Singer India Limited Investor Presentation

Q4 & Full Year ended 31st March 2026

Company Overview

Singer India Limited (SIL) operates in two major business segments: Sewing Products (under brand names Singer & Merritt) and Home Appliances (under the Singer brand). The sewing products range includes household sewing machines, embroidery machines, and industrial sewing machines. The home appliances segment spans Small Domestic Appliances and Consumer Durables. The company has 446 service points pan-India and over 238 sewing service providers, including 80 sewing machine walk-in centers (as of 31st March 2026). SIL is a widely held company with its equity shares listed on the Bombay Stock Exchange (BSE) since 1982 and on the National Stock Exchange (NSE) on 19th March 2026. Its market capitalization was INR 3.76 billion as of 31st March 2026. Promoter holding stands at 69.51%. The board includes Rakesh Khanna (Vice Chairman & Managing Director), Kalliopi Tsiaga, Hetal Madhukant Gandhi, Maneesh Mansingka, Gavin John Walker (Non-Executive Non-Independent Directors), and Sunil Duggal, Rajesh Relan & Hemant Sachdev (Non-Executive Independent Directors).

2025-26 Performance Overview

Financial Performance:

  • Q4 FY26 Revenue: ₹166.3 Cr, a 36.7% growth over Q4 FY25 (₹121.7 Cr).
  • FY26 Revenue: ₹557.3 Cr, a 29.1% growth over FY25 (₹431.7 Cr).
  • Q4 FY26 Gross Margin: ₹42.8 Cr (25.9% growth YoY).
  • FY26 Gross Margin: ₹149.5 Cr (21.7% growth YoY).
  • Q4 FY26 EBITDA: ₹9.3 Cr (48.8% growth YoY).
  • FY26 EBITDA: ₹21.5 Cr (70.0% growth YoY).
  • Q4 FY26 PBT: ₹8.0 Cr (42.8% growth over Q4 FY25 PBT of ₹5.6 Cr).
  • FY26 PBT: ₹17.3 Cr (72.6% growth over FY25 PBT of ₹10.0 Cr). This includes an exceptional item expense of ₹0.73 Cr related to the one-time impact of the New Labour Code.
  • PBT before exceptional item for FY26: ₹18.1 Cr, representing 79.9% growth over the previous year.
  • Q4 FY26 PAT: ₹9.5 Cr (45.7% growth over Q4 FY25 PAT of ₹4.1 Cr).
  • FY26 PAT: ₹12.8 Cr (72.7% growth over FY25 PAT of ₹7.4 Cr).

Operational Performance:

  • The sewing machine category grew >45% in Q4 and >40% in FY25-26.
  • The trade channel for sewing machines grew >15% in both Q4 and FY25-26.
  • The e-commerce channel for sewing machines grew >50% in Q4 and >25% in FY25-26 due to portfolio expansion and market share gains.
  • The cast iron sewing machine and related accessories category grew significantly by >50% in FY25-26.
  • AZZ sewing machines grew healthily by 30% in FY25-26.
  • The appliance segment reported 9% business growth during Q4 due to new fan line-ups and e-commerce expansion. The full-year decline was mainly due to muted demand for high-selling cooling and heating products.
  • SGA expenses increased in absolute terms by ₹17.9 Cr but decreased as a percentage of revenue from 24% LY to 21.85% TY.
  • The company sustained gross margins despite commodity price inflation through strategic price positioning, cost pass-through, and value engineering.
  • Dependence on the low-margin modern trade channel was reduced to sustain profitability in the appliances segment.

New Product Launches

The company launched multiple new products across categories:

Sewing Machines:

  • Tailor Mate: First-ever electric straight stitch machine with a plastic body.
  • New Elite Zig-Zag Sewing Machine: Features a BLDC motor, 23 built-in stitches, and an auto needle threader.
  • Flat-Bed Sewing Machine: Aluminum die-cast machine for heavy sewing operations.

Home Appliances:

  • Steaminator: Steam generator iron with 8-bar pressure and a 1.5L tank.
  • Airfrio Air Fryer: 1350W performance with a 4.4L basket.
  • Nextchop Electric Chopper: 350W motor for chopping, mincing, and grinding.
  • Auro Dry Iron: 1000W fast heating iron.
  • Nutricool Blender: 9-in-1 multi-function blender.
  • ShaktiPress Dry Iron: 1.6 kg heavyweight, 1000W iron.

