National News
Shringar House of Mangalsutra Limited Delivers Robust Growth in Q3 FY26
Shringar House of Mangalsutra Limited (SHOML), one of the leading designers, manufacturers and marketers of Mangalsutras, reported its Unaudited Financial Results for the quarter and nine months ended December 31, 2025.
| Particulars | Amount (₹ Crores) | Growth (%) |
|---|---|---|
| Revenue from Operations | 658.9 | 68.4% |
| Gross Profit | 54.7 | 111.4% |
| EBITDA | 40.2 | 105.8% |
| Profit After Tax | 30.1 | 134.2% |
Key Financial Highlights
| Particulars (Rs. In Crs.) | Q3 FY26 | Q3 FY25 | y-o-y | 9M FY26 | 9M FY25 | y-o-y |
| Revenue from Operatio ns | 658.9 | 391.3 | +68.4% | 1,520.3 | 1,078.5 | +41.0% |
| Gross Profit | 54.7 | 25.9 | +111.4% | 147.6 | 85.9 | +71.9% |
| Gross Profit Margins | 8.3% | 6.6% | +169 bps | 9.7% | 8.0% | +174 bps |
| EBITDA | 40.2 | 19.5 | +105.8% | 114.0 | 69.2 | +64.7% |
| EBITDA Margins (%) | 6.1% | 5.0% | +111 bps | 7.5% | 6.4% | +108 bps |
| Profit After Tax | 30.1 | 12.9 | +134.2% | 81.5 | 45.9 | +77.5% |
| PAT Margins (%) | 4.6% | 3.3% | +129 bps | 5.4% | 4.3% | +110 bps |
Highlights for the Quarter
- Revenue from operation for Q3 FY26 stood at Rs. 658.9 Crores, as against Rs. 391.3 Crores in Q3 FY25, reflecting a 68.4% growth on a year-on-year basis. The surge in growth was largely supported by the positive movement in gold prices
- EBITDA for the quarter grew by 105.8%, reaching Rs. 40.2 Crores in Q3 FY26 compared to Rs. 19.5 crores in Q3 FY25. EBITDA margin for the quarter stood at 6.1% expanding by 111 basis points on a year-on-year basis
- EBITDA saw a sharp increase due to strong revenue momentum, improved gross margins and operating leverage benefits due to lower employee costs
- Profit after Tax for Q3 FY26 was at Rs. 30.1 crores, as against Rs. 12.9 crores in Q3 FY25, YoY growth of 134.2%. PAT Margin increased by 129 basis points on a year on year basis to reach 4.6% reflecting strong profitability.
Commenting on the Results, Chetan N. Thadeshwar, Chairman & Managing Director said, – We are delighted to deliver another quarter of strong performance, marked by strong revenue growth, robust margin expansion, and a solid improvement in profitability. The favourable movement in gold prices, combined with sustained domestic demand, significantly strengthened our operating performance this quarter. Our EBITDA more than doubled, highlighting the strength of our business model and the efficiency of our operations.
As we continue to expand our footprint with newly opened branch office in Pune and our existing office in Delhi, we remain focused on strengthening client relationships, investing in design innovation, and enhancing our integrated manufacturing capabilities to deliver consistent, high-quality craftsmanship at scale. We have also onboarded five third-party facilitators to accelerate our national expansion strategy. These partnerships will significantly enhance our distribution capabilities, enabling us to enter untapped jewellery markets and deepen our engagement with local jewellers across key regions. Together, they form a critical pillar of our emerging pan-India supply chain and position us to scale efficiently in line with growing demand.
Looking ahead, we remain optimistic about the continued positive trend in gold prices and the supportive demand environment that underpins the jewellery sector. Backed by over 15 years of industry experience, a robust base of marquee clients, and a rapidly growing portfolio of high-value products, we are firmly positioned to deliver durable, long-term value for all stakeholders. Our scalable, innovation-driven business model gives us a clear advantage in capturing new opportunities across India. With deeper distribution reach and strengthened operational capabilities, we are accelerating our growth momentum and reinforcing our leadership ambition.
source :Shringar House of Mangalsutra Limited
National News
Limelight Lab Grown Diamonds Raises INR 275 Crore To Strengthen Vertical Integration and Accelerate Retail Expansion Across India
The INR 275 Crore Funding Will Bolster Manufacturing, Innovation, and Retail Expansion As Limelight Targets 200 Stores Nationwide By 2027.
Limelight Diamonds, India’s leading lab grown diamond jewellery brand, has successfully completed an INR 275 crore strategic funding round led by the Company’s core promoters, the Bhathwari Group, along with participation from key strategic partners from the jewellery industry. The round also saw strong participation from several of the Company’s franchise partners, reinforcing their confidence in Limelight’s long-term vision, business fundamentals, and growth trajectory.
The capital has been raised through a combination of equity and cash consideration and will be utilised towards strengthening the Company’s vertical integration capabilities, expanding manufacturing infrastructure, enhancing design and innovation capabilities, and accelerating retail expansion across India.
At a time when the national conversation is increasingly focused on strengthening domestic industries and reducing dependency on imports under the Hon’ble Prime Minister’s “Make in India” vision, Limelight Diamonds believes the lab grown diamond sector is uniquely positioned to become a globally competitive Indian luxury category. Lab grown diamonds represent a modern, technology-led manufacturing opportunity for India. With strong domestic manufacturing capabilities, skilled craftsmanship, and growing consumer demand, the category aligns closely with India’s ambition to emerge as a global manufacturing and export hub.
Commenting on the milestone, Pooja Madhavan, Founder & MD, said:
“This funding round is a strong validation of Limelight’s vision and the growing potential of the lab grown diamond industry in India. At a time when Hon’ble Prime Minister’s ‘Make in India’ vision is driving focus towards domestic manufacturing and global competitiveness, we believe lab grown diamonds present a significant opportunity for India to lead a new-age luxury category globally. This investment will help us strengthen Indian manufacturing, accelerate retail expansion, and build a world-class brand from India for the world.”
Limelight Diamonds also confirmed that its retail expansion plans remain firmly on track, with aggressive growth planned across metro cities, Tier I, and emerging Tier II markets. The Company aims to significantly increase its national retail footprint through a combination of company-owned and franchise-operated stores, with a target of adding 100 stores in 2026 and scaling up to 200 stores by 2027.
The funding comes at a time when consumer interest in lab grown diamonds is witnessing rapid momentum globally, driven by evolving preferences, value-conscious luxury consumption, sustainability considerations, and increasing acceptance among younger consumers.
With a strong retail network, vertically integrated operations, and growing investor confidence, Limelight Diamonds is positioning itself at the forefront of India’s next-generation jewellery revolution.
BSC Advisors served as the financial advisor to Limelight Lab Grown Diamonds for this strategic fund raise.
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