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Siyaram Silk Mills opens new retail outlets

23 Oct 2024 Evaluate

Siyaram Silk Mills has opened its newest retail outlets in a move to enhance direct customer engagement and provide a seamless shopping experience. These stores will cater specifically to the growing demand for fast fashion and ethnic wear, marking a significant step forward in the company’s strategic expansion plans.

The new fast fashion outlets will feature its latest collections under the brand name, ZECODE, targeting urban shoppers with trendy, affordable apparel, while the ethnic clothing outlets will showcase an extensive range of clothes under the brand name, DEVO, catering to the city's rich cultural heritage and style preferences.

These new stores are part of the company’s larger strategy to penetrate both Tier I, II, and III cities across India, with a total of 30 new outlets planned by March 2025. This initiative will be backed by an investment of around Rs 50 crore, further demonstrating the company’s confidence in the growth potential of both the fast fashion and ethnic wear markets.

Siyaram Silk Mills, incorporated in 1978, is a leading producer of blended fabrics in India. The company is one of the most renowned vertically integrated textile companies in the country. It operates the widest range of latest machinery in its eco-friendly plant at Tarapur, Daman and Mumbai. 


Siyaram Silk Mills Share Price

561.00 16.40 (3.01%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Siyaram Silk Mills 561.00
Manomay Tex India 231.75
BSL 128.00
VTM 76.49
Ludlow Jute &Special 262.00
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