Fans (Launched in all segments - BLDC, Induction motor, TPW, Exhaust, Ventilators):

  • Strom Next Fan: Aesthetic sleek blade, double ball bearing motor.
  • Gladia Deco BLDC Fan: BLDC motor, RF remote, 5-star rating.
  • Elegance BLDC Fan: BLDC motor, RF remote with Mop Mode.
  • Elite BLDC Fan: Entry-level BLDC fan with 100% copper motor.
  • Orbit Wide Fan: 100% copper motor, aluminum blade.
  • Glam Wide Fan: 100% copper motor, aluminum construction.
  • Era Fan: Wide tip blade, entry-level decorative.
  • Venti X, Orbito Farrata, Fresho, Venti Q, Maxo Vent Exhaust Fans: Various models with 100% copper motors.
  • Brissa TPW fan: Launched in pedestal, wall, and table fan variants.

Strategic Growth Drivers

Key growth initiatives included:

  • Expansion of the e-commerce channel and launch of new e-commerce-centric products.
  • Portfolio expansion in the highest-selling sewing machine ranges.
  • Introduction of a new portfolio in high-growth potential appliance categories.
  • Launch of dealer schemes and engagement programs.
  • The new fan line-up and distribution expansion resulted in 49% growth in the fan segment in Q4.
  • E-commerce initiatives led to 28% growth in sewing machines and >200% growth in appliances in FY25-26.
  • The trade channel grew by 15% in FY25-26 for the sewing machine segment.

New Head Office

The company shifted its new office to the ISID campus in Vasant Kunj, Delhi. The new workspace features open seating arrangements, self-service facilities, and contemporary collaboration spaces designed to foster a growth-oriented culture and digital enablement.

Recognitions & Milestones

  • DSBB and SLBB straight stitch models received the Best Innovation Award from the CII Global Design Summit & Exposition 2025 under the Product Design category.
  • Equity shares were listed on the National Stock Exchange of India Limited (NSE).
  • The SINGER Experience Store at Nehru Place, New Delhi, won the "The Economic Times Award for Design and Creativity - Best Spatial, Environment Design 2026".

Financial Summary – 5 Year Trend

P&L Trend (Values in Rs. Cr):

| Fiscal Year | 2026 | 2025 | 2024 | 2023 | 2022 |

| Revenue | 557.3 | 431.7 | 425.4 | 460.3 | 453.0 |

| EBITDA | 21.5 | 12.6 | 9.1 | 6.3 | 12.7 |

| PBT (before except.) | 18.1 | 10.0 | 6.1 | 3.7 | 9.7 |

| PBT (after except.) | 17.3 | 10.0 | 6.1 | 11.0 | 9.7 |

| PAT (after except.) | 12.8 | 7.4 | 4.5 | 8.3 | 7.7 |

Balance Sheet Summary (Values in Rs. Cr):

| Item / Fiscal Year | 2026 | 2025 | 2024 | 2023 | 2022 |

| Cash & Equivalents | 83 | 62 | 87 | 82 | 24 |

| Trade Receivables | 39 | 45 | 35 | 40 | 50 |

| Inventory | 105 | 105 | 100 | 79 | 73 |

| Shareholders' Equity | 178 | 159 | 145 | 136 | 77 |

| Total Borrowings | - | - | - | - | - |

Key Financial Ratios:

| Ratio / Fiscal Year | 2026 | 2025 | 2024 | 2023 | 2022 |

| Current Ratio (times) | 2.33 | 2.81 | 2.36 | 2.51 | 1.72 |

| Net Profit Ratio (%) | 2.29% | 1.71% | 1.06% | 1.81% | 1.69% |

| Return on Capital Employed (%) | 9.73% | 6.45% | 4.44% | 3.13% | 13.1% |

| Debt to Equity Ratio | - | - | - | - | - |

Notes:

  • Note 1 (ESOP): The company recognized an ESOP expense of ₹2.37 crore (net of tax impact ₹1.74 crore) in FY26 under Ind AS 102 (previous year: ₹4.20 crore, net of tax ₹3.09 crore).
  • Note 2 (Exceptional Items): FY26 exceptional items include an expense of ₹0.73 crore (net of tax ₹0.54 crore) relating to the impact of new labour code changes. FY23 exceptional items included income of ₹7.24 crore (net of tax ₹5.33 crore) on the sale of surplus idle land at the Jammu facility.