Siyaram's Q2 FY26 delivered strong performance, with total income surging 18.1% year-on-year to ₹742.7 Cr.

Profitability excelled as EBITDA jumped 31.1% to ₹144.7 Cr, pushing the EBITDA margin to 19.5%. Net Profit After Tax (PAT) grew 27.2% to ₹87 Cr.

For H1 FY26, total income reached ₹1,143.2 Cr, EBITDA ₹177.3 Cr, and PAT ₹91.6 Cr.

Fabric sales continue to be a dominant segment, contributing 77% to revenue.

A key strategy is aggressive retail expansion.

The company opened 7 new ZECODE (fast fashion) and 2 DEVO (ethnic wear) stores in Q2, now operating 23 and 12 outlets respectively.

They aim for around 35 new stores by FY26, entirely self-funded.

This leverages strong consumer demand, positive macroeconomic trends, and rising disposable incomes.

Management anticipates continued momentum, boosted by a recent GST rate cut.

Further, the Board has proposed a special shareholder reward: issuing bonus cumulative non-convertible redeemable preference shares (CNCRPS) valued at ₹318 Cr.