| Metric | Value (₹ Cr) | Q4 FY26 | Q1 FY26 |
|---|---|---|---|
| Revenue | 548.49 | 24.4% | 64.9% |
| Total Income | 549.84 | 24.4% | 65.3% |
| Expenditure | 502.90 | 26.4% | 70.8% |
| PBT | 46.93 | 6.9% | 22.7% |
| Net Profit | 34.00 | 0.0% | 19.3% |
| OPM | 8.92% | 2.75pp | 3.47pp |
| NPM | 6.18% | 1.51pp | 2.39pp |
| EPS | 3.53 | 0.0% | 10.6% |
Revenue surged 64.9% YoY (strong for jewelry retail) but OPM/NPM contracted ~350bps/240bps and PAT grew only 19.3%, so healthy top-line quality is offset by margin dilution, keeping it in the good rather than very_good band.
Shringar House of Mangalsutra Ltd Q1 FY27 Revenue Up 65%, PAT Up 19%
12 Aug 2026 · 12 Aug, 6:11 pm
Summary
Shringar House of Mangalsutra Limited reported a strong start to FY27 with Q1 revenues growing by 65% to INR 548.5 Crores and Profit After Tax (PAT) increasing by 19% to INR 34 Crores, driven by healthy volume growth. EBITDA also saw an 18.7% year-over-year increase to INR 48.9 crores. The company highlighted the continued momentum in its bridal jewellery segment, supported by positive product reception and partner demand, reinforcing confidence in its long-term potential. Management emphasized a focus on deepening partner relationships, expanding product offerings, and enhancing product innovation to meet evolving market needs.
Key Highlights
- 1
Revenues for the quarter stood at INR 548.5 Crores, a significant growth of 64.9% year-over-year.
- 2
Profit After Tax for the quarter increased by 19.3% year-over-year to INR 34 Crores.
- 3
EBITDA in Q1 FY27 stood at INR 48.9 crores, marking an 18.7% growth year-over-year.
- 4
The EBITDA margin for the quarter was 8.9%, and the PAT margin stood at 6.2%.
- 5
The bridal jewellery segment continued to gain strong momentum during the quarter, demonstrating robust product acceptance and increasing demand.
- 6
Revenue from operations grew by 64.9% YoY to INR 548.5 crores.
Management Comments
Chetan N Thadeshwar
We have started FY27 on a positive note, with Revenues and PAT delivering steady growth in Q1. Revenues grew by 65%, while PAT stood at 19%, supported by healthy volume growth across the business. This performance reflects the resilience of our business model and the strength of our execution, with our continued focus on operational stability and strong engagement with our retail partners enabling us to sustain this momentum. We witnessed encouraging traction across both our business verticals during the quarter, reflecting healthy demand from our retail partner network. Our bridal jewellery vertical delivered robust momentum, supported by strong product acceptance and increasing demand from our partners. The performance of this vertical reinforces our confidence in its long-term potential and provides a strong platform to further scale our presence in this segment. As we build on this momentum, our focus remains on deepening our relationships with our partners while expanding our product offerings across key jewellery categories. We continue to sharpen our assortment, strengthen product innovation and enhance our ability to respond to the evolving needs of our partners. These initiatives are helping us create greater relevance across markets and unlock opportunities.
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