Shringar House of Mangalsutra LimitedQ1 FY27 Results & Financial Update
Shringar House of Mangalsutra Limited: Q1 FY27 standalone results and company financials – revenue ₹548.45 Cr, PAT ₹340.00 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Shringar House of Mangalsutra Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Shringar House of Mangalsutra Limited reported financial results for the quarter ended June 30, 2026, delivering steady year-over-year revenue and profit growth driven by healthy volume momentum.
Revenue from operations reached INR 548.45 crore, representing a significant increase compared to INR 332.61 crore in the corresponding quarter of the previous year.
Total income for the quarter stood at INR 549.83 crore, bolstered by additional other income during the period under review.
Profit before tax (PBT) grew to INR 469.33 crore compared to INR 382.55 crore in Q1 FY26, while Profit after tax (PAT) reached INR 340.00 crore.
The bridal jewellery vertical continued to perform exceptionally well during the quarter, generating strong product acceptance and reinforcing management's confidence in its long-term potential.
Management highlighted that strong retail partnerships and operational stability enabled the business to sustain healthy traction across its pan-India distribution network.
The company operates in a single segment focused on the manufacturing and trading of Mangalsutras, with no separate segment reporting required under Ind AS 108.
01 · Business model
What does Shringar House of Mangalsutra do?
Shringar House of Mangalsutra Limited specializes in the design, production, and distribution of a wide array of Mangalsutras across India, maintaining a portfolio of over 15 distinct collections and more than 10,000 active SKUs.
The company serves a diverse customer base spanning corporate buyers, wholesale distributors, and retail partners operating pan-India across 24 states and 4 union territories.
Prominent corporate clients include industry leaders such as Malabar Gold, Titan, Reliance Retail, Novel Jewel, Joyalukkas, PN Gadgil Jewellers, and Kalyan Jewellers (UAE).
Operations are supported by a dedicated in-house design team comprising 30 designers and 316 skilled karigars, enabling seamless execution from concept to final product.
02 · Historical context
What shaped the business before this quarter
The company completed its Initial Public Offering of 2,43,00,000 equity shares of face value INR 10 each at an issue price of INR 165 per share, successfully listing on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) with effect from 17 September 2025.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Q1 FY27 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹548.45 Cr | ₹332.61 Cr | ₹725.56 Cr |
| Total income | ₹549.84 Cr | ₹332.67 Cr | ₹727.50 Cr |
| Profit before tax | ₹469.33 Cr | ₹382.55 Cr | ₹438.89 Cr |
| Profit after tax | ₹340.00 Cr | ₹285.05 Cr | ₹340.05 Cr |
| EPS | ₹35.25 | ₹29.50 | ₹35.26 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 62.0% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 85.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹1.38 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
The bridal jewellery vertical continued to gain strong momentum during the quarter, supported by solid product acceptance and growing demand from retail partners.
Steady demand across a vast network of corporate buyers, wholesalers, and retail partners drove healthy volume growth across the business.
What drove margins
The company maintained operational stability and effective execution, balancing raw material consumption, employee benefit expenses, and finance costs during the quarter.
05 · Segments, products & geography
Which parts of the business are doing the work
Geography and market mix
The company's clientele spans across 24 states and 4 union territories in India, alongside international corporate relationships such as Kalyan Jewellers in the UAE.
06 · Strategy & new businesses
How the company is trying to change its growth mix
Management remains focused on expanding the distribution footprint, strengthening product capabilities, and building operational capacity to support long-term sustainable growth.
07 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Out of the net IPO proceeds, INR 2,800.00 million was allocated for working capital requirements, INR 557.79 million for general corporate purposes, and INR 395.63 million for issue expenses. As of June 30, 2026, INR 2.54 million remained unutilised and was held in the company's Kotak Bank account.
08 · Key Q&A
The quarter, answered directly
What does Shringar House of Mangalsutra do?
Shringar House of Mangalsutra Limited specializes in the design, production, and distribution of a wide array of Mangalsutras across India, maintaining a portfolio of over 15 distinct collections and more than 10,000 active SKUs.
What is the clearest takeaway from Q1 FY27?
Shringar House of Mangalsutra Limited reported financial results for the quarter ended June 30, 2026, delivering steady year-over-year revenue and profit growth driven by healthy volume momentum.
What drove revenue or demand?
The bridal jewellery vertical continued to gain strong momentum during the quarter, supported by solid product acceptance and growing demand from retail partners.
What mattered most for margins or profitability?
The company maintained operational stability and effective execution, balancing raw material consumption, employee benefit expenses, and finance costs during the quarter.
What changed operationally beyond the headline numbers?
Management remains focused on expanding the distribution footprint, strengthening product capabilities, and building operational capacity to support long-term sustainable growth.
What should the next disclosure help confirm?
Monitor the full utilization of the remaining unutilised IPO proceeds amounting to INR 2.54 million held in the Kotak Bank account.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
IPO Proceeds Deployment: Monitor the full utilization of the remaining unutilised IPO proceeds amounting to INR 2.54 million held in the Kotak Bank account.
- 02
Bridal Segment Traction: Track continued demand momentum and expansion within the bridal jewellery vertical across the retail partner network.
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