Singer India Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Singer India Ltd filed with BSE on 20 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Singer India reported Q1 FY27 revenue growth of 57% to Rs. 144.5 crores, with PBT up 225% to Rs. 4 crores and EBITDA up 330% to Rs. 5.5 crores. The Sewing Machine category grew 74%, led by Zigzag Machines and E-commerce, while the Appliances segment grew around 15% in revenue but posted a lower segment result due to EPR costs and organizational investment. Management discussed the new Bhiwadi factory, BIS standard compliance for sewing machines, and progress on the Kendriya Bhandar order during the call.
Numbers mentioned
Revenue: Rs. 144.5 crores (Q1 FY27)
p. 3
“In Ql, revenue grew by 57% to Rs. 144.S crores, while the PBT increased by 225% to Rs. 4 crores and the EBITDA grew by 330% to 5.5 crores.”
Rakesh Khanna, page 3 of the filed PDF · View the filing
PBT: Rs. 4 crores (Q1 FY27)
p. 3
“In Ql, revenue grew by 57% to Rs. 144.S crores, while the PBT increased by 225% to Rs. 4 crores and the EBITDA grew by 330% to 5.5 crores.”
Rakesh Khanna, page 3 of the filed PDF · View the filing
EBITDA: Rs. 5.5 crores (Q1 FY27)
p. 3
“In Ql, revenue grew by 57% to Rs. 144.S crores, while the PBT increased by 225% to Rs. 4 crores and the EBITDA grew by 330% to 5.5 crores.”
Rakesh Khanna, page 3 of the filed PDF · View the filing
Sewing Machine category growth: 74% (Q1 FY27)
p. 3
“In the Sewing Machine category, we recorded robust growth of 74% in Ql.”
Rakesh Khanna, page 3 of the filed PDF · View the filing
Trade channel growth: more than 25% (Q1 FY27)
p. 3
“The trade channel itself grew more than 25% in Ql.”
Rakesh Khanna, page 3 of the filed PDF · View the filing
Zigzag Machines growth: more than 20% (Q1 FY27)
p. 3
“Zigzag Machines, which represent the future of household sewing machines, continue their strong performance with more than 20% growth.”
Rakesh Khanna, page 3 of the filed PDF · View the filing
E-commerce business growth: more than 55% (Q1 FY27)
p. 3
“Our E-commerce business continues to perform strongly, delivering more than 5S%growth during the quarter.”
Rakesh Khanna, page 3 of the filed PDF · View the filing
Appliances revenue growth: around 15% (Q1 FY27)
p. 3
“The revenue growth of around 15% during Ql in appliances was driven by both Trade expansion, E-commerce channel and the Fans business.”
Rakesh Khanna, page 3 of the filed PDF · View the filing
Appliances segment result decline: approximately Rs. 74 lakhs lower (Q1 FY27 vs Q1 FY26)
p. 3
“Despite the growth in revenue, the segment result is lower by approximately Rs.74 lakhs compared to last year Ql, mainly due to the impact of EPR and our investment in strengthening organization for market expansion and fan business.”
Rakesh Khanna, page 3 of the filed PDF · View the filing
Fans business growth: around 61% (Q1 FY27)
p. 4
“The Fans business has grown by around 61 % in Ql.”
Rakesh Khanna, page 4 of the filed PDF · View the filing
EPR cost: approximately Rs. 1.2 crores (Q1 FY27)
p. 6
“The absolute amount of EPR is approximately Rs. 1.2 crores for this quarter, and this is proportionate for the year.”
Rakesh Khanna, page 6 of the filed PDF · View the filing
Operating cash flow before working capital changes: Rs. 4.35 crores (Q1 FY27)
p. 6
“So on to your point, with respect to Operating Cash - operating cash before Working Capital changes for the quarter was Rs. 4.35 crores.”
Anuj Kumar Vasdev, page 6 of the filed PDF · View the filing
Closing cash balance: about Rs. 58 crores (Q1 FY27)
p. 6
“Aside to it, the closing quarter cash number is still with us at about Rs. 58 crores in value.”
Anuj Kumar Vasdev, page 6 of the filed PDF · View the filing
Advance to Singer Sourcing LLC for ZigZag machines: Rs. 14.3 crores (Q1 FY27)
p. 6
“Then, aside to it, since we are having the BIS for which the orders for import machines have already been placed to this Rs. 14.3 crores of advances what we have given to Singer Sourcing LLC.”
Anuj Kumar Vasdev, page 6 of the filed PDF · View the filing
Advance for Industrial machine imports: about Rs. 4 crores (Q1 FY27)
p. 6
“And there's another about Rs. 4 crores of advance given for the import machines on the Industrial as well.”
Anuj Kumar Vasdev, page 6 of the filed PDF · View the filing
Total inventory deployment: Rs. 32 crores (Q1 FY27)
p. 6
“So, having said that the total of Rs. 32 crores of deployment is done in the inventory buildup, which is essentially onto the strategic buildup of inventory for this upcoming quarter.”
Anuj Kumar Vasdev, page 6 of the filed PDF · View the filing
Gross Margin Value of Industrial Machines increase: 15% (Q1 FY27)
p. 4
“Yes. The absolute Gross Margin went up by 15%, and in percentage terms it went up by approximately 5%.”
Rakesh Khanna, page 4 of the filed PDF · View the filing
Revenue split - ZigZag Sewing Machine: approximately 20% (Q1 FY27)
p. 7
“The ZigZag Sewing Machine is approximately 20%, Black Sewing Machines put together is approximately 50%, and around 30% is the Industrial Sewing Machine and the accessories.”
