Shringar House of Mangalsutra Q4 FY26 Revenue Surges 106% to ₹725.6 Cr
Shringar House of Mangalsutra reported a 106.5% revenue increase to ₹725.6 crore in Q4 FY26. Full-year revenue grew 57.1% to ₹2245.8 crore. PAT surged 123.5% to ₹34.0 crore in Q4 FY26. The company invested ₹15 crore in capacity expansion and is entering the bridal jewellery segment.
The substantial revenue growth, improved profitability margins, and strategic expansion into a high-potential segment like bridal jewellery are material developments that are likely to significantly impact investor perception and the company's future performance.
The company reported strong year-on-year growth in revenue, gross profit, EBITDA, and profit after tax for both the fourth quarter and the full fiscal year. Significant investments in capacity expansion and strategic entry into the bridal jewellery segment also indicate positive future prospects.
Shringar House of Mangalsutra Limited has announced its financial results for the fourth quarter and full fiscal year ended March 31, 2026. The company reported a significant increase in revenue from operations, which grew by 106.5% to ₹725.6 crore in Q4 FY26, compared to ₹351.4 crore in Q4 FY25. For the full fiscal year FY26, revenue from operations reached ₹2245.8 crore, a 57.1% jump from ₹1429.8 crore in FY25.
Gross profit for the fourth quarter rose by 122.9% to ₹64.5 crore (Q4 FY25: ₹28.9 crore), with the gross margin improving to 8.9% from 8.2%. EBITDA saw a substantial increase of 93.7% to ₹44.7 crore in Q4 FY26 (Q4 FY25: ₹23.1 crore), while EBITDA margin stood at 6.2%. Profit After Tax (PAT) surged by 123.5% to ₹34.0 crore in Q4 FY26 from ₹15.2 crore in the same period last year. The PAT margin improved to 4.7% from 4.3% year-on-year.
For the full fiscal year FY26, PAT increased by 89.0% to ₹115.5 crore from ₹61.1 crore in FY25. The company's balance sheet shows total assets growing to ₹891.7 crore in FY26 from ₹375.7 crore in FY25, with total equity increasing to ₹677.8 crore from ₹200.8 crore. The company has invested approximately ₹15 crore via internal accruals to expand capacity and upgrade machinery at its new Kandivali facility, which resumed commercial production on February 23, 2026.
The investor presentation highlights the company's strengths, including its integrated manufacturing capabilities, a diverse product portfolio of over 10,000 SKUs, and long-standing partnerships with marquee clients such as Titan and Malabar Gold. Shringar House of Mangalsutra is also strategically entering the bridal jewellery segment, a market estimated to grow at a CAGR of 5.6% and where bridal jewellery accounts for 23-25% of wedding costs.
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