Singer India FY26 profit rises 73% on robust revenue growth

2 min read Updated on 28 May 2026, 05:22 PM

Reviewed by

Riya DScanX News Team

AI Summary

Singer India Limited reported a 72.7% rise in PAT to ₹12.8 crore for FY26, supported by a 29.1% increase in revenue to ₹557.3 crore and a 70% surge in EBITDA to ₹21.5 crore. The sewing machine segment drove growth, while the home appliances segment saw a decline. The Board recommended a final dividend of ₹0.40 per share, pending shareholder approval.

*this image is generated using AI for illustrative purposes only.

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.

Metric (₹ Cr)	Q4 FY26	Q4 FY25	FY 2026	FY 2025
Revenue from operations	166.3	121.7	557.3	431.7
EBITDA	9.3	6.3	21.5	12.6
PBT	8.0	5.6	17.3	10.0
PAT	5.9	4.1	12.8	7.4

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.

Segment	Period	Sewing Machine (₹ Cr)	Home Appliance (₹ Cr)	Total (₹ Cr)
FY 2026	TY	52.4	-10.5	41.9
FY 2025	LY	34.0	-1.6	32.4

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.

Historical Stock Returns for Singer

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.53%	+4.55%	-5.16%	-0.72%	-0.72%	-0.72%

What strategies will Singer India implement to reverse the decline in the home appliances segment given the muted demand for cooling products?

Will the company continue to prioritize cost optimization measures to maintain the improved EBITDA margins in the upcoming fiscal year?

How does the recent NSE listing impact the company's future capital allocation plans and shareholder return policies?

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Singer India reports ₹427.63 lakh in related party transactions

2 min read Updated on 28 May 2026, 04:34 PM

Reviewed by

Naman SScanX News Team

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AI Summary

Singer India Limited disclosed related party transactions totaling ₹427.63 lakh for the half year ended March 31, 2026, pursuant to Regulation 23(9) of SEBI regulations. The transactions primarily include remuneration for senior management, sitting fees for independent directors, and employee share-based payment expenses.

*this image is generated using AI for illustrative purposes only.

Singer India Limited disclosed related party transactions totaling ₹427.63 lakh for the half year ended March 31, 2026. The filing, submitted to the stock exchanges on May 27, 2026, details payments made to key managerial personnel and directors pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.

The majority of the transaction value was attributed to remuneration for senior management. Mr. Rakesh Khanna, Vice Chairman & Managing Director, accounted for ₹301.47 lakh, while Mr. Subhash Chand Nigral, Chief Financial Officer, received ₹36.48 lakh. Ms. Rupinder Kaur, the Company Secretary and Compliance Officer, was paid ₹8.21 lakh during the period.

Directors also received compensation through sitting fees and expense reimbursements. Independent directors Mr. Rajesh Relan, Mr. Sanil Duggal, and Mr. Hemant Sachdev received sitting fees totaling ₹4.86 lakh, ₹5.10 lakh, and ₹3.90 lakh respectively. Reimbursements for expenses were also recorded for Mr. Hetal Madhukant Gandhi (₹0.24 lakh) and Mr. Rajesh Relan (₹0.35 lakh).

Employee share-based payment expenses were recorded for several related parties, including Mr. Rakesh Khanna (₹40.00 lakh), Mr. Subhash Chand Nigral (₹12.95 lakh), and non-executive directors Mr. Hetal Madhukant Gandhi and Mr. Maneesh Mansingka (₹6.63 lakh each). The audit committee had not approved any specific value for these transactions prior to their occurrence, as indicated in the filing.

The following table summarizes the related party transactions for the half year ended March 31, 2026:

Sr. No.	Related Party	Relationship	Transaction Type	Value (₹ in Lakhs)
1	Mr. Rakesh Khanna	Vice Chairman & Managing Director	Remuneration	301.47
2	Mr. Rakesh Khanna	Vice Chairman & Managing Director	Employee Share based payment expenses	40.00
3	Mr. Subhash Chand Nigral	Chief Financial Officer	Remuneration	36.48
4	Mr. Subhash Chand Nigral	Chief Financial Officer	Employee Share based payment expenses	12.95
5	Ms. Rupinder Kaur	Company Secretary	Remuneration	8.21
6	Mr. Hetal Madhukant Gandhi	Non Executive Non Independent Director	Reimbursement of Expenses	0.44
7	Mr. Hetal Madhukant Gandhi	Non Executive Non Independent Director	Employee Share based payment expenses	6.63
8	Mr. Maneesh Mansingka	Non Executive Non Independent Director	Employee Share based payment expenses	6.63
9	Mr. Rajesh Relan	Non Executive Independent Director	Reimbursement of Expenses	0.35
10	Mr. Rajesh Relan	Non Executive Independent Director	Sitting Fee	4.86
11	Mr. Sanil Duggal	Non Executive Independent Director	Reimbursement of Expenses	0.67
12	Mr. Sanil Duggal	Non Executive Independent Director	Sitting Fee	5.10
13	Mr. Hemant Sachdev	Non Executive Independent Director	Sitting Fee	3.90
Total				427.63

Historical Stock Returns for Singer

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.53%	+4.55%	-5.16%	-0.72%	-0.72%	-0.72%

How will the significant remuneration allocated to the Vice Chairman & Managing Director impact the company's operational profitability in the second half of the fiscal year?

What are the strategic performance targets linked to the employee share-based payment expenses for key managerial personnel?

Will the company seek retroactive approval from the audit committee for these transactions, or modify its governance protocols to ensure pre-approval for future periods?