Financial Highlights (₹ in Crores)

Q1FY27 Performance vs Q1FY26:

  • Total Revenue: ₹853.63 vs ₹541.32 (58% YoY growth)
  • EBITDA: ₹93.99 vs ₹55.25 (70% YoY growth)
  • EBITDA Margin: 11.01% vs 10.21% (80 bps expansion)
  • PAT: ₹64.45 vs ₹36.42 (77% YoY growth)
  • PAT Margin: 7.55% vs 6.73% (82 bps expansion)

Full Year FY26 Reference:

  • Total Revenue: ₹4,070.33 crore
  • EBITDA: ₹309.67 crore
  • PAT: ₹211.84 crore

Operational Performance Metrics

  • Same Store Sales Growth: 52% during Q1FY27
  • Footfall Conversion Ratio: 81% during the quarter
  • Average Ticket Size: ₹1,57,000
  • Sales Composition: Wedding-related purchases 62%, festive purchases 18%, other categories 20%
  • Gold Exchange Contribution: Approximately 25% of total sales in Q1FY27

Expansion and Store Development

The Company has finalized locations for two new showrooms:

Dahod, Gujarat Showroom:

  • Retail area: 3,200 square feet
  • Ownership model: Company Owned Company Operated (COCO)
  • Significance: First showroom in Gujarat state, marking strategic entry into Gujarat retail market
  • Status: Fit-out and development activities progressing, expected to become operational shortly

Jabalpur, Madhya Pradesh Showroom:

  • Retail area: 3,750 square feet
  • Ownership model: Franchisee Owned Company Operated (FOCO) - first expansion through this model
  • Significance: Represents milestone in retail growth and business expansion strategy
  • Status: Fit-out and development activities progressing, expected to become operational shortly

Business Strategy and Risk Management

  • The Company follows disciplined approach to gold procurement and inventory management
  • Utilizes Gold Metal Loans (GMLs) and hedging mechanisms at commodity exchange platform to mitigate gold price volatility
  • Strategies support margin stability and working capital efficiency
  • Strong traction in D.P. Swarna Plus Scheme reflecting customer preference for planned jewellery purchases

Management Commentary

Mr. Santosh Kataria, Managing Director, commented that the healthy Q1 performance occurred despite the Adhik Maas period falling entirely within the quarter. Growth was supported by strong festive purchases during Akshaya Tritiya, Poila Baisakh, Baisakhi, and the summer wedding season. Customer demand remained healthy across markets with both consumption-led and investment-led purchases. The Company remains confident in its business model, customer base, and expansion strategy.

Earnings Call Details

  • Date: July 20, 2026
  • Time: 16:00 hrs. IST
  • Duration: 60 minutes
  • Dial-in numbers: +91 22 6280 1107 / +91 22 7115 8008
  • Pre-registration facility available

Management Representation

  • Mr. Anil Kataria - Whole Time Director
  • Mr. Santosh Kataria - Managing Director
  • Mr. Vikas Kataria - Promoter
  • Mr. Manish Laddha - Chief Financial Officer

Company Background

D. P. Abhushan Limited has an 86-year legacy in the jewellery industry since 1940 under brand "D.P. Jewellers." Listed in 2017, now managed by the 4th generation of the founding family. Operates 12 showrooms across Ratlam, Indore, Udaipur, Bhopal, Ujjain, Bhilwara, Kota, Banswara, Ajmer, Neemuch, and Dhar. Offers products in Gold, Silver, Diamond, and Platinum across various collections.

Disclaimer

The document contains forward-looking statements subject to risks and uncertainties including government actions, economic developments, technological risks, and other factors that could cause actual results to differ materially.

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