Singer India

Singer India reported robust financial results for Q4 FY26, with revenue growing 37% year-over-year to Rs. 166.3 crores. Profit Before Tax (PBT) increased by 43% to Rs. 8 crores, and EBITDA saw a 49% rise, reaching Rs. 9.3 crores. For the full financial year 2026, the company's revenue stood at Rs. 557 crores, marking a 29% increase from the previous year. Adjusted for a one-time^📎 exceptional cost of Rs. 73 lakhs, FY26 EBITDA grew 76% to Rs. 22.2 crores, and PBT increased 80% to Rs. 18.1 crores, reflecting strong growth momentum.

The Sewing Machine category was a primary growth engine, achieving a robust 45% growth in Q4 and over 40% for the entire fiscal year. The trade channel for sewing machines grew nearly 20% in Q4 and more than 15% annually. Zigzag Machines, identified as the future of household sewing, continued their strong performance with over 30% growth, while industrial sewing machines grew over 13% in Q4 and more than 20% for the full year. Management noted that the overall sewing machine market is growing at 4-6%, indicating Singer's growth is largely driven by significant market share gains across all channels.

The Appliances segment experienced pressure in Q4 FY26 due to unfavorable weather conditions, blocked trade inventory, and muted demand, resulting in a segment result lower by approximately Rs. 2 crores. This was also impacted by EPR costs and investments in the Fan Business. Despite these challenges, the Appliances segment's revenue grew around 10% in Q4, primarily driven by new e-commerce product ranges and the Fan Business, which itself grew by about 50%. The company is strategically reducing its dependence on high-cost channels like modern trade and strengthening its presence in the fast-growing e-commerce channel.

Singer India has initiated the assembly of ZigZag Machines in India and leased premises for a new factory in Bhiwadi, Rajasthan. Production at this facility is expected to commence from the second half of FY27, initially focusing on ZigZag machines, with future plans to include assembly and manufacturing of Industrial Sewing Machines and selected consumer appliances. The company anticipates a long-term capex of up to Rs. 90 crores over the next three years, but plans a phased approach, starting lean with assembly and outsourcing components before manufacturing critical components in-house over a three-year journey.

The company holds a significant cash balance of approximately Rs. 83 crores, which has been on its balance sheet since 2023. Management articulated a clear strategy to deploy this cash for positive opportunities and invest it profitably to elevate the organization. A dividend of Rs. 0.40 per share was announced. Additionally, Rs. 11.6 crores was capitalized as intangible assets for manufacturing rights acquired in November 2025, and Rs. 7 crores of fixed deposits are classified as non-current financial assets, reflecting a focus on strategic investments and maintaining liquidity.