BSECompany Update2d ago · 7 Nov 2026, 05:36 pm
As per attached PDF
Shringar House of Mangalsutra Ltd · 544512
✦ AI Summary▲ PositiveResults
Shringar House of Mangalsutra Ltd has released its Q2 & H1 FY27 earnings conference call transcript, highlighting a strong performance with healthy growth in revenue and profitability. The company has completed one year since its listing on the stock exchanges and has continued to focus on strengthening its business, building customer relationships, and creating a strong foundation for future growth.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment9/10
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Shringar House of Mangalsutra Ltd - 544512 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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A (S
OUSE oF yancaLsY™y
Date: 7™ 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: Q2 & Half vear ended 30" September, 2026 for the FY26 - 27 Earnings Call - Transcript
Ref: Regulation 30 & 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing
Regulations)
With reference to our intimation filed on 28%" October, 2026, please find enclosed the transcript of the Q2 & half year ended
30™ September, 2026 for the FY 26 -27 Earnings Call held on Thursday, 05" November, 2026 at 03:00 P.M. (IST) for the
quarter and half year ended 30" September, 2026.
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 2" 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.: 49122 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
S€ oF ManaarSUT
“Shringar House of Mangalsutra Limited
Q2 & H1 FY 27 Earnings Conference Call”
November 05, 2026
@ MUFG ‘
MANAGEMENT: MR. CHETAN THADESHWAR — CHAIRMAN AND
MANAGING DIRECTOR — SHRINGAR HOUSE OF
MANGALSUTRA LIMITED
MR. VIRAJ THADESHWAR — EXECUTIVE DIRECTOR
AND CHIEF EXECUTIVE OFFICER — SHRINGAR HOUSE
OF MANGALSUTRA LIMITED
MR. RITESH DOSHI — CHIEF FINANCIAL OFFICER —
SHRINGAR HOUSE OF MANGALSUTRA LIMITED
MR. RACHIT SINHA — COMPANY SECRETARY —
SHRINGAR HOUSE OF MANGALSUTRA LIMITED
MODERATOR: MS. PRADNYA SINGH — MUFG INTIME
Page10f13
Shringar House of Mangalsutra Limited
November 05, 2026
Ladies and gentlemen, good day and welcome to Q2 and H1 FY27 Earnings Conference Call of
Moderator:
Shringar House of Mangalsutra Limited hosted by MUFG Intime. As a reminder, all participants
will be in a listen-only mode, and there will be an opportunity for you to ask questions after the
presentation concludes. Should you need assistance during this conference call, please signal an
operator by pressing star then zero on your touchtone phone.
Please note that this conference is being recorded. I would now hand the conference over to Ms.
Pradnya Singh from MUFG Intime. Thank you, and over to you, ma'am.
Pradnya Singh: Thank you. Good afternoon, everyone. And welcome to the Q2 and HI FY27 Eamings
Conference Call of Shringar House of Mangalsutra Limited. A short disclaimer before we start
this call. This call may contain certain forward-looking statements based on the company's
current beliefs, opinions, and expectations. These statements are not guarantee of future
performance and involve unforeseen risks and uncertainties.
‘With that, T would like to hand this call over to Chetan Thadeshwar, Chairman and Managing
Director, for his opening remarks. Thank you, and over to you, sir.
Good afternoon, everyone. And thank you for joining Q2 and H1 FY27 earning con call. I am
Chetan Thadeshwar:
joined by Mr. Viraj Thadeshwar, our CEO and Mr. Ritesh Doshi, our CFO and Mr. Rachit Sinha,
the Company Secretary. I hope everyone had a chance to go through results and investor
presentation that has been uploaded on stock exchanges and company website. We are pleased
to report a strong performance during first half of FY27.
With revenue and profitability registering healthy growth, this performance reflect the progress
made by the company over the previous year and provides a strong foundation as we move into
the second half of the financial year. September was an important milestone for us as we
completed one year since our listing on the stock exchanges. It has been a meaningful journey
for the company. And over the past years, we have continued to focus on strengthening our
business, building deeper customer relationships, and creating a strong foundation for future
growth.
We would like to thank all our investors, customers, and business partners for the continued trust
and support. Coming to the industry, the demand environment remains encouraging, particularly
with the festive and wedding season underway. We are also seeing growing preferences for
organized and branded jewellery, while volatility and uncertainty in gold price have made
consumers more cautious about their spending.
The demand for the lightweight jewellery, contemporary design, and affordable products
continues to create opportunities. Mangalsutras, being an important part of Indian tradition,
continue to enjoy strong relevance while consumer preference around design and styling are
evolving. At Shringar, we continued to focus on offering designs that meet the changing needs
of our customers.
During the quarter, we remain focused on our customer relationships, expanding our product
offering, and improving our execution capabilities. We are also happy to share that our entry
into Bridal jewellery segment has received encouraging traction. This is an important step forus
Page 2 0f 13
Shringar House of Mangalsutra Limited
November 05, 2026
as it allows us to cater to a wider range of customers' requirements and explore new growth
opportunities by leveraging our existing design and manufacturing strengths.
We are also delighted to share that the company was honored with the Mangalsutra Manufacturer
of the Year Award at the India International jewellery Awards. The recognition is testament to
our designs, capabilities, manufacturing expertise, and the dedication of our entire team. It
further reinforce our commitment to delivering quality products and strenthening our position in
the jewellery manufacturing industry.
Going forward, we will continue to focus on strengthening our market presence, expanding our
customer base and introducing new designs across our product categories. We are particularly
excited about the opportunities in the Bridal segment and will continue to build this business in
ameasured and sustainable manner.
Overall, we remain positive about the opportunities ahead and committed to delivering
consistent growth and long-term value for our shareholders.
‘With this I now conclude my remarks and hand over the call to our CEO, Mr. Viraj Thadeshwar,
who will delve into the business performance. Over to you, Viraj.
Thank you, sir. Good afternoon, everyone. I will now provide you with business performance of
Viraj Thadeshwar:
the company. As part of our long-term expansion strategy, we are in the process of setting up a
wholly-owned subsidiary to expand our presence across the broader jewellery value chain. The
proposed subsidiary will have a diversified business mandate covering the manufacturing,
designing, trading, and distribution of jewellery and accessories across categories, such as gold,
silver, diamond, precious and semi-precious stones, and other materials.
It will also enable us to explore opportunities across both B2B and B2C channels, including
physical retail formats and digital platforms. We see this as an important step towards
diversifying our business, accessing new customer segments, and creating additional avenues
for growth.
Looking at our performance over the last 2 years, we have delivered a strong growth trajectory
with revenue growth at
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