the Indian market.

Courtesy: https://in.fashionnetwork.com