Shringar House of Mangalsutra Reports Strong Q1 FY27 Results; Revenue Jumps 64.9% YoY, PAT Grows 19.3%
Mumbai: Shringar House of Mangalsutra Limited (SHOML), a designer and manufacturer in the jewellery sector, has reported its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27) ended June 30, 2026. The company reported significant growth across key metrics, with Revenue from Operations rising by 64.9% year-over-year (YoY).The financial results showcase a robust performance for the company, particularly noting strong momentum in the bridal jewellery segment.
Q1 FY27 Financial Performance Snapshot
SHOML's Q1 FY27 saw key metrics across the board. Revenue from Operations reached INR 548.5 crores. Gross Profit stood at INR 57.0 crores, which represented a 17.5% YoY increase. Profit After Tax (PAT) for the quarter was recorded at INR 34.0 crores, reflecting a solid 19.3% growth YoY.The company’s performance across various financial metrics is detailed below:
| Particulars (INR Cr) | Q1 FY27 | Q1 FY26 | Y-o-Y Change |
|---|---|---|---|
| Revenue from Operations | 548.5 | 332.6 | 64.9% |
| Gross Profit | 57.0 | 48.5 | 17.5% |
| EBITDA | 48.9 | 41.2 | 18.7% |
| Profit After Tax (PAT) | 34.0 | 28.5 | 19.3% |
The company's operating efficiency metrics were also maintained, with the Gross Profit Margin standing at 10.4%.
Management Commentary and Outlook
Commenting on the results, Chetan N Thadeshwar, Chairman & Managing Director of SHOML, stated that the company started FY27 on a positive footing, driven by steady growth in both Revenues and PAT.He highlighted that this performance is supported by healthy volume growth across the business verticals and reflects the resilience of the company's model. The bridal jewellery vertical delivered robust momentum during the quarter, thanks to strong product acceptance and increasing demand from its partners, which reinforces confidence in its long-term potential.
Mr. Thadeshwar noted that beyond the current performance, the company remains focused on expanding its distribution footprint and strengthening product capabilities. He stated that there is significant headroom to scale the franchise as the jewellery ecosystem continues to evolve, enabling SHOML to build on its momentum and strengthen its position in India's jewellery landscape.
Company Profile
Shringar House of Mangalsutra Limited specializes in the design, production, and distribution of a wide array of Mangalsutras across India. The company manages a portfolio comprising over 15 distinct collections and more than 10,000 active Stock Keeping Units (SKUs).SHOML serves a diverse clientele base, including corporate buyers, wholesale distributors, and retail partners operating pan-India in 24 states and 4 union territories. Notable among its corporate clients are industry leaders such as Malabar Gold, Titan, Reliance Retail, Novel Jewel, Joyalukkas, PN Gadgil Jewellers, and Kalyan Jewellers (UAE).
As of FY26, the company maintained operations supported by a team that included 30 designers and 316 skilled karigars.
SHRINGARMS Stock Price Movement
Shares of Shringar House of Mangalsutra Limited today slipped by 1.44% in post-market trading, settling at ₹229.71. The stock saw a daily volume of 829,910 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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