Eighty Jewellers net profit jumps 426% in FY26
Eighty Jewellers reported a 426% increase in net profit to ₹974.35 lakh for FY26, driven by a rise in revenue to ₹12,834.81 lakh. The auditors issued an unmodified opinion on the results, and the Board appointed new internal auditors for FY27.
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Eighty Jewellers reported a net profit of ₹974.35 lakh for the financial year ended March 31, 2026, a significant increase from ₹185.25 lakh in the previous year. The company's revenue from operations rose to ₹12,834.81 lakh for FY26, compared to ₹10,967.93 lakh in FY25. The Board of Directors approved the audited financial results for the half year and full year ended March 31, 2026, at a meeting held on May 28, 2026.
The statutory auditors, Singhal & Sewak, Chartered Accountants, issued an audit report with an unmodified opinion on the financial results. The company noted that it is exempt from adopting Indian Accounting Standards (Ind AS) as its shares are listed on an SME exchange. Consequently, the financial results have been prepared using applicable accounting standards other than Ind AS.
Total income for the year stood at ₹12,848.47 lakh, up from ₹10,973.08 lakh in the prior year. Total expenses for FY26 were reported at ₹11,551.17 lakh, compared to ₹10,718.70 lakh in FY25. The profit before tax for the year increased to ₹1,297.30 lakh from ₹254.38 lakh in the previous year. Basic and diluted earnings per share (EPS) for the year improved to ₹9.55 from ₹1.82 in FY25.
Financial Performance
The company's balance sheet as of March 31, 2026, showed total assets of ₹7,424.11 lakh, an increase from ₹5,894.20 lakh in the previous year. Shareholders' funds, comprising share capital and reserves, grew to ₹3,680.47 lakh from ₹2,716.32 lakh. Inventory, a major component of current assets, stood at ₹6,275.00 lakh, up from ₹5,082.13 lakh in FY25.
Key Financial Metrics for FY26
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations | 12,834.81 | 10,967.93 |
| Total Income | 12,848.47 | 10,973.08 |
| Total Expenses | 11,551.17 | 10,718.70 |
| Profit before tax | 1,297.30 | 254.38 |
| Net profit | 974.35 | 185.25 |
| Earnings per share (Basic) | 9.55 | 1.82 |
Corporate Governance
The Board, upon the recommendation of the Audit Committee, approved the appointment of M/s. Kala Parakh & Farishta, Chartered Accountants, as internal auditors for the financial year 2026-27. The trading window for designated persons will remain closed for 48 hours following the conclusion of the board meeting, in accordance with SEBI regulations regarding insider trading. The company also declared an interim dividend of ₹0.1 per share during the year.
Historical Stock Returns for Eighty Jewellers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.71% | +37.01% | +57.07% | +34.50% | +27.18% | -0.27% |
What strategic initiatives will Eighty Jewellers implement to sustain the 425% surge in net profit?
How will the company manage the rising inventory levels, which now constitute over 84% of total assets?
Are there plans to transition to Indian Accounting Standards (Ind AS) if the company moves to the main board?
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