BSECompany Update4d ago · 4 Nov 2026, 07:31 pm
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Shringar House of Mangalsutra Ltd · 544512
✦ AI Summary▲ PositiveResults
Shringar House of Mangalsutra Ltd reported Q2 & H1 FY27 performance with revenue growth of 54.8% YoY and 58.7% YoY respectively, PAT growth of 73.2% YoY and 43.1% YoY respectively, and improved operating cash outflow.
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Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Shringar House of Mangalsutra Ltd - 544512 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: 04th November, 2026
To, To,
Listing/Compliance Department Listing/Compliance Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot No. C/1, Phiroze Jeejeebhoy Towers,
G-Block, Bandra Kurla Complex, Dalal Street,
Bandra (E), Mumbai -400051 Mumbai – 400001
NSE Symbol: SHRINGARMS BSE Scrip Code: 544512
Dear Sir/ Madam,
Subject: Submission of Press Release in respect of Un-audited Financial Results for the quarter and Half
yearly ended 30th September, 2026
Further to the approval of Unaudited Financial Results for the quarter and half yearly ended 30th September, 2026
by the Board of Directors of the Company at its meeting held on 30th September, 2026 and submission of the
same to the Stock Exchanges, we submit herewith Press Release in respect of Financial Results.
This intimation is also being uploaded on the Company’s website at www.shringar.ms
We request you to take the same on record.
Thanking you
Your Faithfully,
For Shringar House of Mangalsutra Limited
Rachit S Sinha
Company Secretary and Compliance Officer
Membership No A64256
Address: Unit No. B-1, Lower Ground Floor,
Jewel World (Cotton Exch Bldg),
175, Kalbadevi Rd, Bhuleshwar,
Mumbai – 400 002, Maharashtra, India
SHRINGAR HOUSE OF MANGALSUTRA LIMITED B1, Jewel World, Cotton Ground, 1st & Part of 2nd Floor, Gala No. 21
CIN No.: L36911MH2009PLC189306 Exchange Building, ABCD, Government Industrial Estate,
(Previously Known as Kalbadevi Road, Mumbai - Charkop, Opp Navakal Press, Near
Shringar House of Mangalsutra Pvt. Ltd.) 400 002 INDIA Hindustan Naka, Kandivali West, Suburban,
• Tel.: +91 22 43 111 222 Maharashtra Mumbai - 400 067
• Tel.: +91 22 40 068 460
Email: office@shringar.ms • Web: www.shringar.ms
Factory Details +91 91374 78031 / +91 70459 97696
Shringar House of Mangalsutra Ltd. reports Q2 & H1 FY27 performance
Q2 Revenue grew by 55%; PAT growth at 73%
Mumbai, Maharashtra, November 4th, 2026 – Shringar House of Mangalsutra Limited (SHOML), one of the
leading designers, manufacturers and marketers of Mangalsutras, reported its Financial Results for the quarter
and half year ended September 30, 2026.
Q2 FY27 Financial Performance Snapshot
Revenue from Gross Profit EBITDA Profit After Tax
Operations
INR 819 crores INR 68 crores INR 55 crores INR 39 crores
55% YoY 53% YoY 69% YoY 73% YoY
Key Financial Highlights
Particulars (INR Cr) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1 FY27 H1 FY26 Y-o-Y
Revenue from Operations 818.7 528.8 54.8% 548.5 49.3% 1367.2 861.4 58.7%
Gross Profit 68.0 44.4 53.1% 57.0 19.4% 125.0 92.9 34.5%
Gross Profit Margin(%) 8.3% 8.4% -10 bps 10.4% -210 bps 9.1% 10.8% -170 bps
EBITDA 55.0 32.6 68.7% 48.9 12.2% 103.9 73.8 40.8%
EBITDA Margin (%) 6.7% 6.2% +50 bps 8.9% -220 bps 7.6% 8.6% -100 bps
Profit After Tax 39.5 22.8 73.2% 34.0 16.1% 73.5 51.4 43.1%
PAT Margin (%) 4.8% 4.3% + 50 bps 6.2% -140 bps 5.4% 6.0% -60 bps
Highlights for the Quarter & Half year
• Revenues for the quarter stood at INR 818.7 Crores, a growth of 54.8% YoY
• EBITDA in Q2 FY27 stood at INR 55.0 crores; a growth of 68.7% YoY while EBITDA margin stood at
6.7%
• Profit after Tax for the quarter stood at INR 39.5 Crores up by 73.2% YoY. Margins stood at 6.2%
• Revenues in H1 FY27 stood at INR 1367.1 Crores, a growth of 58.7% YoY
• EBITDA in H1 FY27 stood at INR 103.9 crores; a growth of 40.8% YoY while EBITDA margin stood at
7.6%
• Profit after Tax for the H1 FY27 stood at INR 73.5 Crores up by 43.1% YoY. Margins stood at 5.4%
• Operating cash outflow improved to ₹ (77.9) crore in H1 FY27 from ₹(412.1) crore in H1 FY26, an
improvement of ₹334.2 crore
Commenting on the Results, Mr. Chetan N Thadeshwar , Chairman & Managing Director said,
“We are pleased to report a strong performance in Q2 and H1 FY27, with revenue from operations growing by
54.8% YoY to ₹818.7 crore in Q2 FY27. EBITDA stood at ₹54.9 crore, with margin at 6.7%, while PAT increased by
73.2% to ₹39.5 crore, with margin at 4.8%. For H1 FY27, revenue grew by 58.7% to ₹1,367.2 crore. EBITDA stood
at ₹103.9 crore, with margin at 7.6%, while PAT increased by 43.1% to ₹73.5 crore, with margin at 5.4%. This
performance was supported by healthy business momentum and continued execution across our operations..
This performance was supported by healthy business momentum and continued execution across our
operation During the quarter, the company was honoured with the Mangalsutra Manufacturer of the Year
Award at the India International Jewellery Awards 2026. This recognition reflects our design capabilities,
manufacturing expertise and the dedication of our team, further reinforcing our commitment to quality and
excellence.
As we build on this momentum, we remain focused on strengthening our customer relationships, expanding our
product portfolio and enhancing our execution capabilities. We are also progressing with the establishment of a
wholly owned subsidiary to expand our presence across jewellery manufacturing, designing, trading and
distribution, while exploring opportunities across both B2B and B2C channels.Looking ahead, our focus remains
on expanding our customer base, strengthening our market presence and introducing new designs across our
product categories. With established customer relationships and ongoing diversification initiatives, we remain
confident of sustaining our growth momentum and creating long-term value for our shareholders”
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, andKalyan 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 30 designers and 316 skilled karigars, enabling
seamless execution from concept to final product.
Investor Relations Advisors: MUFG Intime India Pvt. Ltd.
Name: Ms. Pradnya Singh/ Mr. Sumeet Khaitan
Email: pradnya.singh@in.mpms.mufg.com/ sumeet.khaitan@in.mpms.mufg.com
Tel: +91 9326961021/ +91 7021320701
Meeting Request Link – Link Link
Disclaimer
Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain
assumptions which the Company does not guarantee the fulfilment of. Past performance also should not be simply extrapolated into the
future. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those
expressed or implied. Important developments that could affect the Company’s operations include a downtrend in the industry, global
or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labour
relations, exchange rate fluctuations,technological changes, investment and business income, cash flow projections,interest, and other
costs.The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after
the date thereof.