ALFA Finder| Revenue growth | Q2 revenue +54.8% YoY to ₹818.7 Cr; volume +10%. |
|---|---|
| Margins | EBITDA margin 6.7% in Q2, +50 bps YoY; H1 7.6%. |
| Demand visibility | Festive/wedding demand encouraging; gold volatility making consumers cautious. |
| Management confidence | Optimistic; evasive on cash-flow targets, no numeric guidance. |
Growth
Q2 revenue +54.8% against ~10% volume growth: value-led. EBITDA +68.7%, margin up 50 bps to 6.7%.
Outlook
No quantified FY27 guidance; H2 'record' expectation is qualitative. Subsidiary planned; capex and funding size not disclosed.
Risks
Working capital rose ~₹152 Cr in H1; cash-flow target withheld. Gold hedging/metal-loan exposure; employee cost up ~67% YoY in Q2.
Last quarter's promises, checked
Delivered
- Guided ~30% value CAGR (2-3 yrs) → Q2 revenue +54.8% YoY, single quarter, value-led (= BEAT)
Missed
- Guided volume growth 30-35% if gold steady → Q2 volume +10% (= MISS)
- Guided bridal ~one-third of revenue this year → bridal ~10% of sales (= MISS)
- Guided positive cash flow within ~2 quarters → H1 working-capital build ~₹152 Cr, no cash-flow target (= MISS)
Earnings Call Transcript filed with BSE, NSE: SHRINGARMS. Summary written with AI assistance from the document.
Shringar House of Mangalsutra Ltd: key numbers
- Share price
- ₹319.80
- Market cap
- ₹3,084 Cr
- Revenue (annual)
- ₹2,246 Cr
- Net profit (annual)
- ₹115.5 Cr
- P/E (TTM)
- 22.4×Sector 48.2×
- Promoter holding
- 74.80%+0.00% QoQ
- FII holding
- 3.03%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Shringar House of Mangalsutra Ltd
All →Shringar House of Mangalsutra Results Update
Shringar House of Mangalsutra issued a press release on Q2 FY27 results, with revenue up 54.8% year on year. Profit after tax rose 73.2% in the quarter.
Shringar House of Mangalsutra Investor Presentation: Key Takeaways
H1 FY27 revenue ₹1,367 Cr (+58.7%), PAT ₹73.5 Cr (+43.1%), EBITDA margin 7.6%. Q2 FY27 revenue ₹819 Cr (+55%), PAT ₹39 Cr (+73%). Bridal jewellery entry; new 4,000 kg capacity.
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- Value
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Shringar House of Mangalsutra Other Announcement
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Shringar House of Mangalsutra Q2 FY27 Results: Net Profit ₹39.5 Cr, Up 73.2% YoY
Shringar House of Mangalsutra approved unaudited standalone financial results for the quarter and half year ended September 30, 2026. The Board meeting concluded on November 4, 2026.
- Key figure
- Net profit ₹39.5 Cr · +73.2% YoY
Shringar House of Mangalsutra Board Meeting Date
Shringar House of Mangalsutra Ltd intimated a board meeting on 04 November 2026 to consider standalone unaudited financial results for the quarter and half year ended 30 September 2026. The trading window remains closed until 48 hours after results announcement.