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Shringar House of Mangalsutra Q1 Profit Surges 68%
Shringar House of Mangalsutra reported a Q1 net profit of ₹28.5 crore, marking a 68% year-on-year rise, while revenue grew 22.7% to ₹332.6 crore. Margins expanded by 310 basis points, reflecting improved operational efficiency. The company attributed the strong performance to robust demand for Mangalsutras and the launch of new designs, which resonated with customers. This growth underscores Shringar’s ability to capitalize on product innovation and market trends, strengthening its position in India’s jewellery sector.
Companies:
- Shringar House of Mangalsutra
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- markets
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positive
Shringar House of Mangalsutra Q1 Profit Surges 68%
Shringar House of Mangalsutra reported a Q1 net profit of ₹28.5 crore, marking a 68% year-on-year rise, while revenue grew 22.7% to ₹332.6 crore. Margins expanded by 310 basis points, reflecting improved operational efficiency. The company attributed the strong performance to robust demand for Mangalsutras and the launch of new designs, which resonated with customers. This growth underscores Shringar’s ability to capitalize on product innovation and market trends, strengthening its position in India’s jewellery sector.
Companies:
- Shringar House of Mangalsutra
Tags:
- stocks
- markets
Explore:High Return Equity Mutual Fund
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Shringar House of Mangalsutra Q1 profit jumps 68% to ₹28.5 crore, revenue rises 22.7% to ₹332.6 crore, boosted by strong demand and new product launches.
Shringar House of Mangalsutra reported a Q1 net profit of ₹28.5 crore, marking a 68% year-on-year rise, while revenue grew 22.7% to ₹332.6 crore. Margins expanded by 310 basis points, reflecting improved operational efficiency. The company attributed the strong performance to robust demand for Mangalsutras and the launch of new designs, which resonated with customers. This growth underscores Shringar’s ability to capitalize on product innovation and market trends, strengthening its position in India’s jewellery sector.
Shringar House of Mangalsutra reported a Q1 net profit of ₹28.5 crore, marking a 68% year-on-year rise, while revenue grew 22.7% to ₹332.6 crore. Margins expanded by 310 basis points, reflecting improved operational efficiency. The company attributed the strong performance to robust demand for Mangalsutras and the launch of new designs, which resonated with customers. This growth underscores Shringar’s ability to capitalize on product innovation and market trends, strengthening its position in India’s jewellery sector.
Companies:
- Shringar House of Mangalsutra
Tags:
- stocks
- markets
- stocks
- markets
- economy
- mutual_funds
- ipo