Mumbai, Feb 12: 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.
Key Financial Highlights
For Q3 FY26, the Company delivered strong year-on-year growth across key financial parameters, with revenue from operations rising by 68.4%. Gross profit more than doubled, registering a 111.4% increase, while gross margins expanded by 169 basis points. EBITDA grew sharply by 105.8%, with EBITDA margins improving by 111 basis points. Profit After Tax recorded a robust growth of 134.2%, accompanied by a 129 basis point expansion in PAT margins.
For the nine-month period ended FY26, revenue from operations increased by 41.0% year-on-year. Gross profit rose by 71.9%, with gross margins expanding by 174 basis points. EBITDA grew by 64.7%, while EBITDA margins improved by 108 basis points. Profit After Tax registered a strong growth of 77.5%, with PAT margins expanding by 110 basis points, reflecting sustained improvement in profitability and operating efficiency.
Highlights for the Quarter
Revenue from operations 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 driven by lower employee costs.
Profit After Tax for Q3 FY26 stood at Rs. 30.1 Crores, as against Rs. 12.9 Crores in Q3 FY25, registering a 134.2% YoY growth. PAT margin increased by 129 basis points year-on-year to reach 4.6%, reflecting strong profitability.
Commenting on the Results, Mr. Chetan N Thadeshwar, Chairman & Managing Director said:
We are delighted to deliver another quarter of strong performance, marked by robust revenue growth, margin expansion, and significant 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 operational efficiency.
As we continue to expand our footprint with our 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 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 underpinning 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 growth momentum