Shringar House of Mangalsutra Limited announced the inauguration of a new branch in Pune, Maharashtra on January 23, 2026. The company informed stock exchanges about this expansion under Regulation 30 and Regulation 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Branch Details

The newly opened branch is strategically located in the heart of Pune's commercial district. The branch details are as follows:

Strategic Expansion Initiative

The opening of this new branch aligns with Shringar House of Mangalsutra Limited's broader strategy to strengthen its operational presence across key markets. The company aims to capitalize on growing business opportunities in Maharashtra and adjoining regions through this expansion.

Expected Benefits

The company anticipates several advantages from this new branch opening:

• Enhanced operational efficiency in the Maharashtra region
• Improved service delivery to clients in Pune and surrounding areas
• Stronger market presence in the western Indian jewelry market
• Better accessibility for customers in the Raviwar Peth commercial area

Regulatory Compliance

Shringar House of Mangalsutra Limited filed the requisite disclosure with both the National Stock Exchange of India Limited (NSE Symbol: SHRINGARMS) and BSE Limited (BSE Scrip Code: 544512). The announcement was signed by Rachit S Sinha, Company Secretary and Compliance Officer, ensuring full regulatory compliance with SEBI listing requirements.

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.