Key Decisions and Approvals

The Board of Directors at their meeting held on 27th May, 2026 approved the following:

1. Audited Financial Results: Approved the audited standalone and consolidated financial results for the quarter and financial year ended 31st March, 2026 along with the press release.

2. Final Dividend: Recommended a final dividend of ₹2.5 per equity share (25%) of face value ₹10 each for the financial year ended 31st March, 2026, subject to approval of shareholders at the ensuing Annual General Meeting.

Auditor Details and Opinion

  • Statutory Auditors: M/s. Chaturvedi & Shah LLP
  • Audit Report: Issued with unmodified opinion on both standalone and consolidated financial results
  • Registration No.: 101720W/W100355
  • Signing Partner: Vijay Napawaliya (Membership No. 109859)

Meeting Details

  • Commencement Time: 2:30 p.m.
  • Conclusion Time: 3:35 p.m.
  • Duration: 1 hour 5 minutes

Financial Performance Highlights (Standalone)

Quarterly Performance (Q4 FY26)

  • Revenue from operations: ₹8,296.95 lakh (56.74% YoY growth)
  • Total income: ₹8,315.03 lakh
  • Profit before tax: ₹895.29 lakh (527.69% YoY growth)
  • Profit after tax: ₹670.80 lakh (558.53% YoY growth)
  • Basic EPS: ₹10.05 (not annualized)
  • Diluted EPS: ₹10.05 (not annualized)

Annual Performance (FY26)

  • Revenue from operations: ₹32,029.53 lakh (22.23% YoY growth)
  • Total income: ₹32,107.95 lakh
  • Profit before tax: ₹2,684.47 lakh (169.23% YoY growth)
  • Profit after tax: ₹2,004.92 lakh (177.11% YoY growth)
  • Basic EPS: ₹30.04
  • Diluted EPS: ₹30.04

Key Financial Ratios (Standalone)

  • Gross Margin %: 17.47% (381 bps improvement YoY)
  • EBITDA Margin: 11.18% (446 bps improvement YoY)
  • PAT Margin: 6.26% (350 bps improvement YoY)

Balance Sheet Position (Standalone as at 31st March, 2026)

  • Total Assets: ₹21,089.61 lakh
  • Inventories: ₹17,729.37 lakh
  • Cash and cash equivalents: ₹269.17 lakh
  • Bank balances (other): ₹746.63 lakh
  • Total Equity: ₹8,467.04 lakh
  • Paid-up equity share capital: ₹667.31 lakh
  • Other Equity: ₹7,799.74 lakh
  • Total Liabilities: ₹12,622.52 lakh

Consolidated Financial Performance

Quarterly Performance (Q4 FY26)

  • Revenue from operations: ₹8,296.92 lakh
  • Profit after tax: ₹676.44 lakh
  • Profit attributable to owners: ₹676.44 lakh

Annual Performance (FY26)

  • Revenue from operations: ₹32,029.53 lakh
  • Profit after tax: ₹2,023.06 lakh
  • Profit attributable to owners: ₹2,023.06 lakh
  • Basic EPS: ₹30.32
  • Diluted EPS: ₹30.32

Segment Information

Both standalone and consolidated business activities fall within a single primary business segment of "Jewellery" and one reportable geographical segment "within India".

Dividend Details

  • Dividend per share: ₹2.5 (25% of face value ₹10)
  • Payment: Subject to deduction/withholding of applicable taxes
  • Timeline: To be paid within prescribed timelines under law after shareholder approval

Other Material Information

1. Labour Code Implementation: The Government of India has consolidated 29 labour legislations into four labour codes effective from 21st November, 2025. The Company has estimated and recognized incremental liability pertaining to employees, which is not material to the financial results.

2. Network Expansion: Added two new Company Owned, Company Operated (COCO) flagship showrooms in C.G. Road, Ahmedabad, Gujarat and Kondapur, Hyderabad, Telangana, expanding to 37 showrooms across 28 cities.

3. Comparative Figures: Figures for corresponding previous period/year have been regrouped/rearranged wherever necessary for comparability.

Management Commentary Highlights

  • Mr. Shrikant Zaveri (Chairman & MD): FY26 marked strongest-ever financial performance with Revenue growth of 22.23%, EBITDA more than doubling at 103.42%, and PAT increasing 177.11%.
  • Ms. Binaisha Zaveri (Whole-time Director): Focus on improving productivity at existing stores and ensuring new openings ramp up in returns-accretive manner.
  • Ms. Raashi Zaveri (Whole-time Director): Emphasis on design-led launches including Dohra (detachable bridal jewellery), 'Just Hers', and NINE (9 Karat collection).
  • Mr. Mukesh Sharma (CFO): Structural improvement in earnings profile with gross margin expanding 381 bps to 17.47% and EBITDA margin expanding 446 bps to 11.18%.

Cash Flow Highlights (Standalone FY26)

  • Cash generated from operating activities: ₹963.56 lakh
  • Direct tax paid: ₹670.65 lakh
  • Net cash from operating activities: ₹292.91 lakh
  • Net cash used in investing activities: ₹94.33 lakh
  • Net cash used in financing activities: ₹174.21 lakh
  • Net increase in cash: ₹24.37 lakh

Capital Structure

  • Paid-up equity share capital: ₹667.31 lakh
  • Face value: ₹10 per share
  • No change in share capital during the period

Effective Date

The Board decisions and financial results are effective from 27th May, 2026.