RBZ Jewellers Limited reported a strong financial performance for the quarter and year ended 31 March 2026. The company conducted an earnings conference call on 15 May 2026 to discuss the results, which have been filed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript of the call is now available on the company's website.

Financial Performance

For the fourth quarter of FY26, revenue from operations stood at INR190 crores, registering a growth of 38% year-on-year. EBITDA for the quarter increased by 46% to INR21 crores, with margins improving to 11.19%. Profit after tax (PAT) for the quarter rose by 36% to INR12 crores, resulting in PAT margins of 6.17%.

For the full financial year 2026, revenue from operations reached INR637 crores, reflecting a 20% year-on-year growth. EBITDA for the year grew significantly by 43% to INR92 crores, with margins expanding to 14.44%. PAT for the year increased by 41% to INR55 crores, with a margin of 8.61%.

Segmental and Operational Highlights

In terms of segmental performance for the quarter, retail revenue stood at INR121 crores, growing 31% year-on-year. Wholesale revenues reached INR67 crores, a strong increase of 57%, while job work revenue was approximately INR1 crores. The total value of merchandise sold during the year was INR1,251 crores, with the retail segment contributing INR408 crores and the B2B segment contributing INR843 crores.

Operational highlights include the launch of 730 new designs during the quarter and participation in key exhibitions to strengthen brand visibility. The company also launched digital campaigns such as Shwet and Kesudo to enhance customer engagement.

Future Outlook

The company plans to expand its retail presence in Gujarat, with new showrooms in Surat and Rajkot targeted to commence operations by Q2 FY27. Additionally, RBZ Jewellers is exploring strategic locations in Eastern Ahmedabad and Gandhinagar for mid-sized stores. Management indicated that capacity utilization is currently around 50-55% and that the company is comfortable with its current manufacturing setup without immediate capex requirements.

RBZ Jewellers Limited has released its audited standalone financial results for the quarter and year ended March 31, 2026, following approval at the Board of Directors meeting held on May 14, 2026. The results were reviewed and recommended by the Audit Committee before board approval, with statutory auditors Sorab S. Engineer & Co. issuing an unmodified audit opinion. Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company subsequently published the audited financial results in "Jai Hind" (Gujarati) and "Business Standard" (English) on May 16, 2026, with the publications also made available on the company's website at www.rbzjewellers.com . The company reported robust full-year performance, with revenue from operations growing to ₹63,648.02 lakhs from ₹53,011.52 lakhs in the previous year, while net profit rose to ₹5,479.61 lakhs compared to ₹3,879.85 lakhs in the prior year.

Financial Performance Overview

The company delivered healthy quarterly and annual performance, supported by strong festive demand during Akshay Tritiya and a robust wedding season. EBITDA for Q4 stood at ₹212 million versus ₹146 million in the year-ago period, with EBITDA margin improving to 11.16% from 10.63%. The following table presents the key financial highlights for the quarter and full year:

Operational Highlights

During the quarter, RBZ Jewellers actively participated in 2 exhibitions, including national and state-level events across both B2B and B2C segments. The company launched multiple successful digital marketing campaigns showcasing both occasion and daily collections, including "Shwet", "Kesudo (Holi)", and "Akshay Tritiya". Approximately 730 new designs were launched in the quarter, predominantly in the Occasional Wear segment.

Cash Flow Summary

The audited statement of cash flows for the year ended March 31, 2026 reflects increased investment activity and financing inflows. Net cash flow from operating activities was ₹(732.55) lakhs, compared to ₹(1,493.68) lakhs in the previous year, with operating profit before working capital changes improving to ₹9,264.75 lakhs from ₹6,503.31 lakhs. The key cash flow metrics are presented below:

The increase in investing outflows was primarily driven by purchase of property, plant and equipment (including capital advances and capital work in progress) amounting to ₹3,266.12 lakhs. Financing activities generated a net inflow of ₹4,051.74 lakhs, supported by proceeds from long-term borrowings of ₹2,388.00 lakhs and net short-term borrowing proceeds of ₹3,118.14 lakhs.

Balance Sheet Highlights

The company's total assets grew to ₹48,595.79 lakhs as at March 31, 2026, from ₹35,198.00 lakhs as at March 31, 2025. Total equity stood at ₹29,982.31 lakhs, comprising equity share capital of ₹4,000.00 lakhs and other equity of ₹25,982.31 lakhs. The key balance sheet metrics are summarised below:

Expansion Plans and Corporate Developments

Encouraged by the strong performance of the Ahmedabad showroom, the company plans to expand into other major Gujarat cities such as Surat and Rajkot, with both showrooms planned to commence operations in Q2 FY27. The company is also exploring strategic locations in Eastern Ahmedabad and nearby cities such as Gandhinagar for mid-sized showrooms (~5,000 sq. ft. carpet area) for future expansion. On the corporate governance front, the board approved the reappointment of M/S. G. K Choksi & Co. as Internal Auditors of the company for the financial year 2026-27, on the recommendation of the Audit Committee. The company operates as a single reporting segment — Jewellery — as per Ind AS 108 on Operating Segments, and as of March 31, 2026, does not have any subsidiary, associate, or joint venture company.