Radhika Jeweltech reported a robust start to FY27, with net profit surging 25.5% year-on-year to ₹22.85 lakh in Q1FY27. The growth was underpinned by a sharp 53.8% expansion in revenue from operations, which reached ₹152.54 lakh compared to ₹99.15 lakh in Q1FY26. EBITDA for the quarter stood at 307M Rupees versus 253M Rupees in the year-ago period, though the EBITDA margin contracted to 20.12% from 25.54% year-on-year. This performance highlights strong operational momentum for the gold and diamond jewelry manufacturer.

The Board of Directors approved the unaudited financial results on August 11, 2026, following a review by the Audit Committee. The statutory auditors, Panchal S K & Associates, issued a limited review report confirming that the financials comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates exclusively in the manufacturing and trading segment for gold and diamond jewelry.

Financial Performance Highlights

The company's top-line growth outpaced expense inflation, leading to improved profitability metrics across the board. Other income also contributed marginally, rising to ₹0.90 lakh from ₹0.09 lakh in the prior year period. The following table summarises the key financial metrics for the quarter:

Cost of materials consumed rose to ₹102.94 lakh from ₹57.18 lakh, consistent with the higher sales volume. Employee benefits expenses increased slightly to ₹1.99 lakh from ₹1.89 lakh, while finance costs decreased marginally to ₹0.50 lakh from ₹0.57 lakh. Depreciation remained stable at ₹0.44 lakh.

What the Numbers Show

A key analytical observation is the divergence between revenue growth and total expense growth. While revenue expanded by 53.8%, total expenses grew at a faster rate of 64.1%, primarily driven by the cost of materials consumed, which is directly linked to sales volume in the jewelry sector. The EBITDA margin contraction from 25.54% to 20.12% year-on-year further reflects the higher input cost burden relative to revenue growth. However, the company maintained healthy operating leverage, as profit before tax still grew by 25.7%. The effective tax rate remained relatively stable, with current tax expenses at ₹7.80 lakh against a profit before tax of ₹30.65 lakh.

Earnings per share (basic and diluted) stood at ₹1.94, a significant improvement from ₹1.54 in Q1FY26. The paid-up equity share capital remains unchanged at ₹11.80 lakh, comprising 11.8 million shares of ₹2 each. The company's total comprehensive income for the period was ₹22.86 lakh, including minor other comprehensive income items.

Regulatory and Compliance Details

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS), specifically Ind AS 34 for interim financial reporting. The figures for the quarter ended March 31, 2026, are balancing figures derived from audited full-year data and unaudited nine-month data. Previous period figures have been regrouped where necessary for comparability. No dividend was declared for the quarter.

Radhika Jeweltech Ltd has appointed Dholakiya Dipakkumar Natwarlal and Preetiben Bakulbhai Fichadia as Additional Non-Executive Independent Directors, effective July 22, 2026. The Board of Directors approved the appointments, subject to shareholder approval, for a term of five years from the date of appointment. The move reinforces the company’s governance structure with experienced professionals from the jewellery sector.

The Board meeting, held at the registered office on July 22, 2026, also approved the cessation of Natwarlal Vachhraj Dholakia and Pravinaben Anantrai Geria as Independent Directors. Their cessation will take effect upon the completion of their respective tenures. The decisions were based on the recommendation of the Nomination and Remuneration Committee.

Details of Appointments

The newly appointed directors bring significant industry experience to Radhika Jeweltech. Dholakiya Dipakkumar Natwarlal is a well-known businessman with 34 years of experience in the gold and diamond jewellery business. Similarly, Preetiben Bakulbhai Fichadia possesses 34 years of experience in the same sector. Neither appointee is related to any existing director of the company.

Board Composition Changes

The disclosures regarding these appointments were made in accordance with Regulation 30(6) read with Para A (7) of Part A of Schedule III of the SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. The intimation was signed by Ashokkumar M. Zinzuwadia, Managing Director of Radhika Jeweltech Ltd.