Retail Holdings (India) B.V. has confirmed that it did not encumber any shares of Singer India Ltd during the financial year ended March 31, 2026. The disclosure, submitted to BSE Limited and National Stock Exchange of India Ltd, confirms that the entity held 1,89,67,940 shares as of the specified date without creating any charge or lien on them.

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation requires significant shareholders to disclose details regarding any encumbrance on their holdings to ensure transparency in the market.

Shareholding Details

The filing provides specific data regarding the shareholding status of Retail Holdings (India) B.V. as of the financial year-end.

The communication was signed by Rakesh Khanna, Authorized Signatory for Retail Holdings (India) B.V., and addressed from New Delhi. Copies of the disclosure were also forwarded to the Audit Committee of Singer India Ltd and the Institute for Studies in Industrial Development (ISID).

Singer India Limited reported a 72.7% increase in profit after tax (PAT) to ₹12.8 crore for the financial year ended March 31, 2026 (FY26), driven by strong operational performance and revenue growth. The company’s revenue from operations rose 29.1% to ₹557.3 crore in FY26, while earnings before interest, taxes, depreciation, and amortization (EBITDA) surged 70.0% to ₹21.5 crore. For the fourth quarter ended March 31, 2026 (Q4FY26), revenue increased 36.7% year-on-year to ₹166.3 crore, with PAT growing 45.7% to ₹5.9 crore. The Board of Directors has recommended a final dividend of ₹0.40 per equity share for FY26, subject to shareholder approval at the ensuing Annual General Meeting.

Financial Performance

The sewing machine segment was the primary driver of growth, recording revenue of ₹452.5 crore in FY26 compared to ₹319.3 crore in the previous year. The home appliances segment reported revenue of ₹104.8 crore, a decline from ₹112.4 crore in the prior year, attributed to muted demand for cooling and heating products. The company’s gross margin for FY26 stood at ₹149.5 crore, a 21.7% increase over the previous year.

Profit before tax (PBT) for FY26 was ₹17.3 crore, an increase of 72.6%. The financial results include an exceptional item of ₹0.73 crore relating to the one-time impact of the New Labour code. Excluding this exceptional item, PBT for FY26 stood at ₹18.1 crore, representing an 80% growth over the previous year.

Segment Results and Growth Drivers

The sewing machine category grew by over 40% in FY26, with the trade channel growing more than 15% and the e-commerce channel expanding by over 25%. The cast iron sewing machine and related accessories category grew by more than 50%, while AZZ sewing machines recorded healthy growth of 30%. The appliance segment reported 9% business growth during Q4FY26 due to a new fan line-up and e-commerce expansion.

Strategic initiatives during the year included the introduction of a new fan line-up, which resulted in a 49% growth in the fan segment during Q4FY26. The company also focused on cost optimization, reducing selling, general, and administrative (SGA) expenses as a percentage of revenue from 24% in the previous year to 21.85% in FY26, despite an absolute increase in SGA expenses of ₹17.9 crore due to organizational investments.

Operational Highlights

Singer India expanded its distribution network, reaching over 10,000 retailers and maintaining 445 service centers pan India. The company shifted its head office to the ISID campus in Vasant Kunj, Delhi, designed to foster collaboration and digital enablement. Additionally, the company listed its equity shares on the National Stock Exchange of India Limited (NSE) on March 19, 2026.

Management Commentary

Management attributed the sustained growth momentum to market share gains across channels, driven by innovative products and deeper dealer engagement. The company noted that the sewing machine category grew by around 45% in Q4 and over 40% for the year, with Zigzag machines growing by more than 30% and industrial sewing machines increasing by over 13% in the quarter. The trade channel grew close to 20% in Q4.

Regarding the appliances segment, management indicated that while revenue grew by around 10% in Q4, the segment result was lower by approximately ₹2 crore due to the impact of Extended Producer Responsibility (EPR) and investments in the fan business. The fan business grew by around 50% in Q4, driven by a new product range covering Economy, Base, Decorative, BLDC, TPW, and Exhaust Fans.

Future Outlook

The company has commenced assembly of ZigZag Machines in India and leased premises for a new factory in Bhiwadi, Rajasthan, with production expected to commence in the second half of the year. This facility will primarily focus on manufacturing ZigZag machines, with the capability to assemble industrial sewing machines and selected consumer appliances in due course. Management indicated that capital expenditure for this facility could reach ₹90 crore over a three-year period. The company remains confident about the long-term opportunity in the appliances segment despite temporary challenges.