Key Quantitative Figures - Q1 FY27 Financial Results (Unaudited)

  • Total Revenue: ₹1,059.45 crore for quarter ended June 30, 2026
  • Total Expenses: ₹1,026.46 crore for quarter ended June 30, 2026
  • Profit Before Exceptional Items and Tax: ₹32.99 crore
  • Exceptional Items: Credit of ₹3.78 crore (reversal of provision for metal-based jewellery obligations)
  • Profit Before Tax: ₹36.77 crore
  • Tax Expense: ₹9.20 crore (Current tax: ₹9.43 crore, Deferred tax: ₹(0.23) crore)
  • Profit for the Period: ₹27.57 crore
  • Other Comprehensive Income: ₹0.32 crore (net of tax)

Dates of Action

  • Board Meeting: August 10, 2026 (commenced at 3:50 PM, concluded at 4:15 PM)
  • Quarter Ended: June 30, 2026
  • AGM Date: September 25, 2026 at 12:00 noon through Video Conference/Audio Visual Means

Parties Involved

  • Statutory Auditors: M/s Sagar & Associates, Chartered Accountants, Hyderabad (Peer Review No: 011975)
  • Scrutinizer: Mrs. N. Vanitha, Practicing Company Secretary, Hyderabad
  • Key Management Personnel:
  • Mrs. Bharata Mallika Ratna Kumari Grandhi (Chairperson & Managing Director)
  • Mrs. Sai Keerthana Grandhi (Whole-time Director & CFO)
  • Mrs. Sai Sindhuri Grandhi (Executive Director)

Management Reappointments Approved

1. Mrs. Bharata Mallika Ratna Kumari Grandhi (DIN: 00492520) as Chairperson & Managing Director for 5 years effective February 12, 2027

2. Mrs. Sai Keerthana Grandhi (DIN: 05211918) as Whole-time Director for 5 years effective March 1, 2027

3. Mrs. Sai Sindhuri Grandhi (DIN: 02795856) as Executive Director for 5 years effective March 1, 2027

All reappointments are based on recommendations of respective committees and subject to shareholder approval at the ensuing AGM.

Auditor Reappointment

Approved re-appointment of M/s Sagar & Associates as Statutory Auditors for 5 consecutive years from FY 2026-27 to FY 2030-31, subject to shareholder approval.

Exceptional Items Disclosure

During FY 2025-26, the company had recognized a provision of ₹15.13 crore towards potential losses on uncovered portion of metal-based jewellery purchase plan obligations. Based on reassessment during Q1 FY27, ₹3.78 crore of the provision has been reversed (treated as exceptional item credit), while ₹11.35 crore continues till maturity.

Additional Information

  • The company operates in a single business segment (jewellery retail)
  • No subsidiaries, associates, or joint ventures as of June 30, 2026
  • Financial results reviewed by Audit Committee and approved by Board of Directors
  • Statutory auditors issued limited review report on the results
  • Previous period figures have been reclassified where necessary

Capital Structure Impact

No immediate capital structure impact disclosed. All reappointments and auditor appointments subject to shareholder approval at AGM.

Cash Flow Implications

No specific cash flow implications disclosed beyond normal operational results.