National News
Shringar House Of Mangalsutra Delivers Strong Q4 Performance; Doubles PAT and Advances Strategic Expansion
Jewellery Manufacturer Reports Strong FY26 Growth Driven By Volume Expansion, Margin Discipline, Manufacturing Scale-Up, and Strategic Entry Into The Bridal Jewellery Segment
Shringar House of Mangalsutra Limited (SHOML), one of the leading designers, manufacturers and marketers of Mangalsutras, reported its Audited Financial Results for the quarter and year ended March 31, 2026.
Q4 FY26 Financial Performance Snapshot
| Revenue from Operations | Gross Profit | EBITDA | Profit After Tax |
| Rs. 725.6 crores 106.5% Y-o-Y | Rs. 64.5 crores 122.9% Y-o-Y | Rs. 44.7 crores 93.7% Y-o-Y | Rs. 34.0 crores 123.5% Y-o-Y |
Key Financial Highlights
| Particulars (Rs. In Crs.) | Q4 FY26 | Q4 FY25 | Y-o-Y | Q3 FY26 | Q-o-Q | FY26 | FY25 | Y-o-Y |
| Revenue from Operations | 725.6 | 351.4 | ṯOC.5% | 658.9 | ṯO.ṯ% | 2245.8 | 142G.8 | 57.ṯ% |
| Gross Profit | 64.5 | 28.G | ṯ22.3% | 54.7 | ṯ8.O% | 212.1 | 114.8 | 84.7% |
| Gross Profit Margin | 8.G% | 8.2% | C5 bps | 8.3% | 53 bps | G.4% | 8.0% | ṯ4ṯ bps |
| EBITDA | 44.7 | 23.1 | 33.7% | 40.2 | ṯṯ.2% | 158.7 | G2.3 | 72.O% |
| EBITDA Margin (%) | 6.2% | 6.6% | -4ṯ bps | 6.1% | C bps | 7.1% | 6.5% | Cṯ bps |
| Profit After Tax | 34.0 | 15.2 | ṯ23.5% | 30.1 | ṯ2.8% | 115.5 | 61.1 | 83.O% |
| PAT Margin (%) | 4.7% | 4.3% | 3C bps | 4.6% | ṯṯ bps | 5.1% | 4.3% | 87 bps |
Highlights for the Quarter
- Revenue from operation for Q4 FY26 stood at Rs. 725.6 Crores, as against Rs. 351.4 Crores in Q4 FY25, reflecting a 106.5% growth on a year-on-year basis. The strong growth was primarily driven by favorable movements in gold prices.
- PAT for the year stood at Rs. 34 Crores up by 123.5% Y-o-Y. It was largely driven by improved margins across all levels.
- Commissioned and operationalized the new manufacturing facility in Kandivali, Mumbai, enhancing our production capacity from 2,500 kg to 4,000 kg per annum.
- Announced our strategic entry into the bridal jewellery segment, expanding our product portfolio into a high-growth category.
Commenting on the Results, Chetan N Thadeshwar, Chairman & Managing Director said:
“We are pleased to conclude the quarter with a near doubling of our Profit After Tax on a year-on-year basis, driven by robust volume growth, favorable gold price movements, and disciplined margin management across all levels. This strong performance reflects the resilience of our business model, our ability to capitalize on market tailwinds, and our continued focus on operational efficiency and profitability.
FY26 has been a landmark year for Shringar, marked by several strategic milestones that have significantly strengthened our growth trajectory and market positioning. During the year, we successfully completed our listing, a defining achievement that enhances our credibility, governance standards, and visibility among stakeholders. As part of our expansion strategy, we inaugurated a new branch office in Pune, enabling us to deepen our presence across the Marathwada and Vidarbha regions. The quarter was defined by two transformative achievements that underscore our long-term growth strategy. First, we executed a significant expansion in our manufacturing capabilities, significantly enhancing our capacity in the fourth quarter, thereby enhancing our ability to service rising demand and strengthening our operational backbone for future growth. Second, we marked our strategic entry into the bridal jewellery segment – an important adjacency that meaningfully broadens our product portfolio beyond mangalsutras. We have already commenced sales through marquee partners such as Tanishq and Malabar Gold & Diamonds, with encouraging initial traction, validating both the market opportunity and our product proposition.
