Shringar House Of Mangalsutra Limited · NSE:SHRINGARMS
Shringar House Of Mangalsutra — Q3 FY26 Earnings Presentation
33 slides from Shringar House Of Mangalsutra's earnings presentation, Feb 11, 2026
Slide 1: Exchange filing cover letter
Date: February 11, 2026 To, To, Listing/Compliance Department Listing/Compliance Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, Phiroze Jeejeebhoy Towers, G-Block, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai -400051 Mumbai – 400001 NSE Symbol
Slide 2: Investor Presentation | Q3 & 9M FY26
SHRINGAR HOUSE OF MANGALSUTRA LTD Investor Presentation | Q3 & 9M FY26
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared by Shringar House of Mangalsutra Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connect
Slide 4: Shringar: The Gold Standard in Mangalsutra
SHRINGAR: THE GOLD STANDARD IN MANGALSUTRA Largest B2B Manufacturer of Mangalsutras in India 15+ years Pan-India presence of Heritage & Craftsmanship in 24 states and 4 UTs An extensive portfolio Marquee Institutional Clientele of 15+ collections and 10,000+ active SKUs such as Titan and Malabar Gol
Slide 5: Crafting Success: One Milestone at a Time
CRAFTING SUCCESS: ONE MILESTONE AT A TIME Inaugrated new branch Incorporated under the office in Pune to name Shringar House of Commenced strengthen presence Mangalsutra Private international trade with Achieved annual turnover Achieved annual turnover across Vidarbha and Limited first exports to th
Slide 6: Competitive Edge: Where Tradition Meets Scale
COMPETITIVE EDGE: WHERE TRADITION MEETS SCALE 01 Decade–long partnerships built on trust and expertise 02 Distinctive Designs Backed by Product Depth 03 Integrated Manufacturing Capabilities 04 Experienced Leadership that Powers Growth 5
Slide 7: Long-Standing Partnerships: Rooted in Trust
LONG-STANDING PARTNERSHIPS: ROOTED IN TRUST A Decade-Strong Foundation of Trusted Partnerships Waman Hari Pethe Jewellers Kudbe Jewellers Private Limited Joyalukkas India Limited Arundhati Jewellers Private Ltd Titan Company Reliance Retail (15 years) (15 years) (14 years) (14 years) (13 years) (13
Slide 8: Unique Designs, Unmatched Depth
UNIQUE DESIGNS, UNMATCHED DEPTH A modern, expansive design universe A fusion of heritage craftsmanship & modern precision • 15+ curated collections 10,000+ active SKUs • 22 in-house designers 219 skilled in-house karigars • Styles across bridal, contemporary, antique, Indo-western & daily wear. Dive
Slide 9: Product Portfolio: Where Timeless Elegance...
PRODUCT PORTFOLIO: WHERE TIMELESS ELEGANCE… 8
Slide 10: ...Meets New-Age Design
... MEETS NEW-AGE DESIGN MICRQ if ' SENTOS COLLECTION * CLASSIC “Reegec™ GLAS COLleem VERTICAL MALA a
Slide 11: Manufacturing Capabilities
MANUFACTURING CAPABILITIES Integrated Manufacturing Capabilities Undertaking end-to-end operations, from conceptualisation and designing Engaged in designing, manufacturing, and marketing a varied range of to manufacturing and sell products through integrated operations at our Mangalsutra in 18k and
Slide 12: Glimpses of the Manufacturing Facility
GLIMPSES OF THE MANUFACTURING FACILITY 11
Slide 13: Management: Experience That Leads
MANAGEMENT: EXPERIENCE THAT LEADS Chetan N Thadeshwar - Chairman & Managing Director Director of the Company since incorporation. He has over forty (40) years of experience in the jewellery industry. He is a strategic leader in the Company and oversees functions such as identifying growth opportunit
Slide 14: Management: Experience That Leads
MANAGEMENT: EXPERIENCE THAT LEADS Radhamanalan - Independent Director Nitesh Mahendra Kothari - Independent Director He holds a bachelor’s degree in mechanical engineering from University of He holds a bachelor’s degree in commerce from Mumbai University and Madras and master’s degree of science in
Slide 15: Operational Excellence
Operational Excellence e Cy i a
Slide 16: Manufacturing Process
MANUFACTURING PROCESS Stage 1 Component Making Raw Gold Procurement Quality Check Sheet & Wire Chain Making Bead/Ball Bead Stringing Stage 2 Pendant Melting Alloying Casting Gold Bars Design Process Stage 3 Assembling Polishing Quality Check Hallmarking Package Dispatch Enabling & Gem Setting 15
Slide 17: Quality Control and Assurance
QUALITY CONTROL AND ASSURANCE Our Quality control ensures authenticity and durability by checking each piece at every stage using XRF machines and steel pin detectors Stage 1 Raw Material Testing XRF Fire Assay Stage 2 Basic Aspects Aesthetic Aspects Functional Aspects • Gold Purity • Shape Uniformi
Slide 18: Inventory Management
