Singer India Limited reported strong financial performance for the quarter ended June 30, 2026, with revenue rising 57% year-on-year to ₹144.5 crore. The company’s profit before tax (PBT) increased by 225% to ₹4 crore, and EBITDA grew by 330% to ₹5.5 crore. This growth was primarily driven by the sewing machine segment, which recorded a 74% revenue increase, while the appliances segment faced headwinds from rising commodity costs.

Financial Highlights

The management attributed the overall growth to sustained momentum in the sewing machine category, particularly in the trade and e-commerce channels. Despite challenges such as commodity price volatility and labor shortages, the company maintained its market share through innovative product launches and improved dealer engagement.

Segment Performance

Sewing Machines: The sewing machine segment delivered robust growth of 74% in Q1. Key drivers included:

• Trade channel growth exceeding 25%.
• Zigzag machines, representing the future of household sewing, grew by more than 20%.
• E-commerce sales rose by over 55%.

Singer India also began manufacturing Zigzag machines domestically at its Jammu factory, marking a significant step in its 'Make in India' initiative. This local production aims to reduce dependence on imports and improve supply chain resilience.

Appliances: The appliances segment saw revenue growth of approximately 15%, driven by expansion in trade, e-commerce, and the fan business. However, the segment’s result was lower by ₹74 lakh compared to Q1FY26. Management cited the impact of Extended Producer Responsibility (EPR) costs, estimated at ₹1.2 crore for the quarter, and investments in organizational strengthening as key factors.

Operational Updates

• New Factory: Construction of a new facility in Bhiwadi, Rajasthan, is progressing well. Pilot production is planned for the second half of FY27, initially focusing on Zigzag machines with an initial capacity of 10,000+ units per month.
• BIS Compliance: The revised BIS standard IS 15449 for sewing machines came into effect on August 12, 2026. Singer India confirmed it is fully compliant and is the only manufacturer in India producing machines under the new standards.
• Kendriya Bhandar Order: The company aims to complete its pending order worth ₹202 crore by the end of the quarter. A built-in clause allows for a 25% volume expansion if beneficiary enrollment increases.

Cash Flow & Balance Sheet

Operating cash flow before working capital changes stood at ₹4.35 crore. Significant cash deployment of ₹32 crore was directed toward inventory buildup, including:

• ₹14.3 crore in advances for Zigzag machine imports from Singer Sourcing LLC.
• ₹4 crore in advances for industrial sewing machine imports.
• Strategic inventory accumulation for the Pradhan Mantri Vishwakarma Yojana (PMY) order completion.

The closing cash and bank balance, including liquid investments, remained at approximately ₹58 crore. Management emphasized a cautious approach to capital allocation, prioritizing organic growth and asset-light manufacturing expansion before considering inorganic opportunities.

What the Numbers Show

The divergence between the top-line growth and the appliances segment’s profitability highlights the transitional phase Singer India is undergoing. While the core sewing machine business drives substantial revenue and margin expansion, the appliances segment remains a drag on overall profitability due to regulatory costs (EPR) and strategic investments. The heavy cash outflow toward inventory imports, despite domestic manufacturing ramp-up, suggests a deliberate strategy to de-risk supply chain disruptions during the transition period, ensuring continuity of supply as domestic capacity scales up.

Singer India Limited Singer India Limited reported a return to profitability in the first quarter of FY27, with net profit rising to ₹3.00 crore from a loss of ₹2.36 crore in the corresponding period of FY26. The company’s revenue from operations grew 57% year-on-year to ₹144.55 crore, reflecting robust demand in its core business segments.

The Board of Directors approved the unaudited financial results on August 12, 2026. B S R & Co. LLP served as the statutory auditor, issuing an unmodified limited review report on the interim financial information prepared under Ind AS 34. The results were filed with stock exchanges on August 13, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue growth was broad-based but led by the sewing machines division. Total income stood at ₹146.47 crore, including other income of ₹1.92 crore. Expenses were managed effectively, with total expenses at ₹142.43 crore against total income, resulting in a profit before tax of ₹4.04 crore.

Earnings per share (basic) were ₹0.48, compared to a loss per share of ₹0.38 in Q1FY26.

Segment Analysis

The sewing machines and related accessories segment remained the primary profit driver, contributing ₹115.04 crore to revenue and reporting a segment result of ₹12.74 crore. This compares to ₹66.43 crore in revenue and ₹4.74 crore in segment result for the same quarter last year.

In contrast, the domestic appliances segment continued to operate at a loss. It generated ₹29.51 crore in revenue but reported a segment loss of ₹3.10 crore, widening slightly from a loss of ₹2.36 crore in Q1FY26.

What the Numbers Show

The divergence between segment profitability and consolidated net profit highlights the impact of unallocated costs. While the sewing machines segment delivered a healthy margin, the company incurred ₹6.16 crore in unallocable other expenses during the quarter. These overheads, combined with the losses in the domestic appliances unit, absorbed a significant portion of the operating surplus generated by the core business.

Balance Sheet and Capital Structure

Total assets increased to ₹290.32 crore as on June 30, 2026, from ₹231.61 crore a year earlier. This expansion was driven by growth in the sewing machines segment, where assets rose to ₹159.33 crore from ₹113.01 crore. Total liabilities stood at ₹108.69 crore.

During FY26, the company raised ₹448.55 lakh through a preferential allotment of equity shares at ₹79.59 per share. The proceeds are designated for expanding manufacturing facilities and developing tools and equipment for sewing machines, with utilization planned by March 31, 2028.

Dividend and Governance

The Board proposed a final dividend of ₹0.40 per equity share for FY26, which was approved by shareholders at the Annual General Meeting held on August 7, 2026. The company continues to implement its Employee Stock Option Plan 2023, with 21.44 lakh options currently vested.