Advit Jewels reported a 33.7% year-on-year increase in revenue from operations to ₹1,670.2 crore for FY26, driven by higher business volumes and an expanding customer base. Net profit after tax rose 35.6% to ₹343.9 crore, reflecting improved operational scale and disciplined capital deployment.

The Jaipur-based manufacturer of handcrafted fine jewellery posted an EBITDA of ₹492.4 crore, up from ₹371.5 crore in the previous fiscal year. The company's debt-equity ratio improved significantly to 0.77 from 1.29, aided by retained earnings and changes in capital structure.

Financial Performance

Advit Jewels saw robust growth across key financial metrics during the financial year ended March 31, 2026. Revenue from operations stood at ₹1,670.16 crore compared to ₹1,249.37 crore in FY25. Profit before tax (PBT) reached ₹416.3 crore, an increase from ₹307.0 crore in the prior year.

Operating cash flows turned positive during the period, signaling stronger liquidity management. The company maintained a healthy current ratio of 2.21, up from 1.76 in FY25, indicating improved short-term solvency.

Strategic Milestones

FY26 marked a pivotal transition for Advit Jewels as it moved from a closely held entity to a listed company. The equity shares were listed on the BSE and NSE on July 1, 2026, following a successful Initial Public Offering (IPO). The IPO comprised a fresh issue of 11,968,000 equity shares at ₹138 per share, raising approximately ₹1,651.6 crore.

Additionally, the Board allotted 1,832,000 equity shares via private placement at ₹125 per share, aggregating to ₹229.0 crore. These capital-raising activities supported the company's growth trajectory and expansion plans.

What the Numbers Show

A notable divergence exists between the company's inventory buildup and receivables management. While inventories surged by nearly 29% to ₹1,382.0 crore—reflecting increased stock holding to meet demand—the trade receivables turnover ratio improved by 25.7% to 14.05 times. This suggests that despite higher inventory levels, the company accelerated collections relative to sales growth, maintaining steady receivable days while scaling operations.

Advit Jewels will hold its seventh Annual General Meeting on Monday, September 28, 2026. The meeting is scheduled for 4:00 pm and will be conducted through Video Conferencing or Other Audio-Visual Means.

The company published the notice in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The publication appeared in the English edition of Financial Express and the Rajasthan edition of Nafa Nuksan on August 27, 2026.

Key Agenda Items

The 7th AGM aims to address shareholders regarding the financial year 2025-26. The primary special business items include the appointment of Mr. Abhishek Gilara as Joint Managing Director and M/s. ATCS & Associates as Secretarial Auditors.

Appointment of Joint Managing Director

Shareholders will vote on the appointment of Mr. Abhishek Gilara (DIN: 03499248) as Joint Managing Director for a period of five years, from August 10, 2026, to August 9, 2031. Mr. Gilara brings over 25 years of experience in the jewellery industry and has been associated with the growth of the Rambhajo brand.

His remuneration package includes a basic salary of up to ₹10,00,000 per month, along with other perquisites and allowances as per company rules. In the event of absence or inadequate profits, he will receive a minimum remuneration of ₹2,00,000 per month.

Appointment of Secretarial Auditors

The meeting will also seek approval for the appointment of M/s. ATCS & Associates as Secretarial Auditors for five consecutive financial years, commencing from FY27. The proposed remuneration for FY27 is ₹1,00,000 excluding applicable taxes and out-of-pocket expenses.

Ordinary Business

The ordinary business includes the re-appointment of Mr. Prateek Gilara (DIN: 03499186) as Whole Time Director, who retires by rotation. He has served on the board since October 29, 2019, and holds a B.Com degree.

Voting and Participation

Members can cast their votes electronically through remote e-voting or during the meeting. Those attending via VC/OAVM will count toward the quorum under Section 103 of the Companies Act, 2013.

Remote e-voting will be available from Friday, September 25, 2026, at 9:00 am until Sunday, September 27, 2026, at 5:00 pm. The cut-off date for determining voting eligibility is Monday, September 21, 2026.

Physical shareholders must register their email addresses with the Registrar and Share Transfer Agent, Bigshare Services Private Limited, using Form ISR-1 and ISR-2. Demat holders should update their details with their respective Depository Participants.