Shringar House of Mangalsutra Limited has informed the Exchange regarding a press release dated May 26, 2026, titled "Press Release in respect of Audited Financial Results for the quarter and year ended March 31, 2026".
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Shringar House of Mangalsutra reported stellar Q4 FY26 results with revenue nearly doubling to Rs. 725.6 crores (up 106.5% Y-o-Y) and PAT more than doubling to Rs. 34 crores (up 123.5% Y-o-Y). Full-year FY26 revenue stood at Rs. 2,245.8 crores with PAT of Rs. 115.5 crores, representing 57.1% and 89% growth respectively. Gross profit margin expanded by 141 bps to 9.4% for the year. The company commissioned a new manufacturing facility in Kandivali, Mumbai, taking annual production capacity from 2,500 kg to 4,000 kg. It also announced strategic entry into the bridal jewellery segment through partnerships with Tanishq and Malabar Gold & Diamonds. The chairman attributed growth to robust volume expansion, favorable gold price movements, and disciplined margin management.
Strong topline and bottom-line growth with margin expansion reflects operational leverage and market share gains. However, a significant portion of revenue growth was driven by gold price tailwinds rather than pure volume or mix improvement, which warrants monitoring as gold prices normalise.