Key Financial Figures
Quarterly Performance (Q2 FY27 vs Q2 FY26)
- Revenue from Operations: ₹745.95 crore (vs ₹430.08 crore), growth of 73.45% YoY
- EBITDA (Excluding Other Income): ₹42.52 crore (vs ₹36.79 crore), growth of 15.56% YoY
- EBITDA Margin: 5.70% (vs 8.55%)
- PAT: ₹29.56 crore (vs ₹26.04 crore), growth of 13.50% YoY
- PAT Margin: 3.96% (vs 6.06%)
- Gold volumes grew approximately 25.4% year-on-year
Half-Yearly Performance (H1 FY27 vs H1 FY26)
- Revenue from Operations: ₹1,462.33 crore (vs ₹722.85 crore), growth of 102.30% YoY
- EBITDA (Excluding Other Income): ₹113.97 crore (vs ₹88.20 crore), growth of 29.22% YoY
- EBITDA Margin: 7.79% (vs 12.20%)
- PAT: ₹80.04 crore (vs ₹60.40 crore), growth of 32.52% YoY
- PAT Margin: 5.47% (vs 8.36%)
- Gold volumes grew approximately 41.0% year-on-year to 1,058 kg
Capital Structure Update
During Q2 FY27, the company raised funds via rights issue comprising 46,43,471 equity shares of face value ₹10 each, at an issue price of ₹215 per share, aggregating ₹99.83 crore.
Operational Highlights
- Marol manufacturing facility commenced commercial production in June 2026
- Manufacturing facilities span 13,449 sq. ft. in MIDC and 14,590 sq. ft. in Marol, Mumbai
- Growth driven by healthy demand across domestic and international markets
- Export revenue more than doubled during the reported period
- New product categories including Turkish jewellery, Mangalsutras and Cuban bracelets received encouraging market response
Management Commentary
Mr. Pankajkumar Jagawat, Chairman & Managing Director, stated that H1 FY27 demonstrated robust volume growth and significant improvement in financial performance despite gold price volatility. The company remains focused on capitalizing on jewelry market demand opportunities, strengthening customer relationships, and enhancing operational capabilities.