Mumbai, July 30 -- Profit before tax (PBT) declined 58.2% YoY to Rs 6.41 crore in Q1 FY26.

EBITDA stood at Rs 33 crore, recording de-growth of 4.5% compared with Rs 34 crore in Q1 FY25. EBITDA margin slipped to 8.2% in Q1 FY26 as against 10.3% in Q1 FY25.

In Q1FY26, the company opened 4 ZECODE and 3 DEVO stores. Total stores opened as of Q1FY26 stood at 16 ZECODE and 10 DEVO stores. The company said that its target to open around 35 stores under both brands during FY26 remains intact.

Gaurav Poddar, executive director, Siyaram Silk Mills, said: "In Q1 FY26, demand in the Retail segment remained largely flat, influenced by the early onset of the monsoon which affected typical seasonal buying behaviour and spending patterns.

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