Shringar House of Mangalsutra Limited Posts 106.5% YoY Revenue Surge
Shringar House of Mangalsutra Limited – Q4 FY26 Results and Strategic Updates (26 May 2026)
Introduction
Shringar House of Mangalsutra Limited (SHOML) announced its audited financial results for the quarter and year ended 31 March 2026, highlighting a strong Q4 performance, significant capacity expansion, and entry into a new product segment.
Q4 FY26 Financial Snapshot
| Metric | Q4 FY26 | Q4 FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹ 725.6 cr | ₹ 351.4 cr | +106.5 % |
| Gross Profit | ₹ 64.5 cr | ₹ 28.9 cr | +122.9 % |
| Gross Profit Margin | 8.9 % | 8.2 % | +65 bps |
| EBITDA | ₹ 44.7 cr | ₹ 23.1 cr | +93.7 % |
| EBITDA Margin | 6.2 % | 6.6 % | –41 bps |
| Profit After Tax (PAT) | ₹ 34.0 cr | ₹ 15.2 cr | +123.5 % |
| PAT Margin | 4.7 % | 4.3 % | +36 bps |
Full‑year FY26 figures: Revenue ₹ 2,245.8 cr (↑ 57.1 % YoY), Gross Profit ₹ 212.1 cr (↑ 84.7 % YoY), EBITDA ₹ 158.7 cr (↑ 72.0 % YoY), PAT ₹ 115.5 cr (↑ 89.0 % YoY).
Key Take‑aways for the Quarter
- Revenue more than doubled YoY, driven primarily by favorable gold‑price movements.
- PAT more than doubled YoY, reflecting improved margins across the value chain.
- Manufacturing capacity increased from 2,500 kg to 4,000 kg per annum with the commissioning of a new plant in Kandivali, Mumbai.
- Strategic diversification into the bridal jewellery segment, with initial sales through marquee partners such as Tanishq and Malabar Gold & Diamonds.
Strategic Business Developments
- New Manufacturing Facility – The Kandivali plant is now operational, expanding production capacity by 60 %.
- Entry into Bridal Jewellery – Broadens the product portfolio beyond mangalsutras, targeting a high‑growth market.
- Geographic Expansion – Inauguration of a branch office in Pune to deepen coverage in the Marathwada and Vidarbha regions.
- Listing Completion – The company completed its listing during FY26, enhancing governance standards and market visibility.
Operational Highlights
- Portfolio now comprises 15+ collections and >10,000 SKUs.
- Serves 35 corporate clients, 1,061 wholesalers, and 237 retailers across 24 states and 4 union territories.
- In‑house design team of 25 designers and 292 skilled karigars supports end‑to‑end product development.
Management Commentary
“We are pleased to conclude the quarter with a near doubling of our Profit After Tax on a year‑on‑year basis, driven by robust volume growth, favorable gold price movements, and disciplined margin management across all levels,” said Mr. Chetan N. Thadeshwar, Chairman & Managing Director.
He added that FY26 was a “landmark year” marked by the listing, capacity expansion, and the strategic move into bridal jewellery, which is already showing encouraging traction.
Forward‑Looking Statements & Risk Disclaimer
The announcement contains forward‑looking statements that are subject to risks and uncertainties, including but not limited to industry downturns, macro‑economic changes, tax law modifications, litigation, labour relations, exchange‑rate fluctuations, and technological shifts. Actual results may differ materially from those expressed or implied.
Investor Contact
- Ms. Darshi Jain – 96531 39305 – Darshi.Jain@in.mpms.mufg.com
- Mr. Irfan Raeen – 97737 78669 – Irfan.raeen@in.mpms.mufg.com
Meeting request links were provided in the original filing.
Original Source Document
View the original exchange filing or announcement.
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