Shringar House of Mangalsutra Q4 FY26 PAT Doubles to ₹34 Crore; Revenue Surges 106.5%
Shringar House of Mangalsutra reported Q4 FY26 results with revenue surging 106.5% YoY to ₹725.6 Cr and PAT doubling 123.5% YoY to ₹34 Cr. The company commissioned a new manufacturing facility in Kandivali, increasing capacity to 4,000 kg/annum. They also entered the bridal jewellery segment.
The significant increase in revenue and profit, coupled with capacity expansion and diversification into a new segment, is expected to have a substantial positive impact on the company's financial performance and market position.
The company reported strong year-on-year growth in revenue and profit, alongside strategic expansion initiatives like increased manufacturing capacity and entry into the bridal jewellery segment, indicating positive business performance and future outlook.
Shringar House of Mangalsutra Limited (SHOML) has reported its audited financial results for the quarter and year ended March 31, 2026. The company announced a significant 106.5% year-on-year growth in revenue from operations for Q4 FY26, reaching ₹725.6 Crores, compared to ₹351.4 Crores in Q4 FY25. This surge was primarily attributed to favorable movements in gold prices.
Profit After Tax (PAT) for the quarter more than doubled, growing by 123.5% year-on-year to ₹34 Crores, up from ₹15.2 Crores in the same period last year. This increase in profitability was driven by improved margins across all levels.
During the quarter, SHOML commissioned and operationalized a new manufacturing facility in Kandivali, Mumbai. This expansion increases the company's production capacity from 2,500 kg to 4,000 kg per annum, enhancing its ability to meet growing demand.
Furthermore, the company announced its strategic entry into the bridal jewellery segment, broadening its product portfolio into a high-growth category. Sales have commenced through major partners like Tanishq and Malabar Gold & Diamonds, showing encouraging initial traction.
For the full fiscal year 2026, revenue from operations stood at ₹2245.8 Crores, a 57.1% increase compared to ₹1429.8 Crores in FY25. Full-year PAT was ₹115.5 Crores, an 89.0% rise from ₹61.1 Crores in the previous fiscal year.
Mr. Chetan N Thadeshwar, Chairman & Managing Director, commented, "We are pleased to conclude the quarter with a near doubling of our Profit After Tax on a year-on-year basis, driven by robust volume growth, favorable gold price movements, and disciplined margin management." He highlighted FY26 as a landmark year, marked by the successful completion of the company's listing and strategic expansion, including the inauguration of a new branch office in Pune and enhanced manufacturing capabilities.
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