INVENTORY MANAGEMENT Sourcing Hedging Procurement of Bullion Replenishment of Stock • We aim to hedge against gold price fluctuations by purchasing an • Established long-term relations with trusted bullion suppliers to equivalent quantity of gold at the similar price immediately after source high-pu
Slide 19: Industry Overview & Growth Strategies
Industry Overview & Growth Strategies
Slide 20: Industry Overview
INDUSTRY OVERVIEW India: Wholesale Gold Jewellery Market (Organized Manufacturers) (₹ Billion) • In CY23, organized manufacturers accounted for a share of 10.9% in the wholesale gold • Mangalsutra symbolizes marital status. It is esteemed to be a sacred jewellery market, in India. thread - believed
Slide 21: Growth Strategies
GROWTH STRATEGIES Building a nationwide supply chain to Continuing focus on reducing operating costs unlock untapped markets and improving operational efficiency • Seek to establish pan-India new supply chain model • Aim to continuously improve profitability by constant cost through third-party inte
Slide 22: Widening Reach to Unlock Growth
WIDENING REACH TO UNLOCK GROWTH Expanding pan-India hub-and-spoke network to boost penetration and accelerate gold rotation • The Pune branch office acts as central coordination hub for operations across Marathwada and Vidarbha regions around Pune • Similarly for coordination across North India, we
Slide 23: Benefit from Rising Organised Jewellery Retail
BENEFIT FROM RISING ORGANISED JEWELLERY RETAIL Revenue from Corporate Clients (INR Crs.) Rising Share from Corporate Clients 766 950 1102 1430 1520 +30% p.a. 30% 32% 34% 486 50% 350 287 70% 68% 66% 50% FY23 FY24 FY25 9M FY26 FY23 FY24 FY25 9M FY26 Corporate Clients Non-Corporate Clients Corporate Cl
Slide 24: Continuous Brand Building Initiatives
CONTINUOUS BRAND BUILDING INITIATIVES Participation in prominent national and regional B2B exhibitions and trade shows to showcase extensive range IIJS Signature IIJS Premiere IIJS Tritiya Indian Gem and Jewellery Show (GJS) Membership of bodies promoting responsible practices across the jewellery P
Slide 25: Financial Overview
Financial Overview Gs eI ae NY ae
Slide 26: Q3 & 9M FY26 Highlights
Q3 & 9M FY26 HIGHLIGHTS Revenue from Operations Gross Profit +41% +72% 1520 148 1078 +68% +111% 86 659 55 391 26 9M FY25 9M FY26 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Q3 FY25 Q3 FY26 EBITDA Profit After Tax +65% 114 +78% +106% 81 69 +134% 40 46 30 20 13 9M FY25 9M FY26 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Q3 F
Slide 27: Q3 & 9M FY26 Highlights
Q3 & 9M FY26 HIGHLIGHTS Gross Profit Margin EBITDA Margin PAT Margin +174 bps +169 bps +108 bps +111 bps 9.7% +110bps +129 bps 8.0% 8.3% 7.5% 6.6% 6.4% 6.1% 5.0% 5.4% 4.6% 4.3% 3.3% 9M FY25 9M FY26 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Q3 FY25 Q3 FY26 Production Details1 9M
Slide 28: Q3 & 9M FY26 Profit and Loss Statement
Q3 & 9M FY26 PROFIT AND LOSS STATEMENT Profit & Loss statement (₹ in Crs) Q3 FY26 Q3 FY25 Y-o-Y Q2 FY26 Q-o-Q 9M FY26 9M FY25 Y-o-Y FY25 Revenue from Operation 658.9 391.3 68.4% 528.8 24.6% 1520.3 1078.5 41.0% 1429.8 Raw Material Cost 649.7 349.7 441.2 1375.4 820.2 1095.3 Purchase of Finished goods
Slide 29: Annexure
Annexure Ww OTIS Ver
Slide 30: Historical Profit and Loss Statement
HISTORICAL PROFIT AND LOSS STATEMENT Profit & Loss statement (₹ in Crs) FY25 FY24 FY23 Revenue from Operation 1,429.8 1,101.5 950.2 Raw Material Cost 1,095.3 9,79.5 872.1 Purchase of Finished goods 261.2 93.4 26.3 (Increase) / Decrease In Stocks -41.5 -38.4 -1.7 Gross Profit 114.8 67.0 53.6 Gross Ma
Slide 31: Historical Balance Sheet
HISTORICAL BALANCE SHEET Assets (₹ in Crs) FY25 FY24 FY23 Equity & Liabilities (₹ in Crs) FY25 FY24 FY23 Assets Equity and Liabilities Non-Current Assets Equity Equity share capital 72.1 9.0 9.0 Property, plant and equipment 5.1 3.2 3.5 Other equity 128.7 127.9 96.8 Right-of-use assets 14.1 15.3 16.
Slide 32: Historical Cash Flow Statement
HISTORICAL CASH FLOW STATEMENT Profit & Loss statement (₹ in Crs) FY25 FY24 FY23 Cash Flow from Operating Activities Profit Before Tax 81.8 42.2 31.4 Adjustment for Non-Operating items 10.9 8.1 6.6 Operating Profit Before Working Capital Changes 92.7 50.3 38.0 Changes in Working Capital -83.1 -48.4
Slide 33: Company and Investor Relations Contacts
COMPANY : Shringar House of Mangalsutra Limited CIN : L36911MH2009PLC189306 Mr. Rachit Sinha E-mail: @shringar.ms www.shringar.ms INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Ms. Darshi Jain darshi.jain
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