। ॥
In plain words
We offer salutation to her who is red as kuṅkuma, nectar for Śaṅkara's eyes, whose waist is strained by breasts that argue against the splendour of the elephant's brow.
Word for word
To her whose middle is pained by the weight of breasts that wrangle with the pomp of the elephant's temples, to the kuṅkuma-lustred, salutation, to the nectar of Śaṅkara's eyes, we make.