ALFA Finder| Revenue growth | Revenue +55% YoY to ₹225 Cr; bullion sales inflate, organic growth unclear. |
|---|---|
| Margins | Gross margin down ~6%; PAT margin 7.3% vs 12% prior. |
| Demand visibility | Navratri timing shifted volumes; October normalising per management, unverified. |
| Management confidence | Defensive on margins; over-optimistic on Surat store early sales. |
Growth
Revenue +55% YoY; retail +72%, wholesale +31%. Bullion sales inflate revenue at near-zero margin; gross margin reportedly down ~6%.
Outlook
3-4 new stores yearly; ₹20-25 Cr marketing this year; Rajkot launch 21-25 Nov. Consolidated margin of 11-12% claimed, unsupported by reported numbers.
Risks
Inventory-loss answers contradicted themselves. Finance cost rose to ₹5.54 Cr from ₹2.55 Cr. Same-store sales and bullion figures were withheld.
Last quarter's promises, checked
Delivered
- Surat store: guided last week of Sep → opened Sep (= BEAT)
Partly delivered
- 4 stores in FY27 (sanctioned debt covers 4) → 4 scheduled (Surat, Rajkot, Madhapur, Gandhinagar), but 2 slipped out of Q3 (= PARTIAL)
Missed
- Rajkot: guided before Oct / early Q3 → 21-25 Nov (= MISS)
- Gandhinagar: guided Q3 (Oct-Dec) → Jan (= MISS)
- PAT to improve as stores ramp: Q1 PAT 7.5% → Q2 PAT 7.3% (= MISS)
Earnings Call Transcript filed with NSE, NSE: RBZJEWEL. Summary written with AI assistance from the document.
RBZ Jewellers Ltd: key numbers
- Share price
- ₹170.31
- Market cap
- ₹681.2 Cr
- Revenue (annual)
- ₹636.5 Cr
- Net profit (annual)
- ₹54.80 Cr
- P/E (TTM)
- 12.5×Sector 48.4×
- Promoter holding
- 75.00%+0.00% QoQ
- FII holding
- 0.29%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from RBZ Jewellers Ltd
All →RBZ Jewellers Investor Presentation: Key Takeaways
Q2FY27 revenue ₹2,247 Mn (+54.9% YoY), EBITDA ₹292 Mn (13.0% margin), PAT ₹164 Mn (-11.7% YoY). Retail-led growth; Gujarat store rollout underway.
RBZ Jewellers Other Announcement
RBZ Jewellers Limited has reconstituted its Audit, Nomination and Remuneration, and Stakeholder Relationship Committees. Mr. Rajiv Mehta, an Independent Director, was appointed as a member of these committees.
RBZ Jewellers Q2 FY27 Results: Net Profit ₹16.4 Cr, Down 11.8% YoY
RBZ Jewellers reported Q1 FY27 revenue of ₹224.71 Cr and net profit of ₹16.39 Cr. The board reconstituted its key governance committees.
- Key figure
- Net profit ₹16.4 Cr · -11.8% YoY
RBZ Jewellers Board Meeting Date
RBZ Jewellers intimated that its Board will meet on 3 November 2026 to consider Q1 FY27 unaudited results. No financial figures or transaction value is disclosed in this advance notice.
RBZ Jewellers Other Announcement
The company has filed its quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI regulations.
RBZ Jewellers Other Announcement
Director Rajiv Nitin Mehta purchased 4,800 equity shares of RBZ Jewellers Ltd via market purchase on the NSE. The transaction value is Rs. 0.10 Crore.
- Value
- ₹0.10 Cr