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Earnings Call

Shringar House of Mangalsutra Earnings Call: Key Takeaways

Shringar House of Mangalsutra Ltd delivered robust FY26 growth, doubling PAT while pivoting from low-margin job-work to higher-margin outright sales and entering the lucrative bridal segment.

Why this was an Alfa AlertNot a filter event. Results align with prior growth guidance without a material 10% beat on guidance upper ends.
Highlights
Revenue growthFY26 revenue surged 57% YoY to ₹2,245.8 crore.
MarginsGross margin expanded 141 bps to 9.4% due to sales mix.
Demand visibilityStrong bridal and Mangalsutra demand driven by rising Indian wedding counts.
Management confidenceExtremely confident, emphasizing transition from job-work to outright sales dominance.

Growth

FY26 Revenue up 57% YoY (₹2,245.8 cr) with PAT rising 89% (₹115.5 cr) as outright sales gain traction.

Outlook

Management guides ~30% growth for next 2-3 years, targeting bridal jewelry to match Mangalsutra volumes by FY29.

Risks

High gold price volatility impacts working capital and debt requirements; significant negative cash flow due to inventory buildup.

Source

Earnings Call filed with BSE, NSE: SHRINGARMS. Summary written with AI assistance from the document.

Read the document ↗

Shringar House of Mangalsutra Ltd: key numbers

Share price
₹214.06
Market cap
₹2,064 Cr
Revenue (annual)
₹2,246 Cr
Net profit (annual)
₹115.5 Cr
P/E (TTM)
17.1×Sector 55.7×
Promoter holding
74.80%+0.00% QoQ
FII holding
2.92%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Earnings Call

Shringar House of Mangalsutra Earnings Call: Key Takeaways

Shringar House of Mangalsutra delivered robust Q4 FY26 results with 106.5% YoY revenue growth, driven by a strategic shift toward organized retail and entry into the bridal jewelry segment.