RBZ Jewellers Q1 Results: Net Profit Up 27.66%, EBITDA Rises to ₹179M YoY
RBZ Jewellers reported a 27.66% YoY rise in Q1FY27 net profit to ₹9.09 crore, with revenue from operations surging 59.84% to ₹1.2B rupees. EBITDA improved to ₹179M from ₹130M year-on-year, though the EBITDA margin narrowed to 14.83% from 17.17%, reflecting cost pressures as total expenses grew 64.71% YoY. EPS stood at ₹2.27 versus ₹1.78 in Q1FY26.

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RBZ Jewellers reported a 27.66% year-on-year increase in net profit to ₹9.09 crore for the quarter ended June 30, 2026, driven by a 59.84% surge in revenue from operations. The jewelry retailer's top line rose to ₹1.2B rupees in Q1FY27 from ₹756M rupees in the corresponding period last year, reflecting strong sales momentum. Earnings per share (EPS) stood at ₹2.27, up from ₹1.78 in Q1FY26. EBITDA for the quarter climbed to ₹179M rupees from ₹130M rupees year-on-year, though the EBITDA margin contracted to 14.83% from 17.17% in the same period last year, signaling margin pressure alongside volume growth.
The Board of Directors approved the unaudited standalone financial results during a meeting held on August 11, 2026, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Sorab S. Engineer & Co., who issued an unmodified conclusion. The company operates in a single reporting segment under Ind AS 108 and has no subsidiaries, associates, or joint ventures, making consolidated financial results inapplicable.
Financial Performance Highlights
The following table summarizes the key financial metrics for the quarter:
| Particulars: | Q1FY27 (₹ in Lakhs) | Q1FY26 (₹ in Lakhs) | YoY Change |
|---|---|---|---|
| Revenue from Operations | 12,080.44 | 7,557.91 | +59.84% |
| Total Income | 12,091.38 | 7,562.16 | +60.00% |
| Total Expenses | 10,875.52 | 6,602.82 | +64.71% |
| Profit Before Tax | 1,215.86 | 959.34 | +26.74% |
| Net Profit | 909.32 | 712.28 | +27.66% |
| EPS (Basic & Diluted) | ₹2.27 | ₹1.78 | +27.53% |
Revenue from operations grew significantly, outpacing the growth in total expenses, which rose by 64.71% to ₹108.76 crore. Cost of materials consumed increased to ₹56.64 crore from ₹21.68 crore, while purchases of stock-in-trade stood at ₹36.69 crore compared to ₹39.18 crore in the prior year quarter. Employee benefits expense rose to ₹4.55 crore from ₹3.68 crore, and finance costs increased to ₹4.23 crore from ₹2.58 crore.
EBITDA and Margin Analysis
The key EBITDA metrics for the quarter are presented below:
| Metric: | Q1FY27 | Q1FY26 |
|---|---|---|
| EBITDA | ₹179M | ₹130M |
| EBITDA Margin | 14.83% | 17.17% |
While EBITDA expanded in absolute terms, the contraction in EBITDA margin from 17.17% to 14.83% year-on-year underscores the impact of rising input costs on profitability. The divergence between revenue growth (59.84%) and expense growth (64.71%) further indicates that operational expenditures are scaling faster than sales realizations. Profit before tax grew by 26.74%, lagging behind the revenue surge, with tax expense at ₹3.07 crore, including a deferred tax credit of ₹0.35 crore.
Other Financial Details
Other income declined to ₹0.11 crore from ₹0.43 crore in the previous year quarter. The company reported no exceptional items. Paid-up equity share capital remained unchanged at ₹40.00 crore. Rajendrakumar Zaveri, Chairman and Managing Director, signed off on the financial statements alongside CA. Chokshi Shreyas B., Partner at Sorab S. Engineer & Co.
Historical Stock Returns for RBZ Jewellers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.44% | +1.26% | +0.14% | +2.95% | +6.41% | +47.10% |
How does management plan to address the 2.34% contraction in EBITDA margins amidst rising input and operational costs?
Will RBZ Jewellers accelerate store expansion or digital initiatives to sustain the 59.84% revenue growth momentum in Q2FY27?
What is the expected impact of increased finance costs on future profitability as the company scales its inventory and operations?


































