Singer India Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 28 May 2026 | Consumer Durables | Market Cap: ₹410 Cr

Future growth expectations for Singer India Limited as discussed in the Q2 FY25-26 conference call include: - Sewing Machines: Strong momentum with broad-based growth across segments (Zigzag, Industrial, E-commerce) and channels; Zigzag segment revenue rose 34%, Industrial segment 14%; expected continued growth beyond current quarter. Sewing Machines segment shows strong momentum with 45% revenue growth in Q2, driven by broad-based trends across segments and channels, indicating sustained earnings growth. - EBIT margins of around 9.5% in Sewing Machines are considered sustainable due to consistent growth across product mixes and channels. - Industrial Sewing Machines expected to gain traction, particularly as a currently small but growing segment with strong brand acceptance, signaling future profit growth. - Zig Zag machines, currently under 10% household penetration, have huge expansion potential as price gaps narrow, driving future top-line and margin improvement. - Consumer Appliances segment faces temporary headwinds with losses (~Rs.

From Singer India Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

82

Market Cap

₹410 Cr

P/E Ratio

30.7

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Singer India Ltd — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹166 Cr, net profit ₹6 Cr.

Full financials →

📊 Revenue & Sales Performance

Future growth expectations for Singer India Limited as discussed in the Q2 FY25-26 conference call include: - Sewing Machines: Strong momentum with broad-based growth across segments (Zigzag, Industrial, E-commerce) and channels; Zigzag segment revenue rose 34%, Industrial segment 14%; expected continued growth beyond current quarter. - Zigzag machines expected to grow as price gap narrows and manufacturing shifts to India improves affordability and availability. - Industrial sewing machines segment poised for increased traction, seen as a major future growth area owing to strong brand trust and expansion. - Consumer Appliances: Temporary headwinds noted with losses in appliances, but management confident in long-term growth and near-term recovery; expect break-even soon after transient seasonal effects. - New manufacturing license for Zigzag machines and expansion in fans category expected to support growth. - Overall, management expresses confidence in upward trajectory and sustainable margin improvements.

📈 Profitability & Margins

  • Sewing Machines segment shows strong momentum with 45% revenue growth in Q2, driven by broad-based trends across segments and channels, indicating sustained earnings growth.
  • EBIT margins of around 9.5% in Sewing Machines are considered sustainable due to consistent growth across product mixes and channels.
  • Industrial Sewing Machines expected to gain traction, particularly as a currently small but growing segment with strong brand acceptance, signaling future profit growth.
  • Zig Zag machines, currently under 10% household penetration, have huge expansion potential as price gaps narrow, driving future top-line and margin improvement.
  • Consumer Appliances segment faces temporary headwinds with losses (~Rs. 5.5 crores H1), but management confident it will become profitable soon as market growth resumes.
  • Government Rs. 200 crore order due by June 2027 supports near-term revenues.
  • Operating cash flows strong (Rs. 21 crores in H1), enabling capex for factory expansion, underpinning long-term growth.
  • Overall, management expresses confidence in continuous upward trajectory of margins, profits, and EPS driven by market expansion, product innovation, and operational efficiencies.

🏗️ Capital Expenditure Plans

  • The Board approved issuance of up to 5,65,397 equity shares under preferential issue to VSM, a non-promoter entity, raising Rs. 4.5 crores to support and partly finance expansion of the manufacturing facility and tool/equipment design for sewing machines. (Page 4)
  • Plans to expand the Jammu manufacturing facility immediately to accommodate new ZigZag machine production; potential future greenfield factory setup is being considered for high-technology products. (Page 9)
  • Operating cash flow generation of Rs. 21 crores for H1 FY25-26 is strong and will support capex for the new plant. (Page 6)
  • Ongoing focus on partnerships and technology transfer to enhance manufacturing capabilities for ZigZag and industrial machines. (Page 10)
  • No specific timeline mentioned for the greenfield project; the Jammu facility expansion is already underway. (Page 9)

💰 Fundraising & Capital Structure

  • There is no explicit mention of any new fundraising through debt in the transcript.
  • However, a preferential issue of 5,65,397 equity shares was approved by the Board to VSM (a non-promoter entity) at Rs. 79.59 per share, amounting to an investment of Rs. 4.5 crores.
  • This equity infusion by VSM will partly finance the expansion of the manufacturing facility, and design development of tools and equipment for sewing machines.
  • The company states it is sufficiently financed with enough cash, indicating no immediate requirement for additional debt.
  • Cash flow from operations has improved, supporting future capex plans without additional fundraising.
  • Any future fundraising plans, if any, were not disclosed or discussed in the conference call transcript.

📋 Order Book & Pipeline

  • Singer India has a government order worth Rs. 200 crore that is to be supplied by June 2027.
  • The company is dependent on the government's dispatch instructions for the speed of order fulfillment.
  • Specific quarterly supply numbers for this order were not disclosed due to competition sensitivity.
  • Singer is confident about meeting the complete order by the deadline of June 2027.
  • There was mention of strong broad-based growth and momentum in the sewing machines business, indicating continued order inflow.
  • No explicit mention of other pending orders besides the Rs. 200 crore government order was provided.

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Frequently Asked Questions

What were Singer India Ltd Q2 FY26 results?

Future growth expectations for Singer India Limited as discussed in the Q2 FY25-26 conference call include: - Sewing Machines: Strong momentum with broad-based growth across segments (Zigzag, Industrial, E-commerce) and channels; Zigzag segment revenue rose 34%, Industrial segment 14%; expected continued growth beyond current quarter. Sewing Machines segment shows strong momentum with 45% revenue growth in Q2, driven by broad-based trends across segments and channels, indicating sustained earnings growth. - EBIT margins of around 9.5% in Sewing Machines are considered sustainable due to consistent growth across product mixes and channels. - Industrial Sewing Machines expected to gain traction, particularly as a currently small but growing segment with strong brand acceptance, signaling future profit growth. - Zig Zag machines, currently under 10% household penetration, have huge expansion potential as price gaps narrow, driving future top-line and margin improvement. - Consumer Appliances segment faces temporary headwinds with losses (~Rs.

What is Singer India Ltd share price analysis?

Singer India Ltd currently shows a neutral. The stock trades at a P/E of 30.7 with a market cap of ₹410 Cr. Investors should review the full earnings analysis for detailed insights.

Is Singer India Ltd planning capital expenditure?

The Board approved issuance of up to 5,65,397 equity shares under preferential issue to VSM, a non-promoter entity, raising Rs.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.