Sewing machine revenue growth
75%
+75% YoY
Overall sewing machine revenue grew 75% in Q3, driven by broad-based strength across segments and channels.
SINGERINDIA
Diversified
27 Jan 2026
Singer India Ltd — Q3 FY26
Singer India delivered a 53% revenue growth to ₹161 crore in Q3 FY26, driven by a 75% surge in sewing machines across all channels and categories.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
Singer India delivered a 53% revenue growth to ₹161 crore in Q3 FY26, driven by a 75% surge in sewing machines across all channels and categories. EBITDA jumped 234% to ₹8.7 crore (adjusted ₹9.6 crore, +269%), with margin expanding ~300bps. The appliances segment remained weak, declining 7% due to muted demand and channel inventory. Management highlighted strong momentum in industrial sewing machines (+65%) and e-commerce leadership (#1 on platforms). The PM Vishwakarma government order (₹200 crore) is progressing well, with 50% awarded and balance expected. Risks include continued pressure in appliances, potential margin compression from rising commodity costs, and uncertainty around the second tranche of the government order. Overall, the core sewing machine business is firing on all cylinders, but the appliances drag and lack of formal guidance temper full-year visibility.
Key Numbers
Industrial sewing machine growth
65%
+65% YoY
Industrial sewing machines grew over 65% in Q3, indicating market share gains despite muted industry growth.
Zigzag machine YTD growth
30%
+30% YoY
Zigzag machines, representing future household sewing, continued strong performance with 30% YTD growth.
Fan segment growth
38%
+38% YoY
Despite pricing disruptions from BEE rating transition, fans achieved 38% growth in Q3.
Management Guidance
PM Vishwakarma order completion by June 2026
Management aims to complete the remaining 50% of the 8-lakh machine government order by June 2026, with the balance 4-lakh tranche expected to be awarded.
Management guidance revenueDouble-digit revenue growth expected
Management guided for double-digit revenue growth overall, driven by strong sewing machine momentum and recovery in appliances.
Management guidance growthGreenfield plant proposal earlier than end of 2026
A complete proposal for a new manufacturing setup will be finalized much earlier than the end of calendar year 2026.
Management guidance capexKey Risks
Appliances segment continued weakness
Appliances revenue declined 7% with gross margin contraction of 120bps due to muted demand, blocked trade inventory, and rising commodity costs.
high · management_commentaryUncertainty on second tranche of government order
The balance 50% of the PM Vishwakarma order may be retendered, exposing Singer to competition and potential loss of market share.
medium · analyst_questionMargin pressure from rising commodity costs
Rising commodity costs are leading to price increases, and big players are holding prices, squeezing margins for smaller players like Singer.
medium · management_commentaryExport competitiveness limited by scale
Management acknowledged that competing globally on price will take 2-3 years due to scale constraints, limiting near-term export opportunities.
low · management_commentaryNotable Quotes
Our growth indicates clear market share gains with the recent conclusion of the Indo-US trade deal. We expect sentiment to improve and demand in industrial sewing machines to revive.
We are clearly number one in the swing machines category on e-commerce.
We have enough cash lying with us. We are ready. Our board and investors are very clear about it that wherever the opportunity is, we have the capability to expand both in terms of financial resources and human skill resources.
Frequently Asked Questions
What was Singer India's revenue in Q3 FY26?
Singer India reported revenue of ₹161 Cr in Q3 FY26, representing a +53% change compared to the same quarter last year.
What guidance did Singer India management give for FY27?
PM Vishwakarma order completion by June 2026: Management aims to complete the remaining 50% of the 8-lakh machine government order by June 2026, with the balance 4-lakh tranche expected to be awarded. Double-digit revenue growth expected: Management guided for double-digit revenue growth overall, driven by strong sewing machine momentum and recovery in appliances. Greenfield plant proposal earlier than end of 2026: A complete proposal for a new manufacturing setup will be finalized much earlier than the end of calendar year 2026.
What are the key risks for Singer India in FY27?
Key risks include Appliances segment continued weakness — Appliances revenue declined 7% with gross margin contraction of 120bps due to muted demand, blocked trade inventory, and rising commodity costs.; Uncertainty on second tranche of government order — The balance 50% of the PM Vishwakarma order may be retendered, exposing Singer to competition and potential loss of market share.; Margin pressure from rising commodity costs — Rising commodity costs are leading to price increases, and big players are holding prices, squeezing margins for smaller players like Singer.; Export competitiveness limited by scale — Management acknowledged that competing globally on price will take 2-3 years due to scale constraints, limiting near-term export opportunities..
Did Singer India meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Singer India Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.