Shringar House of Mangalsutra Limited (SHOML), a leading designer, manufacturer, and marketer of mangalsutras, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

For Q2 FY26, SHOML recorded:

• Revenue from operations of ₹5,287.99 crore, up 27.09% year-on-year
• EBITDA of ₹331.00 crore, increasing 35.39% year-on-year
• EBITDA margin improved to 6.26% from 5.88% in Q2 FY25
• Profit After Tax (PAT) of ₹228.49 crore, growing 42.49% year-on-year
• PAT margin expanded to 4.32% from 3.85% in the same quarter last year

For H1 FY26, the company reported:

• Revenue from operations of ₹8,614.05 crore, a 25.36% increase year-on-year
• EBITDA of ₹743.76 crore, up 49.48% compared to H1 FY25
• PAT of ₹513.55 crore, showing a substantial 55.46% growth year-on-year

Key Developments

SHOML successfully completed its Initial Public Offering (IPO) on September 17, 2025, listing its shares on the National Stock Exchange of India Limited (NSE) and BSE Limited. The IPO raised ₹4,009.20 crore through the issuance of 2,43,00,000 equity shares at ₹165 per share.

The company has made significant progress in utilizing its IPO proceeds:

Management Commentary

Chetan N Thadeshwar, Chairman & Managing Director of SHOML, commented on the results: "We are pleased to report strong Q2 FY26 results, driven by robust domestic demand, supportive gold prices, and a richer mix of high-value products. Key margins expanded significantly, underscoring the strength of our operations."

He also announced the launch of the company's signature '24K SHUDDH' Mangalsutra Collection, positioning it as one of India's first HUID-hallmarked collections crafted in pure 24-karat gold.

Strategic Initiatives

SHOML is focusing on several strategic initiatives to drive growth:

1. Strengthening relationships with existing clients
2. Investing in brand-building initiatives
3. Enhancing operational efficiencies
4. Establishing a robust pan-India supply chain to tap into underserved markets

As part of its expansion strategy, the company has recently opened new branch offices in Delhi and Pune.

Outlook

The management remains optimistic about the upcoming festive and wedding season, expecting higher consumer spending to drive demand. With its focus on quality manufacturing, expertise developed over 15 years, and an established clientele of marquee players, SHOML is well-positioned to deliver sustainable, long-term value for its stakeholders.

SHOML's strong performance in Q2 FY26 reflects its solid market position in the mangalsutra segment and effective execution of its growth strategies. As the company continues to expand its reach and introduce innovative products, it is poised for continued success in the evolving Indian jewelry market.

Shringar House of Mangalsutra, a prominent player in the Indian jewelry market, has reported a significant increase in its financial performance for the quarter ended June 30, 2025. The company's unaudited financial results, approved by its Board of Directors on October 7, 2025, reveal substantial growth in both revenue and profitability.

Financial Highlights

Revenue Growth

Shringar House of Mangalsutra witnessed a robust increase in its revenue, which grew to ₹3,326.06 crore in the quarter ended June 30, 2025, up from ₹2,710.65 crore in the same period last year. This represents a year-over-year growth of 22.7%, indicating strong market demand for the company's products.

Profit Surge

The company's net profit saw an impressive jump of 67.7%, reaching ₹285.05 crore compared to ₹169.98 crore in the corresponding quarter of the previous year. This substantial increase in profitability outpaced the revenue growth, suggesting improved operational efficiency and cost management.

Earnings Per Share

Reflecting the strong financial performance, the company's earnings per share (EPS) increased significantly. Both basic and diluted EPS stood at ₹3.95 for the quarter, up from ₹2.40 in the same quarter last year, marking a 64.6% increase.

Market Position

As a key player in the mangalsutra segment of the Indian jewelry market, Shringar House of Mangalsutra's strong financial performance may be indicative of growing consumer demand for traditional jewelry items, particularly in the wedding and ceremonial segments.

Conclusion

Shringar House of Mangalsutra's robust financial results for Q1 FY2026 demonstrate the company's strong market position and operational efficiency. The significant growth in revenue and profitability highlights the company's successful performance in the current market conditions.