10 May 2022, Mumbai:
Siyaram Silk Mills’ net profit for Q4FY’22 rose 42 percent to Rs 82 crore as against Rs 58 crore net profit reported by the company in the year-ago period.
Its revenue during the quarter grew 22 percent to Rs 640 crore, as against Rs 523 crore it reported in the corresponding period of the previous fiscal year.
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Siyaram Silk Mills’ total income during the financial year 2021-22 increased to Rs 1,939 crore, while its net profit was Rs 216 crore.
The company launched several new innovative products during the financial year.
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These included a range of bamboo fabrics to expand its presence in the market.
Having a strong presence in the suiting and shirting market in India, Siyaram's also manufactures and distributes the Italian fashion brand, Cadini, in the Indian market.
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CREDITS: As per a Fashion Network report.
