Mumbai: Shringar House of Mangalsutra Limited (SHOML), one of the leading designers, manufacturers and marketers of Mangalsutras, reported its Audited Financial Results for the quarter and year ended March 31, 2026.
Key Financial Highlights
| Particulars (Rs. In Crs.) | Q4 FY26 | Q4 FY25 | Y-o-Y | Q3 FY26 | Q-o-Q | FY26 | FY25 | Y-o-Y |
| Revenue from Operations | 725.6 | 351.4 | ṯOC.5% | 658.9 | ṯO.ṯ% | 2245.8 | 142G.8 | 57.ṯ% |
| Gross Profit | 64.5 | 28.G | ṯ22.3% | 54.7 | ṯ8.O% | 212.1 | 114.8 | 84.70% |
| Gross Profit Margin | 8.G% | 8.20% | C5 bps | 8.30% | 53 bps | G.4% | 8.00% | ṯ4ṯ bps |
| EBITDA | 44.7 | 23.1 | 33.70% | 40.2 | ṯṯ.2% | 158.7 | G2.3 | 72.O% |
| EBITDA Margin (%) | 6.20% | 6.60% | -4ṯ bps | 6.10% | C bps | 7.10% | 6.50% | Cṯ bps |
| Profit After Tax | 34 | 15.2 | ṯ23.5% | 30.1 | ṯ2.8% | 115.5 | 61.1 | 83.O% |
| PAT Margin (%) | 4.70% | 4.30% | 3C bps | 4.60% | ṯṯ bps | 5.10% | 4.30% | 87 bps |
Highlights for the Quarter
- Revenue from operation for Q4 FY26 stood at Rs. 725.6 Crores, as against Rs. 351.4 Crores in Q4 FY25, reflecting a 106.5% growth on a year-on-year basis. The strong growth was primarily driven by favorable movements in gold prices.
- PAT for the year stood at Rs. 34 Crores up by 123.5% Y-o-Y. It was largely driven by improved margins across all levels.
- Commissioned and operationalized the new manufacturing facility in Kandivali, Mumbai, enhancing our production capacity from 2,500 kg to 4,000 kg per annum.
- Announced our strategic entry into the bridal jewellery segment, expanding our product portfolio into a high-growth category.
Commenting on the Results, Mr. Chetan N Thadeshwar , Chairman & Managing Director said, – “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. This strong performance reflects the resilience of our business model, our ability to capitalize on market tailwinds, and our continued focus on operational efficiency and profitability.
FY26 has been a landmark year for Shringar, marked by several strategic milestones that have significantly strengthened our growth trajectory and market positioning. During the year, we successfully completed our listing, a defining achievement that enhances our credibility, governance standards, and visibility among stakeholders. As part of our expansion strategy, we inaugurated a new branch office in Pune, enabling us to deepen our presence across the Marathwada and Vidarbha regions. The quarter was defined by two transformative achievements that underscore our long-term growth strategy. First, we executed a significant expansion in our manufacturing capabilities, significantly enhancing our capacity in the fourth quarter, thereby enhancing our ability to service rising demand and strengthening our operational backbone for future growth. Second, we marked our strategic entry into the bridal jewellery segment – an important adjacency that meaningfully broadens our product portfolio beyond mangalsutras. We have already commenced sales through marquee partners such as Tanishq and Malabar Gold & Diamonds, with encouraging initial traction, validating both the market opportunity and our product proposition.
Reflecting on the quarter, we delivered several meaningful achievements during the period, reflecting the strength of our operational capabilities and the clarity of our forward direction. As these initiatives begin to gain traction, we remain confident in our ability to drive consistent growth and create long-term value for all stakeholders.”
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