Rakesh Khanna, page 7 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Bhiwadi factory pilot production — Pilot production start · second half of the year
stated firmly by Rakesh Khanna
p. 4
“Among some other updates, setting up of our new factory in Bhiwadi, Rajasthan, is progressing well and we plan to commence Pilot production from second half of the year.”
Rakesh Khanna, page 4 of the filed PDF · View the filing
Kendriya Bhandar order completion — Complete the entire order · end of the quarter
stated firmly by Rakesh Khanna
p. 4
“I can tell you this part, that by end of the quarter, we aim to complete the entire thing.”
Rakesh Khanna, page 4 of the filed PDF · View the filing
Appliances EBIT breakeven — EBIT level breakeven · next year
stated as an aspiration by Rakesh Khanna
p. 5
“Our goal is to become very quickly EBIT breakeven. But I think that's going to happen next year.”
Rakesh Khanna, page 5 of the filed PDF · View the filing
Bhiwadi factory capacity — 10,000 plus per month capacity · initial phases
stated firmly by Rakesh Khanna
p. 8
“So, we should be, in the initial phases, we will be at 10,000 plus per month capacity.”
Rakesh Khanna, page 8 of the filed PDF · View the filing
Industrial Sewing Machine growth — coming period
stated as an aspiration by Rakesh Khanna
p. 5
“But in the coming period, I'm very hopeful that it will be high growth for Industrial Sewing Machine for us too.”
Rakesh Khanna, page 5 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management confirmed the standard came into effect earlier but concurrent allowance for the old standard ended on August 12, and Singer is already compliant and manufacturing to the new standard.
Answered by Rakesh Khanna
Asked by Ashok: Has the revised BIS standard IS 15449 for sewing machines come into effect, and is Singer compliant?
p. 4
“I'm happy to say that a Singer is already compliant with the new standard and we are already now manufacturing the ZigZag machines as per the new standards.”
Rakesh Khanna, page 4 of the filed PDF · View the filing
Management said they aim to complete the order by end of the quarter but declined to share specific numbers citing competitive sensitivity.
Answered by Rakesh Khanna
Asked by Ashok: What is the pending balance of the Kendriya Bhandar order worth Rs. 202 crores?
p. 4
“In terms of numbers, I would stay away from that because it's competitively sensitive information.”
Rakesh Khanna, page 4 of the filed PDF · View the filing
Management confirmed EPR was approximately Rs. 1.2 crores and one reason for the lower Appliances result, but said they are moving toward EBIT breakeven to cover this cost.
Answered by Rakesh Khanna
Asked by Laksh: What is the absolute amount of EPR this quarter and is it the sole reason for the worse Appliances profit?
p. 6
“The absolute amount of EPR is approximately Rs. 1.2 crores for this quarter, and this is proportionate for the year.”
Rakesh Khanna, page 6 of the filed PDF · View the filing
Management said they remain open to inorganic opportunities only if attractive, and described a phased, asset-light approach to the new factory, noting funds could be raised if needed.
Answered by Rakesh Khanna
Asked by Laksh: What is the status of inorganic growth plans and is the existing cash balance sufficient?
p. 7
“We are also looking at inorganic, but we would consider them only if we find something that is really good.”
Rakesh Khanna, page 7 of the filed PDF · View the filing
Management said the priority remains the large Indian market, though there is an arrangement with SVP Global for potential purchase of manufactured machines for global supply.
Answered by Rakesh Khanna
Asked by Harshit: Could Singer start exporting appliances given new product launches, despite sewing machine exports not being a near-term focus?
p. 7
“Having said that, we have an understanding with SVP Global that the machines that we are manufacturing can be purchased by SVP Global for their global supply chain.”
Rakesh Khanna, page 7 of the filed PDF · View the filing
Management explained this was a de-risking measure to build stock during the transition from imports to domestic manufacturing while production capacity ramps up.
Answered by Rakesh Khanna
Asked by Laksh: Why import ZigZag machines heavily despite already manufacturing them domestically?
p. 8
“I just want to share with you that these machines are fairly complex to make, and we are going through a good learning curve.”
Rakesh Khanna, page 8 of the filed PDF · View the filing
Risks flagged
Steep increase in commodity prices causing demand disruption, labor shortage and sourcing challenges
p. 3
“During the quarter, steep increase in commodity prices resulted in demand disruption, labor shortage and price volatility posed sourcing challenge.”
Rakesh Khanna, page 3 of the filed PDF · View the filing
Rising commodity costs in Appliances leading to price increases and dampened purchase demand
p. 3
“In the Appliances Business, industry was impacted by rising commodity costs leading to price increases which led to dampened purchase demand.”
Rakesh Khanna, page 3 of the filed PDF · View the filing
EPR costs weighing on Appliances profitability
p. 3
“Despite the growth in revenue, the segment result is lower by approximately Rs.74 lakhs compared to last year Ql, mainly due to the impact of EPR and our investment in strengthening organization for market expansion and fan business.”
Rakesh Khanna, page 3 of the filed PDF · View the filing
End of NOC-based imports after new BIS standard concurrence stopped
p. 4
“And therefore, to the best of my knowledge, no more NOCs will be made available, and no more imports will be done.”
Rakesh Khanna, page 4 of the filed PDF · View the filing
Coolers product headwind offsetting Induction Cooktop tailwind in Appliances
p. 5
“But at the same time, there were headwinds on some of the products like Coolers, there was a headwind, the product didn't take off, and I think both neutralized each other.”
Rakesh Khanna, page 5 of the filed PDF · View the filing
Steep price correction dampening Industrial Sewing Machine demand in Q1
p. 5
“The Ql has been fairly damp because of a very steep price correction that we had to take.”
Rakesh Khanna, page 5 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.