Sai Silks (Kalamandir): VML’s TN Debut—a Mixed Bag. Maintain BUY
We recently conducted a comprehensive assessment of the saree ecosystem through management meetings and store visits across various Chennai-based...
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Sai Silks (Kalamandir): Draping South India in Sarees. BUY
Launched in FY05, Sai Silks (Kalamandir) Ltd (SSKL) is one of the largest apparel retailers in south India offering products across ethnic wear...
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Sai Silks Kalamandir IPO - Not Particularly Exciting but Is Relatively Cheap
Sai Silk Kalamandir (SSKL IN) is looking to raise about US$145m in its India IPO. In this note, we look at the company's past performance and talk...
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HSIE Results Daily: Hero Motocorp, Bandhan Bank, Aarti Industries
Hero Motocorp: Hero MotoCorp’s Q3 margin, at 14%, was down 10bps QoQ despite the 3% QoQ volume growth and improved mix, due to higher promotional...
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Festive temperature check: Festive mood sombre
We recently interacted with numerous store managers and companies to assess the festive performance and demand in discretionary categories
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