Singer India makes NSE debut
The company is already listed on BSE, and the additional listing strengthens its presence in the capital markets
Singer India makes NSE debut
New Delhi: Singer India, a leading player in the sewing machine industry, on Thursday made its market debut on the NSE. Shares of the company started trading at Rs 74.75 on the NSE, and finally ended at Rs 70.42. However, on Friday the shares of the company closed marginally lower to Rs70.06.
The company is already listed on BSE, and the additional listing strengthens its presence in the capital markets, enhances investor access and reinforces its commitment to strong governance, transparency, and long-term value creation, as per a statement by the firm.
Rakesh Khanna, Vice Chairman & Managing Director, Singer India Ltd, said, "Our additional listing on the National Stock Exchange marks an important milestone in Singer India's journey and further strengthens our engagement with the capital markets.
"This milestone comes at a time when the company is witnessing strong business momentum, supported by market share gains, premiumisation and a sharper focus on innovation and product development."
As we leverage the strength of the Singer brand and its global legacy, we are entering the next phase of growth, driven by our 'Make in India' manufacturing initiatives, expansion into consumer appliances, and a strong digital and e-commerce presence, he added. In the first nine months of FY2025 “26, Singer India reported a revenue of Rs 391 crore, reflecting a growth of 26.1 per cent year-on-year. Profit before tax (excluding exceptional items) stood at Rs 10.2 crore compared to Rs 4.4 crore in the corresponding period last year, representing a growth of over 130 per cent, driven by improved product mix, premiumisation and operational efficiencies, the statement said.
Aligned with the government's vision of Atmanirbhar Bharat, Singer India is accelerating its Make in India journey with a strong focus on the Zig-Zag sewing machine category, it added. Historically imported across all brands, these machines will now be manufactured in India for the first time, with Singer India securing the required license, the statement noted.