Reflecting on the quarter, we delivered several meaningful achievements during the period, reflecting the strength of our operational capabilities and the clarity of our forward direction. As these initiatives begin to gain traction, we remain confident in our ability to drive consistent growth and create long-term value for all stakeholders.”
National News
JAS 2026 Opens To A Grand Start; Jaipur & Dubai Strengthen Jewellery Trade Partnership
The Opening Day Witnessed An Exceptional Business Atmosphere, With Packed Exhibition Aisles, Continuous Buyer Interactions, and Enthusiastic Participation From Hosted Buyers
The 20th edition of JAS and its 7th B2B Edition, organised by the Jewellers Association Jaipur, commenced today (on 3rd July 2026 on a grand and enthusiastic note at the Jaipur Exhibition & Convention Centre (JECC), Sitapura. The inaugural day witnessed an overwhelming response from the trade fraternity, with exhibition halls bustling with buyers, retailers, manufacturers and industry professionals from across India and overseas, setting the stage for three days of vibrant business networking and sourcing.
The show was inaugurated by K. P. Abdul Salam, Group Vice Chairman, Malabar Gold & Diamonds, in the august presence of Surjit Bhujabal, Member, Central Board of Indirect Taxes & Customs (CBIC); Tawhid Abdulla, CEO, Jawhara Jewellery, Dubai; and Pramod Kumar Agrawal Derewala, Chairman, National Gems & Jewellery Council of India (NGJCI), as Guests of Honour.
The distinguished guests were warmly welcomed by Raju Agarwal Mangodiwala, President, Jewellers Association Jaipur; Ajay Godha, Honorary Secretary; Ashok Maheshwari, JAS Convenor; along with the office bearers and executive committee members of the Association.
One of the defining moments of the inaugural ceremony was the signing of a Memorandum of Understanding (MoU) between the Jewellers Association Jaipur (JAJ) and the Dubai Jewellery Group (DJG), paving the way for enhanced cooperation in trade, education, market development, business networking and international collaboration between the gems and jewellery industries of Jaipur and Dubai. Following the signing, Shri Tawhid Abdulla, CEO, Jawhara Jewellery, presented a commemorative memento to Shri Raju Agarwal Mangodiwala, President, Jewellers Association Jaipur, celebrating a new chapter in India-UAE jewellery relations.
A special welcome was extended to the visiting Dubai delegation comprising Anurag Sinha, Managing Director, Al Liali Jewellery; Ashish Garg, Head – Business, KGK Group; Mamtha Maria Francis, General Manager, Dubai Jewellery Group; and Tirth Jasani, General Manager, Lumin Luxe LLC, reaffirming the growing strategic partnership between Jaipur and Dubai.
Addressing the gathering, K. P. Abdul Salam applauded Jaipur’s unmatched expertise in coloured gemstones, stating that the city has earned global recognition as the finest centre for gemstone cutting and craftsmanship. He encouraged the industry to continue innovating and strengthening its international presence while creating greater value for global buyers.
Tawhid Abdulla welcomed stronger collaborations between Jaipur and Dubai. He encouraged Jaipur’s gemstone sector to work towards developing globally recognised branded gemstone grading and certification systems, which would further elevate consumer confidence and international acceptance. He also invited Jaipur’s manufacturers and exporters to explore greater business opportunities in Dubai, assuring the industry’s wholehearted support in building stronger trade relations and opening new avenues for collaboration.
The opening day witnessed an exceptional business atmosphere, with packed exhibition aisles, continuous buyer interactions and enthusiastic participation from hosted buyers, domestic retailers and international delegates. Exhibitors reported encouraging enquiries and strong business interest from the very first day, reflecting the confidence the industry places in JAS as one of India’s leading B2B jewellery exhibitions.
With an outstanding inaugural response and tremendous energy across the show floor, JAS 2026 has set a strong foundation for the next two days, promising even greater business opportunities, meaningful networking and international collaborations for the global gems and jewellery fraternity.
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