। ॥
In plain words
O you whose home is the city of Kāñcī, by your compassion the rich onrush of the poets' speech rises up, laughing at honey, and it takes the banner of victory from the river of heaven, which rejoices in its hut in the crown of matted locks of Māra's foe.
Word for word
Rising, O Kāñcī-city-dweller, by your compassion, rich, the speech-onrush, mocking honey, of poets, takes, of her rejoicing in the hut of the crown of the matted-lock mass of Māra's rival, of Indra's river, the victory banner.