SIYSIL Q1 FY27 Guidance vs Delivery (SIYSIL Management Mirror)

FY27 Core EBITDA Margin Guidance Reaffirmed at 14%; Q1 FY27 Consolidated Margin Reported at 4.1% Amid Retail Drag

In the Dec'25 Qtr (Q3 FY26), management upgraded FY26 revenue growth guidance from 10%-12% to 12%-15% and maintained core EBITDA margin at approximately 14%, noting a retail drag of 100 to 150 basis points on consolidated margins. In the Mar'26 Qtr, FY26 reported total income reached INR 2,653 crores (up 15.5% YoY), aligning with the upgraded guidance, alongside a 15.6% EBITDA margin. Concurrently, management initiated FY27 guidance of approximately 12% revenue growth and a 14% base EBITDA margin, subject to a 150 basis points drop due to retail operations (resulting in a net guidance of approximately 12.5%). In the Jun'26 Qtr concall, management reaffirmed the FY27 guidance of approximately 12% revenue growth and an EBITDA margin of around 14% for the core business (before the 150 basis point retail drop). For the Jun'26 Qtr, the concall reported standalone total income of INR 466 crores (16.4% YoY growth) and an 8.6% EBITDA margin. The Jun'26 Qtr Quarterly Financial Results reported actual consolidated revenue of INR 44,566 Lakhs (+14.4% YoY) and an EBITDA margin of 4.1%.