Shringar House of Mangalsutra Q3 FY26 Revenue Surges 68.4% to ₹658.9 Cr
Shringar House of Mangalsutra Limited reported Q3 FY26 revenue of ₹658.9 crore, a 68.4% YoY increase. PAT rose 134.2% to ₹30.1 crore. For 9M FY26, revenue was ₹1,520.3 crore (up 41.0%) and PAT was ₹81.5 crore (up 77.5%). The company is expanding its operations and distribution network.
Significant growth in key financial metrics like revenue and profit, coupled with strategic expansion plans, is likely to have a substantial positive impact on the company's stock.
The company reported strong year-on-year growth in revenue, gross profit, EBITDA, and profit after tax, indicating a positive financial performance.
Shringar House of Mangalsutra Limited (SHOML) has reported robust financial results for the third quarter and nine months ended December 31, 2025. The company's revenue from operations for Q3 FY26 reached ₹658.9 crores, a significant increase of 68.4% compared to ₹391.3 crores in Q3 FY25. This growth was primarily driven by the positive movement in gold prices and sustained domestic demand.
Gross Profit for the quarter saw a substantial jump of 111.4%, reaching ₹54.7 crores from ₹25.9 crores in the previous year, with Gross Profit Margins improving to 8.3% from 6.6%. EBITDA grew by 105.8% to ₹40.2 crores, with EBITDA margins expanding by 111 basis points to 6.1%. Profit After Tax (PAT) more than doubled, increasing by 134.2% to ₹30.1 crores, with PAT margins improving to 4.6% from 3.3% year-on-year.
For the nine-month period ended December 31, 2025, revenue from operations stood at ₹1,520.3 crores, a 41.0% increase from ₹1,078.5 crores in the corresponding period last year. Gross Profit for 9M FY26 was ₹147.6 crores (up 71.9%), and PAT was ₹81.5 crores (up 77.5%).
Mr. Chetan N Thadeshwar, Chairman & Managing Director, commented on the results, expressing delight over the strong performance, robust margin expansion, and solid profitability. He highlighted the favorable movement in gold prices and sustained domestic demand as key contributors. The company is focusing on strengthening client relationships, investing in design innovation, and enhancing manufacturing capabilities. SHOML has also expanded its footprint with a new branch office in Pune and has onboarded five third-party facilitators to accelerate its national expansion strategy, enhancing distribution capabilities and market reach.
The company remains optimistic about the jewellery sector, driven by positive gold price trends and a supportive demand environment. With over 15 years of industry experience, a strong client base, and a growing product portfolio, SHOML is positioned to deliver long-term value.
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Shringar House of Mangalsutra Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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