Key Financial Figures - Q1 FY27 Performance

Revenue Performance

  • Revenue from Operations: ₹548.5 crores
  • Year-over-Year Growth: 64.9% (from ₹332.6 crores in Q1 FY26)
  • Quarter-over-Quarter Change: -24.4% (from ₹725.6 crores in Q4 FY26)

Profitability Metrics

  • Gross Profit: ₹57.0 crores
  • Gross Profit Margin: 10.4%
  • Year-over-Year Gross Profit Growth: 17.5% (from ₹48.5 crores in Q1 FY26)
  • Quarter-over-Quarter Gross Profit Change: -11.7% (from ₹64.5 crores in Q4 FY26)

EBITDA Performance

  • EBITDA: ₹48.9 crores
  • EBITDA Margin: 8.9%
  • Year-over-Year EBITDA Growth: 18.7% (from ₹41.2 crores in Q1 FY26)
  • Quarter-over-Quarter EBITDA Change: 9.4% (from ₹44.7 crores in Q4 FY26)

Net Profit Performance

  • Profit After Tax: ₹34.0 crores
  • PAT Margin: 6.2%
  • Year-over-Year PAT Growth: 19.3% (from ₹28.5 crores in Q1 FY26)
  • Quarter-over-Quarter PAT Change: No change (from ₹34.0 crores in Q4 FY26)

Comparative Financial Performance

Full Year FY26 Reference Figures

  • Revenue from Operations: ₹2,245.8 crores
  • Gross Profit: ₹212.1 crores
  • Gross Profit Margin: 9.4%
  • EBITDA: ₹158.7 crores
  • EBITDA Margin: 7.1%
  • Profit After Tax: ₹115.5 crores
  • PAT Margin: 5.1%

Business Highlights

  • The bridal jewellery segment continued to gain strong momentum during the quarter
  • Company witnessed encouraging traction across both business verticals
  • Healthy demand from retail partner network
  • Strong product acceptance and increasing demand from partners

Management Commentary

Mr. Chetan N Thadeshwar, Chairman & Managing Director, commented on the results:

  • Company started FY27 on a positive note with steady growth in Q1
  • Performance reflects resilience of business model and strength of execution
  • Focus on operational stability and strong engagement with retail partners
  • Confidence in long-term potential of bridal jewellery vertical
  • Focus on deepening relationships with partners and expanding product offerings
  • Initiatives include sharpening assortment, strengthening product innovation, and enhancing response to evolving partner needs
  • Significant headroom to scale franchise as jewellery ecosystem evolves
  • Focus on expanding distribution footprint, strengthening product capabilities, and building operational capacity

Business Overview

Shringar House of Mangalsutra Limited specializes in design, production, and distribution of Mangalsutras across India. The company features:

  • Portfolio of over 15 distinct collections
  • More than 10,000 active SKUs
  • Client base includes corporate buyers, wholesale distributors, and retail partners
  • Pan-India presence across 24 states and 4 union territories

Key Corporate Customers

  • Malabar Gold
  • Titan
  • Reliance Retail
  • Novel Jewel
  • Joyalukkas
  • PN Gadgil Jewellers
  • Kalyan Jewellers (UAE)

Operational Statistics (as of FY26)

  • 35 corporate clients
  • 1,061 wholesalers
  • 237 retailers
  • 30 in-house designers
  • 316 skilled karigars

Investor Relations Contact

  • MUFG Intime India Pvt. Ltd.
  • Contacts: Ms. Pradnya Singh (pradnya.singh@in.mpms.mufg.com, +91 9326961021) / Mr. Sumeet Khaitan (sumeet.khaitan@in.mpms.mufg.com, +91 7021320701)