। ॥
In plain words
Victorious is Kāmākṣī's foot as Brahmā: a treasury of art and skill in bringing forth the world, and in bringing forth the speech of the greatest poets, bright with many turns of phrase; it keeps the lotus beneath it, and it is bowed to by Sanaka, Bhṛgu and the other sages.
Word for word
Of poet kings, speech made colourful by the qualities of various utterances, the treasury of skill in the art of displaying the activity of prapañca, making the lotus lower, by sages chief among whom are Sanaka and Bhṛgu bowed to, Kāmākṣī's foot-Parameṣṭhin conquers.