Highlights

• Revenue from operations in Q2 FY26 grew 27.1% year-on-year to ₹5,287.9 million, driven by a mix of high-value products.
• EBITDA rose 35.4% to ₹331.0 million, with the margin expanding to 6.3% in Q2 FY26.
• Profit after tax for the quarter increased 42.5% to ₹228.5 million, with PAT margin reaching 4.3%.

Shringar House of Mangalsutra Limited (NSE:SHRINGARMS), a leading designer and manufacturer of Mangalsutras, has reported its unaudited financial results for the quarter and half-year ended September 30, 2025. The company recorded a significant increase in revenue, gross profit, EBITDA, and profit after tax, supported by high-value product offerings and favorable trends in gold prices.

Revenue and Earnings Performance

For the quarter ended September 30, 2025, SHOML posted revenue from operations of ₹5,287.9 million, compared to ₹4,160.7 million in the same quarter last year, marking a 27.1% increase. Gross profit for Q2 FY26 reached ₹444.1 million, up 51.1% from ₹293.9 million in Q2 FY25. Gross profit margin expanded by 134 basis points to 8.4%.

EBITDA, including other income, rose 35.4% to ₹331.0 million for the quarter, compared to ₹244.5 million in Q2 FY25. The EBITDA margin improved to 6.3%, up 38 basis points year-on-year. Profit after tax climbed to ₹228.5 million, representing a 42.5% increase from ₹160.4 million in the corresponding period last year, with PAT margins increasing by 47 basis points to 4.3%.

For the first half of FY26, revenue reached ₹8,614.1 million, up 25.4% from ₹6,871.3 million in H1 FY25. Gross profit was ₹929.0 million, a 54.8% increase over the previous year, while EBITDA stood at ₹743.8 million, showing 49.5% growth. Profit after tax for the half-year period was ₹513.5 million, up 55.5% from H1 FY25, with margins rising to 6.0%.

Product Launches and Strategic Initiatives

In Q2 FY26, SHOML launched its “24K SHUDDH” Collection, a pioneering HUID Hallmarked Mangalsutra line crafted entirely from pure 24-karat gold. The collection is among the first of its kind in India and is expected to enhance the company’s high-value product portfolio.

Market Reach and Operations

Shringar House of Mangalsutra operates across 24 states and 4 union territories in India, serving a wide customer base including corporate buyers, wholesale distributors, and retail partners. The company maintains over 15 collections with more than 10,000 active SKUs, catering to diverse preferences and expanding its presence in both traditional and modern retail segments.