Financial Performance Highlights

Q1 FY2027 (Current Quarter) vs Q1 FY2026 (Year-Ago Quarter)

  • Total Income: ₹6,035 crore, increased 26% from ₹4,794 crore in Q1 FY2026
  • Total Expenditure: ₹5,658 crore, increased 30% from ₹4,352 crore in Q1 FY2026
  • EBITDA: ₹376 crore, decreased 15% from ₹442 crore in Q1 FY2026
  • EBITDA Margin: 6.2%, declined from 9.2% in Q1 FY2026
  • PAT (Profit After Tax): ₹208 crore, decreased 22% from ₹266 crore in Q1 FY2026
  • PAT Margin: 3.5%, declined from 5.5% in Q1 FY2026

Q1 FY2027 vs Q4 FY2026 (Previous Quarter)

  • Total Income: ₹6,035 crore, decreased 7% from ₹6,502 crore in Q4 FY2026
  • Total Expenditure: ₹5,658 crore, decreased 5% from ₹5,955 crore in Q4 FY2026
  • EBITDA: ₹376 crore, decreased 31% from ₹546 crore in Q4 FY2026
  • EBITDA Margin: 6.2%, declined from 8.4% in Q4 FY2026
  • PAT: ₹208 crore, decreased 40% from ₹346 crore in Q4 FY2026
  • PAT Margin: 3.5%, declined from 5.3% in Q4 FY2026

Operational and Business Highlights

  • Revenue from Operations: ₹6,031 crore for Q1 FY2027
  • Gold Inventory: ₹10,407 crore as disclosed in management commentary
  • Customer Advances: ₹5,388 crore providing natural hedge against gold inventory
  • Supplier Credit: ₹292 crore, largely settled after approximately 60 days at prevailing gold prices
  • Store Network: 64 stores across 55 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Puducherry
  • Retail Area: Approximately 6.96 lakh square feet total retail area
  • Business Focus: Value-led jewellery retail targeting mass and value-conscious consumers

Management Commentary Key Points

  • Company delivered 26% year-on-year revenue growth reflecting strength of value-led proposition
  • Positive about expansion plans with focus on deepening presence in existing markets and selective entry into new catchments
  • Store additions will be calibrated and supported by integrated manufacturing capabilities and extensive karigar network
  • Demand environment remains encouraging supported by wedding and festive consumption
  • Consumers showing preference for trusted organized retailers
  • Volatility in gold prices may continue to influence purchase volumes and product mix
  • Outlook remains positive with focus on sustainable growth, prudent expansion, and operational efficiency

Company Background

  • Established in 1985
  • Offers diverse portfolio of gold, silver and diamond jewellery
  • Caters to weddings, festivals, daily wear and other personal occasions
  • Supported by integrated manufacturing capabilities and network of skilled karigars
  • Operates jewellery purchase schemes designed to drive customer engagement