Financial Performance Highlights

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from operations: ₹5,399.79 lakh
  • Other income: ₹156.92 lakh
  • Total income: ₹5,556.71 lakh
  • Profit before tax: ₹1,438.90 lakh
  • Total tax expense: ₹366.94 lakh
  • Profit after tax: ₹1,071.96 lakh
  • Basic and diluted EPS: ₹10.24

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from operations: ₹8,121.41 lakh
  • Other income: ₹345.00 lakh
  • Total income: ₹8,766.41 lakh
  • Profit before tax: ₹2,117.49 lakh
  • Total tax expense: ₹540.57 lakh
  • Profit after tax: ₹1,576.92 lakh
  • Basic and diluted EPS: ₹15.06

Comparative Performance

Quarterly Comparison (YoY):

  • Revenue increased 79% from ₹3,209.70 lakh in Q2 FY26 to ₹5,556.71 lakh in Q2 FY27
  • Profit after tax increased 112% from ₹504.96 lakh in Q2 FY26 to ₹1,071.96 lakh in Q2 FY27
  • EPS increased from ₹4.82 to ₹10.24

Half Year Comparison (YoY):

  • Revenue increased 16% from ₹7,624.67 lakh in H1 FY26 to ₹8,766.41 lakh in H1 FY27
  • Profit after tax increased 1% from ₹1,557.85 lakh in H1 FY26 to ₹1,576.92 lakh in H1 FY27

Balance Sheet Position (as of September 30, 2026)

  • Total assets: ₹21,672.12 lakh (vs. ₹16,746.24 lakh as of March 31, 2026)
  • Inventories: ₹7,395.24 lakh (vs. ₹4,824.25 lakh)
  • Trade receivables: ₹2,977.41 lakh (vs. ₹1,362.97 lakh)
  • Cash & cash equivalents: ₹17.65 lakh (vs. ₹85.55 lakh)
  • Other bank balances: ₹7,791.66 lakh (vs. ₹7,189.64 lakh)
  • Equity share capital: ₹1,047.03 lakh (unchanged)
  • Other equity: ₹14,723.12 lakh (vs. ₹13,143.35 lakh)

Cash Flow Statement (H1 FY27)

  • Cash from operating activities: ₹692.70 lakh
  • Cash used in investing activities: ₹(522.09) lakh
  • Cash used in financing activities: ₹(238.51) lakh
  • Net decrease in cash: ₹(67.90) lakh

Operational and Strategic Updates

  • The company operates in one segment: Trading in fashion/costume jewellery, Gold and Diamond jewellery & Silver jewellery
  • Advance tax payments totaling ₹250 lakh made for FY 2026-27 till September 2026
  • Store footprint: 36 Shop-in-Shop stores with P. N. Gadgil & Sons Limited, 51 other entity SIS stores, and 54 exclusive brand outlets (including kiosks)
  • Preferential issue of 90,000 equity shares to promoters and 22,500 equity shares to non-promoters at ₹970 per share in previous financial year
  • ₹832.04 lakh utilized from preferential issue proceeds for pan-India marketing expenses
  • 30 new Exclusive Brand Outlets opened over past 6-18 months, increasing operational costs
  • Navratri sales impact shifted to Q3 FY27 as festival started on October 10, 2026 (compared to September period in previous year)

Auditor's Review

Khandelwal Jain & Associates issued a limited review report confirming the financial results comply with Ind AS 34 and SEBI LODR requirements, with no material misstatements identified.

Share Capital

  • Paid-up equity share capital: ₹1,047.03 lakh
  • Weighted average number of shares: 1,04,70,303 for Q2 FY27 and H1 FY27