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.”
About Shringar House of Mangalsutra Limited
Shringar House of Mangalsutra Ltd. specializes in the design, production, and distribution of a wide array of Mangalsutras across India. The company boasts a portfolio of over 15 distinct collections and more than 10,000 active SKUs, tailored to meet the preferences of a broad customer base. Its clientele spans corporate buyers, wholesale distributors, and retail partners operating pan-India in 24 states and 4 union territories.
Among its prominent corporate customers are industry leaders such as Malabar Gold, Titan, Reliance Retail, Novel Jewel, Joyalukkas, PN Gadgil Jewellers, and Kalyan Jewellers (UAE).
As of FY26, the company served 35 corporate clients, 1,061 wholesalers, and 237 retailers. Its operations are supported by a dedicated in-house design team comprising 25 designers and 292 skilled karigars, enabling seamless execution from concept to final product.
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