D. P. Abhushan FY26 PAT rises 88% to ₹211.8 crores
D. P. Abhushan Limited reported a robust financial performance for FY26, with PAT rising 88% YoY to ₹211.8 crores and revenue increasing 23% to ₹4,070.3 crores. EBITDA margins expanded by 234 basis points to 7.61%, supported by operating efficiencies and scale. Q4 FY26 revenue grew 87% to ₹1,338.9 crores, with PAT more than doubling to ₹50.6 crores. The company expanded its retail footprint to 12 stores and targets 51 stores by 2030, while focusing on digital channels to drive future growth.
*this image is generated using AI for illustrative purposes only.
D. P. Abhushan Limited reported a robust financial performance for the year ended March 31, 2026 (FY26), with Profit After Tax (PAT) rising 88% year-on-year to ₹211.8 crores. The strong profitability was driven by improved operating efficiencies and better scale, which also expanded EBITDA margins by 234 basis points to 7.61%. Revenue from operations for the full year grew 23% to ₹4,070.3 crores, supported by festive and wedding demand in the second half and contributions from new stores.
Financial Performance
For the fourth quarter of FY26, the company posted a revenue of ₹1,338.9 crores, an increase of 87% compared to the same period last year. PAT for the quarter stood at ₹50.6 crores, more than doubling with a 101% YoY growth, while EBITDA increased 72% to ₹73 crores. The silver segment witnessed exceptional growth during the quarter, rising approximately 333% YoY to ₹69 crores, while the diamond segment grew 38% to ₹36 crores.
| Metric | Q4 FY26 | FY26 |
|---|---|---|
| Revenue | ₹1,338.9 crores | ₹4,070.3 crores |
| YoY Growth | 87% | 23% |
| EBITDA | ₹73 crores | ₹309.7 crores |
| EBITDA Margin | 5.45% | 7.61% |
| PAT | ₹50.6 crores | ₹211.8 crores |
Operational Highlights
The company strengthened its retail footprint during the year, inaugurating a new store in Dhar and taking its total showroom network to 12. The total retail store area stood at approximately 53,650 sq. ft., with an average revenue of ₹7.6 lakhs per sq. ft. and ₹339 crores per store. Management indicated that same-store sales growth was around 20% for the year. Looking ahead, the company aims to expand its presence in Madhya Pradesh, Rajasthan, Gujarat, Maharashtra, and Chhattisgarh, targeting a total of 51 stores by 2030.
Strategic Outlook
Management expressed confidence in sustaining growth, citing strong wedding demand and the effectiveness of its old gold exchange policies. The company has proactively adopted Gold Metal Loans (GML) and hedging mechanisms to manage volatility. For FY27 and FY28, the revenue guidance is set at approximately ₹4,800 crores and ₹5,500 crores respectively, implying a growth trajectory of 20% to 25%. The company is also focusing on digital channels, expecting online sales to contribute 3% to 5% of total revenue over the next three to five years.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE266Y01019/cbac0c74ac484f35.pdf
Historical Stock Returns for D P Abhushan
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.91% | -3.30% | -18.59% | -38.06% | -39.91% | +440.28% |
How will the company's aggressive expansion from 12 to 51 stores by 2030 impact its capital expenditure and debt levels in the near term?
What specific strategies will be employed to maintain the current 20% same-store sales growth as the retail footprint scales into new geographic territories?
To what extent will the reliance on Gold Metal Loans and hedging mechanisms protect margins if gold price volatility increases significantly in FY27?
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