Shringar House of Mangalsutra Limited (NSE Symbol: SHRINGARMS, BSE Scrip Code: 544512) has reported a remarkable 27.1% revenue growth for the second quarter of FY26, with revenue from operations reaching Rs. 5,287.9 million compared to Rs. 4,160.7 million in Q2 FY25. This substantial growth was largely driven by a favorable product mix that emphasized high-value items and advantageous trends in gold prices. The company also recorded a 51.1% increase in gross profit, amounting to Rs. 444.1 million, with gross profit margins expanding to 8.4%, up from 7.1% in the same quarter last year.

In addition to revenue growth, Shringar's EBITDA rose by 35.4% to Rs. 331.0 million, with EBITDA margins showing a slight improvement to 6.3%. The net profit after tax (PAT) saw an even more impressive increase of 42.5%, reaching Rs. 228.5 million. PAT margins also strengthened to 4.3%, reflecting a 47 basis point improvement year-on-year. The results were announced following a meeting of the Board of Directors on November 12, 2025, alongside the launch of Shringar's new "24K SHUDDH" Collection, which is noteworthy as one of India's first HUID-hallmarked collections made entirely from pure 24-karat gold.

Mr. Chetan N Thadeshwar, Chairman & Managing Director, expressed satisfaction with the quarterly results, attributing success to strong domestic demand and a strategic focus on high-value products. The company is committed to enhancing its operational efficiencies and expanding its market presence, especially in light of the upcoming festive and wedding season, which is expected to boost consumer spending. With recent expansions, including new branches in Delhi and Pune, Shringar aims to leverage its established reputation and extensive portfolio to deliver sustainable long-term value for stakeholders while tapping into underserved markets through strategic partnerships.