Shringar House of Mangalsutra Q1 FY27 Revenue up 65% to ₹548.5 Cr, PAT grows 19.3%
Shringar House of Mangalsutra Limited reported Q1 FY27 results with Revenue from Operations at ₹548.5 crores, a 64.9% YoY growth. Profit After Tax (PAT) increased by 19.3% to ₹34.0 crores. The company highlighted strong momentum in its bridal jewellery segment and plans to deepen partner relationships and expand product offerings.
The announcement details significant financial performance growth in revenue and profit, which directly impacts investor perception and the company's valuation.
The company reported strong year-on-year growth in revenue and profit after tax, along with positive commentary from the Chairman & Managing Director regarding business performance and future outlook.
Shringar House of Mangalsutra Limited (SHOML) has reported its financial results for the quarter ended June 30, 2026. The company announced a significant 64.9% year-on-year growth in revenue from operations, reaching ₹548.5 crores in Q1 FY27, compared to ₹332.6 crores in Q1 FY26. Gross Profit saw a 17.5% increase to ₹57.0 crores, although the Gross Profit Margin decreased to 10.4% from 14.6%. EBITDA rose by 18.7% to ₹48.9 crores, with the EBITDA margin at 8.9%. Profit After Tax (PAT) for the quarter grew by 19.3% to ₹34.0 crores, with a PAT margin of 6.2%. The bridal jewellery segment showed strong momentum during the quarter.
Commenting on the results, Mr. Chetan N Thadeshwar, Chairman & Managing Director, stated, “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 for deeper engagement with our existing and new partners.
Looking ahead, we see significant headroom to scale our franchise as the jewellery ecosystem continues to evolve and organised players gain increasing relevance across the value chain. We remain focused on expanding our distribution footprint, strengthening our product capabilities and building the operational capacity required to support sustainable growth. With a scalable business model, strong retail partnerships and a growing presence across markets, we are confident of building on our current momentum and further strengthening our position in India’s jewellery landscape.”
The company's business operations are supported by an in-house design team of 30 designers and 316 skilled karigars. As of FY26, Shringar House of Mangalsutra served 35 corporate clients, 1,061 wholesalers, and 237 retailers.
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