• The document is a transcript of the Q4 FY26 Earnings Conference Call held on Friday, May 22, 2026, discussing the Audited Financial Results for the quarter and year ended March 31, 2026.
  • The call was moderated by Mr. Ajit Mishra from Ernst & Young Investor Relations. Management participants included Mr. Anil Kataria (Whole-time Director), Mr. Vikas Kataria (Promoter), and Mr. Manish Laddha (Chief Financial Officer).
  • The purpose of the call was to discuss FY26 results and business performance, including financial highlights, operational metrics, and future outlook.
  • The meeting was held after the earnings announcement, as referenced by the availability of press releases, financial results, and investor presentations that had been circulated via email and were available on stock exchanges and the company's website.
  • The company indicated that the transcript would be hosted on their website www.dpjewellers.com in accordance with SEBI LODR Regulations.
  • The company included standard forward-looking statement disclaimers but did not include specific compliance language regarding unpublished price sensitive information (UPSI).

Financial Highlights Discussed:

  • Q4 FY26 Performance: Revenue stood at INR1,338.9 crores (87% YoY growth), EBITDA at INR73 crores (72% YoY growth) with margin of 5.45%, PAT at INR50.6 crores (101% YoY growth) with margin of 3.78%.
  • Full Year FY26 Performance: Revenue stood at INR4,070.3 crores (23% YoY growth), EBITDA at INR309.7 crores (77% YoY growth) with margin of 7.61% (234 bps expansion), PAT at INR211.8 crores (88% YoY growth) with margin of 5.20% (180 bps expansion).
  • Product Mix (Q4): Gold segment grew 80% YoY, silver segment grew ~333% YoY (INR16 crores to INR69 crores), diamond segment grew ~38% YoY (INR26 crores to INR36 crores).
  • Product Mix (FY26): Gold segment revenue INR3,702 crores (21% YoY growth), silver segment INR183 crores (168% YoY growth), diamond segment declined ~5% YoY.

Forward-looking Statements and Strategic Themes:

  • FY27 Revenue Guidance: ~INR4,800 crores (20-25% growth)
  • FY28 Revenue Guidance: ~INR5,500 crores
  • EBITDA Margin Guidance for FY27: 6-6.5%
  • Long-term EBITDA Margin Target (FY30): 8-8.5%
  • Annual Growth Target (2026-2030): 25-30%
  • Store Expansion Target: 51 stores by 2030 (from current 12 stores)
  • FY27 Store Addition Plan: 3-4 company-owned stores + 1 franchise store

Additional Notes Section

  • The document represents a transcript of the earnings call without additional attachments such as investor decks or presentation materials.
  • Financial data was extensively disclosed during the call, including quarterly and annual results, product segment breakdowns, and forward guidance.
  • The transcript includes detailed Q&A session with analysts and investors covering margins, expansion plans, working capital, demand trends, and competitive landscape.