Financial Results for Quarter Ended September 30, 2026

Standalone Performance (INR in millions)

  • Total Income: ₹70,235.28 (Q2 FY27) vs ₹65,341.51 (Q2 FY26) - 7.5% increase
  • Revenue from Operations: ₹70,196.14 (Q2 FY27) vs ₹65,301.66 (Q2 FY26)
  • Profit Before Tax: ₹3,440.18 (Q2 FY27) vs ₹3,234.55 (Q2 FY26) - 6.4% increase
  • Profit After Tax: ₹2,529.00 (Q2 FY27) vs ₹2,408.83 (Q2 FY26) - 5.0% increase
  • EPS (Basic & Diluted): ₹4.80 (not annualized)

Half-Year Standalone Performance (INR in millions)

  • Total Income: ₹130,666.20 (H1 FY27) vs ₹113,280.30 (H1 FY26)
  • Profit After Tax: ₹4,612.81 (H1 FY27) vs ₹5,048.63 (H1 FY26)
  • EPS (Basic & Diluted): ₹8.98 (not annualized)

Consolidated Performance (INR in millions)

  • Total Income: ₹70,234.76 (Q2 FY27) vs ₹65,340.70 (Q2 FY26)
  • Profit After Tax: ₹2,530.47 (Q2 FY27) vs ₹2,420.66 (Q2 FY26) - 4.5% increase
  • EPS (Basic & Diluted): ₹4.80 (not annualized)

Key Financial Metrics

  • Gross Profit Margin: 9.29% (Q2 FY27) vs 9.39% (Q2 FY26)
  • EBITDA: ₹4,452.77 million (Q2 FY27) vs ₹4,058.24 (Q2 FY26) - 9.7% increase
  • EBITDA Margin: 6.33% (Q2 FY27) vs 6.25% (Q2 FY26)
  • Tax Expense: ₹911.18 million (Q2 FY27 standalone)
  • Paid-up Equity Share Capital: ₹2,798.55 million (559,709,811 shares of ₹5 face value)

Balance Sheet Position (Standalone as at September 30, 2026)

  • Total Assets: ₹127,417.38 million
  • Inventories: ₹107,105.40 million
  • Cash & Cash Equivalents: ₹4,306.97 million
  • Borrowings: ₹18,110.37 million (current) + ₹243.16 million (non-current)
  • Total Equity: ₹46,213.86 million

Board Approvals

1. Financial Results Approval

The Board approved the unaudited standalone and consolidated financial results for the quarter ended September 30, 2026, together with Limited Review Reports issued by Statutory Auditors Suresh Surana & Associates LLP with unmodified opinion.

2. Secretarial Auditor Appointment

Approved appointment of M/s. V. S. Sowrirajan & Associates, Practicing Company Secretaries, as Secretarial Auditors for five consecutive financial years from FY 2026-27 to FY 2030-31, subject to shareholder approval at ensuing AGM. The Audit Committee recommended this appointment on November 11, 2026, pursuant to Regulation 24A(1)(b) of SEBI LODR Regulations.

3. Insider Trading Policy Amendments

Approved amendments to Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and their Immediate Relatives for Prevention of Insider Trading, pursuant to Regulation 9(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.

4. Scheme of Amalgamation

Approved draft Scheme of Amalgamation for merger of wholly-owned subsidiaries Asita Jewellery Manufacturing Private Limited and Centigrade Apparels Private Limited with Lalithaa Jewellery Mart Limited under Sections 230-232 of Companies Act, 2013.

Scheme of Amalgamation Details

  • Effective Date: April 1, 2026 (proposed)
  • Transferor Companies: Asita Jewellery Manufacturing Private Limited and Centigrade Apparels Private Limited
  • Transferee Company: Lalithaa Jewellery Mart Limited
  • Approvals Required: NCLT, shareholders, creditors, other statutory/regulatory authorities, and lenders
  • Consideration: No shares issued or consideration paid since subsidiaries are wholly-owned
  • Shareholding Impact: No change in shareholding pattern of Company
  • Rationale: Operational efficiency, integration synergies, reduced administrative costs, better supervision, and pooling of resources

IPO Completion and Utilization

  • IPO Completion Date: Quarter ended September 30, 2026
  • Listing Date: August 24, 2026 on NSE and BSE
  • Issue Size: Fresh issue of ₹12,000 million + Offer for sale of ₹5,000 million
  • Issue Price: ₹201 per share (face value ₹5 + premium ₹196)
  • Shares Issued: 59,732,655 equity shares (fresh issue)
  • Post-IPO Capital: ₹2,798.55 million (559,709,811 shares of ₹5 each)

IPO Proceeds Utilization (as of September 30, 2026)

  • Setting up 10 new stores: ₹5,979.78 million utilized of ₹10,332.31 million planned
  • General corporate purposes: ₹845.20 million utilized of ₹845.82 million planned
  • IPO expenses: ₹678.29 million utilized of ₹821.87 million planned
  • Total Utilized: ₹7,503.27 million of ₹12,000.00 million
  • Unutilized Amount: ₹4,496.73 million (₹4,140 million in fixed deposits, ₹310.32 million in current account, ₹46.41 million in escrow)

Other Material Information

  • Labour Code Impact: Company has assessed incremental impact of four new Labour Codes notified on November 21, 2025, based on best available information
  • Malaysia Investment: Paid ₹172.83 million for equity shares of Lalithaa Jewellery (M) SDN BHD, shares allotted/transferred on October 28, 2026 (post reporting date)
  • Operating Segments: Single primary segment as Company is engaged in manufacturing, sale and trading of gold jewellery, diamond studded jewellery, platinum, silver jewellery and articles
  • Board Meeting Duration: Commenced at 04:00 PM and concluded at 05:15 PM on November 11, 2026