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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.

Why this was an Alfa AlertManagement explicitly guided ~30% growth but achieved 57.1% revenue growth for FY26, representing a >90% beat over their 30% target.
Highlights
Revenue growthFY26 revenue up 57.1% YoY to ₹2,245.8cr.
MarginsFY26 Gross Margin 9.4% (+141bps); EBITDA margin 7.1% (+61bps).
Demand visibilityStrong; backed by 1 crore annual weddings and cultural significance of Mangalsutras.
Management confidenceHigh; citing listing credibility and strategic partnerships with Tanishq and Malabar.

Growth

Q4 revenue up 106.5% to ₹725.6cr; PAT up 123.5% to ₹34cr. FY26 revenue reached ₹2,245.8cr (up 57.1%).

Outlook

Guided ~30% revenue growth for next 2-3 years; targeting bridal segment to reach 33% revenue share in FY27.

Risks

Rising gold prices and import duty hikes; high working capital intensity during transition to outright sale model.

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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